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Kickstarting your investment journey can be both exciting and scary at the same time, and if you're new to investing, you may not know where to even begin. However, one thing is for certain -- stocks set to beat the market over the next 12 months serve as the perfect foundation for any kind of investor.
Let's now take a look at one standout stock that could be a perfect fit for your portfolio.
Why You Should Pay Attention to Smucker (SJM)
Headquartered in Orrville, OH, the J.M. Smucker Company is a leading marketer and manufacturer of consumer food and beverage products and pet food and pet snacks in North America. Although majority of the company’s operations are concentrated in the United States, it also operates on an international basis.
SJM was added to the Zacks Focus List on August 29, 2024 at $114.73 per share. Since then, shares have increased 1.49% to $116.44.
Eight analysts revised their earnings estimate upwards in the last 60 days for fiscal 2025. The Zacks Consensus Estimate has increased $0.16 to $10.05. SJM boasts an average earnings surprise of 11.7%.
Additionally, Smucker's earnings are expected to grow 1.1% for the current fiscal year.
Because stock prices react to revisions, buying stocks with rising earnings estimates can be very profitable. Focus List stocks like SJM offer investors a great opportunity to get into a company whose future earnings estimates will be raised, potentially leading to price momentum.
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The J. M. Smucker Company (SJM) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).