Q2 EPS Forecast for Scotts Miracle-Gro Increased by Analyst

The Scotts Miracle-Gro Company (NYSE:SMG) – Stock analysts at Zacks Research boosted their Q2 2026 earnings estimates for shares of Scotts Miracle-Gro in a research note issued on Tuesday, February 17th. Zacks Research analyst Team now anticipates that the basic materials company will earn $3.91 per share for the quarter, up from their prior forecast of $3.90. The consensus estimate for Scotts Miracle-Gro’s current full-year earnings is $3.42 per share. Zacks Research also issued estimates for Scotts Miracle-Gro’s Q3 2026 earnings at $2.86 EPS, Q4 2026 earnings at ($1.79) EPS, Q1 2027 earnings at ($0.69) EPS, Q2 2027 earnings at $4.10 EPS, Q3 2027 earnings at $2.86 EPS, Q4 2027 earnings at ($1.69) EPS, Q1 2028 earnings at ($0.72) EPS and FY2028 earnings at $4.66 EPS.

Scotts Miracle-Gro (NYSE:SMG) last issued its earnings results on Wednesday, January 28th. The basic materials company reported ($0.77) EPS for the quarter, topping analysts’ consensus estimates of ($1.04) by $0.27. Scotts Miracle-Gro had a net margin of 2.68% and a negative return on equity of 68.59%. The business had revenue of $354.40 million for the quarter, compared to the consensus estimate of $353.25 million. During the same period in the prior year, the firm earned ($0.89) EPS. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. Scotts Miracle-Gro has set its FY 2026 guidance at 4.150-4.35 EPS.

Several other analysts have also commented on SMG. Wells Fargo & Company reiterated an “overweight” rating on shares of Scotts Miracle-Gro in a report on Tuesday. Jefferies Financial Group increased their price target on Scotts Miracle-Gro from $71.00 to $74.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Weiss Ratings restated a “hold (c-)” rating on shares of Scotts Miracle-Gro in a research note on Wednesday, January 21st. Wall Street Zen downgraded shares of Scotts Miracle-Gro from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Finally, Stifel Nicolaus set a $70.00 target price on shares of Scotts Miracle-Gro and gave the stock a “buy” rating in a research note on Thursday, November 6th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $71.00.

Scotts Miracle-Gro Price Performance

Shares of NYSE SMG opened at $69.95 on Friday. Scotts Miracle-Gro has a 1-year low of $45.61 and a 1-year high of $70.75. The business has a fifty day moving average price of $62.66 and a 200 day moving average price of $59.44. The stock has a market capitalization of $4.06 billion, a P/E ratio of 47.59 and a beta of 1.98.

Scotts Miracle-Gro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Friday, February 20th will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, February 20th. Scotts Miracle-Gro’s dividend payout ratio is presently 179.59%.

Insider Activity at Scotts Miracle-Gro

In related news, Director Hagedorn Partnership, L.P. sold 50,000 shares of Scotts Miracle-Gro stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $66.40, for a total value of $3,320,000.00. Following the completion of the transaction, the director owned 13,167,641 shares in the company, valued at $874,331,362.40. The trade was a 0.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 24.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Scotts Miracle-Gro

A number of institutional investors have recently added to or reduced their stakes in the stock. Spire Wealth Management increased its stake in shares of Scotts Miracle-Gro by 32.1% during the second quarter. Spire Wealth Management now owns 725 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 176 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in Scotts Miracle-Gro by 1.6% in the 3rd quarter. Louisiana State Employees Retirement System now owns 12,400 shares of the basic materials company’s stock worth $706,000 after buying an additional 200 shares during the last quarter. State of Michigan Retirement System increased its stake in Scotts Miracle-Gro by 1.9% during the 3rd quarter. State of Michigan Retirement System now owns 10,600 shares of the basic materials company’s stock worth $604,000 after buying an additional 200 shares in the last quarter. Arizona State Retirement System increased its stake in Scotts Miracle-Gro by 1.8% during the 3rd quarter. Arizona State Retirement System now owns 13,662 shares of the basic materials company’s stock worth $778,000 after buying an additional 245 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC raised its holdings in shares of Scotts Miracle-Gro by 2.5% during the third quarter. Northwestern Mutual Investment Management Company LLC now owns 9,911 shares of the basic materials company’s stock valued at $564,000 after acquiring an additional 246 shares during the last quarter. Institutional investors and hedge funds own 74.07% of the company’s stock.

Key Headlines Impacting Scotts Miracle-Gro

Here are the key news stories impacting Scotts Miracle-Gro this week:

• Positive Sentiment: Zacks raised its FY2028 EPS view substantially (from $4.21 to $4.66), signaling a more upbeat medium‑term outlook for earnings growth. Article
• Positive Sentiment: Zacks also nudged FY2026 higher (to $4.21 from $4.16) and modestly lifted some upcoming quarters (Q1 2027 from ($0.83) to ($0.69); Q1 2028 from ($0.89) to ($0.72)), which supports a slightly stronger earnings trajectory into next year. Article
• Positive Sentiment: Small upside to near‑term guidance: Q2 2026 estimate was ticked up to $3.91 (from $3.90) and Q4 2027 was improved slightly (to ($1.69) from ($1.73)). These tweaks reduce downside risk for a few quarters. Article
• Neutral Sentiment: Zacks’ revisions left the published consensus for the company’s current fiscal year unchanged in the summaries provided (consensus cited as $3.42 EPS), so analysts’ view of full‑year consensus remains stable even as individual quarters shift. Article
• Negative Sentiment: Offsets to the optimism: Zacks trimmed several key quarterly estimates — Q3 2026 from $3.00 to $2.86, Q3 2027 from $2.96 to $2.86 and Q2 2027 from $4.27 to $4.10 — which point to softer summertime earnings than previously expected. Article
• Negative Sentiment: Zacks widened the expected Q4 2026 loss (from ($1.65) to ($1.79)) and trimmed FY2027 (from $4.68 to $4.58), indicating lingering seasonality or margin pressure in the back half of fiscal years. These downward revisions are the main near‑term headwinds. Article

About Scotts Miracle-Gro

Scotts Miracle-Gro Company is a leading developer, manufacturer and distributor of consumer lawn and garden products. The firm serves both retail and professional customers through an array of branded offerings that include lawn fertilizers, grass seed, pest and disease control solutions, plant foods and specialty products for indoor and outdoor gardening. Its portfolio spans well-known names such as Scotts®, Miracle-Gro®, Ortho® and various hydroponic and specialty garden brands.

Headquartered in Marysville, Ohio, the company traces its roots to O.M.