We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
McCormick (MKC) Q1 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
Read MoreHide Full Article
In its upcoming report, McCormick (MKC - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.61 per share, reflecting an increase of 1.7% compared to the same period last year. Revenues are forecasted to be $1.79 billion, representing a year-over-year increase of 11.3%.
The current level reflects an upward revision of 0.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link 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.
Bearing this in mind, let's now explore the average estimates of specific McCormick metrics that are commonly monitored and projected by Wall Street analysts.
The consensus among analysts is that 'Net Sales- Flavor Solutions' will reach $724.75 million. The estimate indicates a change of +5.7% from the prior-year quarter.
Analysts forecast 'Net Sales- Consumer' to reach $1.05 billion. The estimate indicates a year-over-year change of +14.5%.
Analysts predict that the 'Operating income excluding special charges and transaction and integration expenses- Flavor Solutions' will reach $83.78 million. The estimate compares to the year-ago value of $79.00 million.
Analysts' assessment points toward 'Operating income excluding special charges and transaction and integration expenses- Consumer' reaching $171.55 million. Compared to the present estimate, the company reported $147.00 million in the same quarter last year.
Over the past month, McCormick shares have recorded returns of -23.5% versus the Zacks S&P 500 composite's -5% change. Based on its Zacks Rank #3 (Hold), MKC will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
McCormick (MKC) Q1 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
In its upcoming report, McCormick (MKC - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.61 per share, reflecting an increase of 1.7% compared to the same period last year. Revenues are forecasted to be $1.79 billion, representing a year-over-year increase of 11.3%.
The current level reflects an upward revision of 0.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link 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.
Bearing this in mind, let's now explore the average estimates of specific McCormick metrics that are commonly monitored and projected by Wall Street analysts.
The consensus among analysts is that 'Net Sales- Flavor Solutions' will reach $724.75 million. The estimate indicates a change of +5.7% from the prior-year quarter.
Analysts forecast 'Net Sales- Consumer' to reach $1.05 billion. The estimate indicates a year-over-year change of +14.5%.
Analysts predict that the 'Operating income excluding special charges and transaction and integration expenses- Flavor Solutions' will reach $83.78 million. The estimate compares to the year-ago value of $79.00 million.
Analysts' assessment points toward 'Operating income excluding special charges and transaction and integration expenses- Consumer' reaching $171.55 million. Compared to the present estimate, the company reported $147.00 million in the same quarter last year.
View all Key Company Metrics for McCormick here>>>Over the past month, McCormick shares have recorded returns of -23.5% versus the Zacks S&P 500 composite's -5% change. Based on its Zacks Rank #3 (Hold), MKC will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .