Earnings and Revenue:
Wall Street expects a positive EPS reading of $1.60 per share and revenues of $7.6 billion. Investors will be watching to see how this quarter's numbers compare against the year-ago quarter, when the company reported EPS of $1.54 per share on revenues of $6.73 billion. We'll know on Tuesday whether 3M Company has managed the estimated 3.9% increase in EPS and 12.9% rise in revenues on a year-over-year basis.Here's how the company's reported EPS has stacked up against analyst estimates in the past:
Quarter | Q1 | Q4 | Q3 | Q2 |
EPS Estimate | $1.43 | $1.27 | $1.51 | $1.48 |
EPS Actual | $1.49 | $1.27 | $1.53 | $1.54 |
Stock Performance:
At last check, shares of 3M Company were trading at $94.25. Shares are up 10.5% year to date. For a full 12 months, the return has risen by 8.9%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.- Long-term shareholders are already enjoying 12-month gains prior to the announcement
Average Stock Rating:
The average rating by analysts for 3M Company is a Moderate Buy. The strength of this rating has crept upwards over the past three months.Competitors:
Wondering how 3M Company compares to rivals in the same sector? Here are a few of the company's peers.- Carlisle Companies CSL: Moderate Buy with a $0.53 recent quarter EPS
- E.I. du Pont de Nemours & Company DD: Moderate Buy with a $1.52 recent quarter EPS
- Danaher DHR: Moderate Buy with a $0.61 recent quarter EPS
- General Electric Company GE: Moderate Buy with a $0.31 recent quarter EPS
The diversified operations company's industry has seen price/earnings growth of 1.2% during the current fiscal year.
Finally, a description of the company's main areas of operation: 3M Co. is a global manufacturer, technology innovator and marketer of a variety of products.
Take Action:
That's your advanced look at 3M Company's upcoming earnings numbers -- be ready to take quick action if the company's report contains any surprises. Also, check back in with us after the announcement for a full recap and what-to-do-next guide.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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