McCormick & Co (NYSE:MKC) announces its next round of earnings this Thursday, July 01. Here is Benzinga's everything-that-matters guide for this Thursday's Q2 earnings announcement.

Net Income, Earnings, And Earnings Per Share

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

Wall Street analysts see McCormick & Co reporting earnings of $0.61 per share on sales of $1.47 billion. In the same quarter last year, McCormick & Co reported earnings per share of $1.47 on sales of $1.40 billion.

Why Analyst Estimates And Earnings Surprises Are Important

The analyst consensus estimate would represent a 58.5% decrease in the company's earnings. Revenue would be have grown 4.93% from the same quarter last year. McCormick & Co's reported EPS has stacked up against analyst estimates in the past like this:

Stock Performance

Shares of McCormick & Co were trading at $87.62 as of June 29. Over the last 52-week period, shares are down 2.98%. Given that these returns are generally negative, long-term shareholders are probably upset going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. McCormick & Co is scheduled to hold the call at 08:00:00 ET and can be accessed here.