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McCormick (MKC) Q4 Earnings Preview: What You Should Know Beyond the Headline Estimates
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Analysts on Wall Street project that McCormick (MKC - Free Report) will announce quarterly earnings of $0.79 per share in its forthcoming report, representing an increase of 8.2% year over year. Revenues are projected to reach $1.78 billion, increasing 5.2% from the same quarter last year.
The consensus EPS estimate for the quarter has undergone an upward revision of 0.3% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Given this perspective, it's time to examine the average forecasts of specific McCormick metrics that are routinely monitored and predicted by Wall Street analysts.
Based on the collective assessment of analysts, 'Net Sales- Flavor Solutions' should arrive at $715.51 million. The estimate indicates a year-over-year change of +8.8%.
The consensus estimate for 'Net Sales- Consumer' stands at $1.08 billion. The estimate suggests a change of +4% year over year.
The collective assessment of analysts points to an estimated 'Operating income excluding special charges and transaction and integration expenses- Flavor Solutions' of $63.85 million. The estimate is in contrast to the year-ago figure of $42.70 million.
Analysts predict that the 'Operating income excluding special charges and transaction and integration expenses- Consumer' will reach $240.43 million. Compared to the present estimate, the company reported $235.20 million in the same quarter last year.
Over the past month, shares of McCormick have returned -4.2% versus the Zacks S&P 500 composite's +1.6% change. Currently, MKC carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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McCormick (MKC) Q4 Earnings Preview: What You Should Know Beyond the Headline Estimates
Analysts on Wall Street project that McCormick (MKC - Free Report) will announce quarterly earnings of $0.79 per share in its forthcoming report, representing an increase of 8.2% year over year. Revenues are projected to reach $1.78 billion, increasing 5.2% from the same quarter last year.
The consensus EPS estimate for the quarter has undergone an upward revision of 0.3% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Given this perspective, it's time to examine the average forecasts of specific McCormick metrics that are routinely monitored and predicted by Wall Street analysts.
Based on the collective assessment of analysts, 'Net Sales- Flavor Solutions' should arrive at $715.51 million. The estimate indicates a year-over-year change of +8.8%.
The consensus estimate for 'Net Sales- Consumer' stands at $1.08 billion. The estimate suggests a change of +4% year over year.
The collective assessment of analysts points to an estimated 'Operating income excluding special charges and transaction and integration expenses- Flavor Solutions' of $63.85 million. The estimate is in contrast to the year-ago figure of $42.70 million.
Analysts predict that the 'Operating income excluding special charges and transaction and integration expenses- Consumer' will reach $240.43 million. Compared to the present estimate, the company reported $235.20 million in the same quarter last year.
View all Key Company Metrics for McCormick here>>>
Over the past month, shares of McCormick have returned -4.2% versus the Zacks S&P 500 composite's +1.6% change. Currently, MKC carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>