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Should Value Investors Buy Jeronimo Martins SGPS (JRONY) Stock?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Zacks Investment Research • Mar 23, 2026
Jerónimo Martins: Time To Reset Margin Expectations

Jerónimo Martins remains a defensive 'Buy' despite recent post-earnings underperformance and margin normalization concerns. I expect FY 2026 and FY 2027 EBITDA margins to normalize near 5%, with projected EBITDA of €1.91 billion and FCF around €710 million. Ara's long-term growth potential in Colombia could be underestimated, with store expansion possibly tripling current EBITDA to €360 million.

Seeking Alpha • Mar 23, 2026

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