Scotts (SMG) delivered earnings and revenue surprises of 27.14% and 4.59%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Scotts Miracle-Gro (SMG) Reports Q1 Loss, Tops Revenue Estimates

Scotts Miracle-Gro. Co. SMG, +9.43% said Wednesday its first-quarter loss widened to $64.7 million, or $1.17 a share, from a loss of $50 million, or 90 cents a share in the year-ago quarter.

Scotts Miracle-Gro posts narrower-than-expected net loss and beats revenue mark

Scotts Miracle-Gro has seen its share of headwinds over the past year. However, it may be turning the corner as the housing market may see a rebound with improving mortgage rates.

Scotts Miracle-Gro: Long-Term Growth Potential

MARYSVILLE, Ohio, Jan. 18, 2023 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG), the world's leading marketer of branded consumer lawn and garden as well as indoor and hydroponic growing products, will release its first quarter financial results on Wednesday, February 1, 2023, prior to the opening of the U.S. financial markets. The Company will host a conference call to discuss those results at 9:00 a.m. ET.

ScottsMiracle-Gro Announces Timing of First Quarter 2023 Financial Results and Conference Call

The gardening company has seen revenue drop precipitously.

After Dropping Nearly 70%, Is It Time to Buy Scotts Miracle-Gro Stock Yet?

The economy is either already in recession or it is likely to be in one in 2023. As a result, some dividend stocks are worth buying for investors.

7 Dividend Stocks to Sell Before They Dive in 2023

The Scotts Miracle-Gro Company is involved in the manufacture, marketing, and sale of products for lawn, garden care, and indoor and hydroponic gardening in the United States and internationally. It operates through three segments: U.S. Consumer, Hawthorne, and Other. The company provides lawn care products comprising lawn fertilizers, grass seed products, spreaders, other durable products, and outdoor cleaners, as well as lawn-related weed, pest, and disease control products; gardening and landscape products comprising water-soluble and continuous-release plant foods, potting mixes and garden soils, mulch and decorative groundcover products, plant-related pest and disease control products, organic garden products, and live goods and seeding solutions. It also offers hydroponic products that help users to grow plants, flowers, and vegetables using little or no soil; lighting systems and components for use in hydroponic and indoor gardening applications; insect, rodent, and weed control products for home areas; and non-selective weed killer products. The company sells its products under the Scotts, Turf Builder, EZ Seed, PatchMaster, Thick'R Lawn, GrubEx, EdgeGuard, Handy Green II, Miracle-Gro, LiquaFeed, Shake 'N Feed, Hyponex, Earthgro, Nature Scapes, Ortho, Miracle-Gro Performance Organics, Miracle-Gro Organic Choice, Whitney Farms, EcoScraps, Mother Earth, Botanicare, General Hydroponics, Vermicrop, Cyco, Gavita, Agrolux, HydroLogic, Can-Filters, Gro Pro, Hurricane, AeroGarden, Titan, Tomcat, Ortho Weed B Gon, Roundup, Groundclear, and Alchemist brands. It serves home centers, mass merchandisers, warehouse clubs, large hardware chains, independent hardware stores, nurseries, garden centers, e-commerce platforms, and food and drug stores, as well as indoor gardening and hydroponic distributors, retailers, and growers. The company was founded in 1868 and is headquartered in Marysville, Ohio.