Scotts (SMG) Surges 10.9%: Is This an Indication of Further Gains?
From Nasdaq: 2025-06-06 05:22:00
Scotts Miracle-Gro (SMG) shares surged 10.9% to $65.01 due to increased trading volume. The company reaffirmed its fiscal 2025 guidance and reported strong performance during peak lawn and garden season, driven by robust consumer demand. SMG is expected to post quarterly earnings of $2.17 per share with revenues of $1.23 billion.
The consensus EPS estimate for Scotts Miracle-Gro has been marginally revised higher, indicating potential price appreciation. Additionally, the stock currently holds a Zacks Rank #3 (Hold) within the Agriculture – Operations industry. Comparatively, Archer Daniels Midland (ADM) closed 0.6% lower at $46.98 with a Zacks Rank of #4 (Sell).
Zacks Research Chief highlights a stock with the potential to double in the coming months, emphasizing its innovative financial solutions and growing customer base. This top pick is positioned for significant gains, with past picks like Nano-X Imaging showing impressive growth. Interested investors can access Zacks’ top stock recommendations for free.
Read more at Nasdaq: Scotts (SMG) Surges 10.9%: Is This an Indication of Further Gains?