Cannabis Growing Career

NEW YORK, NY / ACCESSWIRE / November 29, 2018 / New Age Beverages shares were jumping despite any news from the company while J.M. Smucker Company shares sank on disappointing second quarter financial results.

The Market Edge Initiates Coverage on:

New Age Beverages Corporation

The J. M. Smucker Company

New Age Beverages Corporation shares closed up a little over 22% on almost 19.5 million shares traded on Wednesday. There was no immediate news from the beverage company that is preparing to launch a line of CBD infused drinks. It was earlier this month that the company reported third quarter financial results. For the quarter, the company saw revenue of $15.3 million, a decrease from the $16.8 million in the year ago quarter. Loss per share was $0.08 compared to a loss of $0.01 in the same period a year ago. At the time, CEO Brent Willis said, “Now, with the distribution breadth of our core brands and our ability to fulfill demand, the impending launch of our CBD portfolio, and next steps with strategic growth opportunities, we are confident in our ability to continue to drive excellent return for shareowners.”

Access The Market Edge’s New Age Beverages Corporation Research Report:

The J. M. Smucker Company shares closed down 7.24% on almost 5 million shares traded yesterday. The slump came after the company reported second quarter financial results. For the quarter, the jelly maker reported earnings per share of $2.17. Some analysts were waiting for $2.33 a share. In the year ago quarter the company had reported $2.02 a share. The company also lowered its profit expectations and sales forecast moving forward. CEO Mark T. Smucker was optimistic during the earnings call and said, “We are pleased with the results for our business this quarter. While they were in line with our expectations, our efforts to support our balanced portfolio of brands continues to bear fruit. Our focus on adapting to consumer preferences was reflected in robust performance by key growth brands, which in total were up 12% this quarter. Sales for Nutrish premium pet food were up 23% over the prior year.” Susquehanna analyst Pablo Zuanic remarked, “The stock had outperformed into the quarter, so it will likely be pressured today, but we continue to recommend the stock given the ongoing pivot to better growth and more premium products.”

Access The Market Edge’s The J. M. Smucker Company Research Report:

Our Actionable Research on New Age Beverages Corporation (NASDAQ: NBEV ) and The J. M. Smucker Company (NYSE: SJM ) can be downloaded free of charge at The Market Edge.

The Market Edge

We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.

The Market Edge has not been compensated; directly or indirectly; for producing or publishing this document.

Disclaimer: This article is written by an independent contributor of and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at .


For any questions, inquiries, or comments reach out to us directly at:


The Market Edge, Unit #901 511 Avenue of the Americas, New York, NY, 10011


CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: The Market Edge

Stock Symbols