03:01 PM EST, 11/24/2025 (MT Newswires) -- J.M. Smucker (SJM) is facing a "cautiously optimistic" sentiment ahead of its fiscal Q2 earnings on Tuesday, with investors prepared for the quarter's upside and guidance to be less robust than what was expected several weeks ago, UBS said.

The brokerage said in a Friday note that its fiscal Q2 earnings per share estimate remains unchanged at $2.07, compared with Visible Alpha consensus of $2.10.

UBS further forecasted Q2 organic sales growth of 4%, which compares with Visible Alpha consensus 4.5% and sits at the low end of the company's guidance of mid-single digit growth.

Regarding the company's fiscal 2026 guidance, UBS said that the base case expectation is that J.M. Smucker's outlook will be conservative and that the company is expected to maintain its EPS guidance with the "potential for some narrowing towards the mid to-high end."

UBS expected the company to maintain its net sales and organic sales forecast for the year at 3% to 5% and 4.5% to 6.5%, respectively, and estimated organic sales forecast of 5.7% on its end.

The firm rated J.M. Smucker as buy and lowered its price target to $120 from $121.

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