The J.M. Smucker (SJM) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Reported EPS
- $3.24
- Estimate
- $2.22
- Surprise
- +46.2%
- Revenue (period 2026-07-31)
- $2.22B
- Score at report (before → after)
- 5.5 → 5.6/10
Revenue source: xbrl.
How the report landed
The J.M. Smucker (SJM) beat the $2.22 estimate with diluted EPS of $3.24 — a large 46.2% upside surprise. TrendMatrix's engine moved from Sell (5.5/10) to Hold at 5.6/10 after the report.
Coverage in the report window
- TD Cowen Maintains Hold on JM Smucker, Raises Price Target to $136 — benzinga, 2026-08-27
- Bernstein Maintains Outperform on JM Smucker, Raises Price Target to $157 — benzinga, 2026-08-27
- JM Smucker Analysts Raise Their Forecasts After Upbeat Q1 Results — benzinga, 2026-08-27
Where TrendMatrix's rating stands now
TrendMatrix currently rates SJM Sell at 5.3/10.
3 of the last 4 quarters beat the estimate; this quarter's +46.2% surprise compares with a +14.1% four-quarter average. Next scheduled report: 2026-11-24.
What supports the rating
- Sector modifier (Consumer Defensive): +0.8
- Strong earnings beat streak (3/4)
What argues against it
- Concentration risk — Customer: top 10 customers (60.0%)
- Concentration risk — Geographic: United States
- Thin upside margin: 5.1%
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $121.14
- Price target
- $127.29
- Stop
- $114.06
- Upside to target
- +5.1%
- Reward-to-risk
- 0.9:1
The stock trades at 56.6× trailing but 11.1× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-09-14 — shown for context, not personalized investment advice.
SJM at TrendMatrix's latest read
Defensive staples are judged on margin resilience: pricing power against input costs matters more here than top-line drama.
- Industry
- Packaged Foods
- Market cap
- $12.94B
- P/E (fwd)
- 11.1
- P/E (ttm)
- 56.6
- 52-week range
- $88.25–$135.89
- Off 52-week high
- 10.9%
- RSI (14)
- 42
- Volume vs avg
- 0.77×
- Score today
- 5.3/10