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Seeking Clues to 3M (MMM) Q3 Earnings? A Peek Into Wall Street Projections for Key Metrics
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In its upcoming report, 3M (MMM - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $2.41 per share, reflecting an increase of 10.1% compared to the same period last year. Revenues are forecasted to be $6.6 billion, representing a year-over-year increase of 4.5%.
The current level reflects an upward revision of 0.8% 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 announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
In light of this perspective, let's dive into the average estimates of certain 3M metrics that are commonly tracked and forecasted by Wall Street analysts.
Based on the collective assessment of analysts, 'Net Sales- Safety and Industrial business- Total' should arrive at $3.12 billion. The estimate points to a change of +7.1% from the year-ago quarter.
The consensus among analysts is that 'Net Sales- Consumer business- Total' will reach $1.31 billion. The estimate indicates a change of -0.4% from the prior-year quarter.
Analysts predict that the 'Adjusted operating income- Consumer' will reach $283.71 million. Compared to the current estimate, the company reported $291.00 million in the same quarter of the previous year.
Over the past month, 3M shares have recorded returns of +1.1% versus the Zacks S&P 500 composite's +1.4% change. Based on its Zacks Rank #3 (Hold), MMM 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 >>>> .
View the Zacks #1 Rank List
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Seeking Clues to 3M (MMM) Q3 Earnings? A Peek Into Wall Street Projections for Key Metrics
In its upcoming report, 3M (MMM - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $2.41 per share, reflecting an increase of 10.1% compared to the same period last year. Revenues are forecasted to be $6.6 billion, representing a year-over-year increase of 4.5%.
The current level reflects an upward revision of 0.8% 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 announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
In light of this perspective, let's dive into the average estimates of certain 3M metrics that are commonly tracked and forecasted by Wall Street analysts.
Based on the collective assessment of analysts, 'Net Sales- Safety and Industrial business- Total' should arrive at $3.12 billion. The estimate points to a change of +7.1% from the year-ago quarter.
The consensus among analysts is that 'Net Sales- Consumer business- Total' will reach $1.31 billion. The estimate indicates a change of -0.4% from the prior-year quarter.
Analysts predict that the 'Adjusted operating income- Consumer' will reach $283.71 million. Compared to the current estimate, the company reported $291.00 million in the same quarter of the previous year.
View all Key Company Metrics for 3M here>>>Over the past month, 3M shares have recorded returns of +1.1% versus the Zacks S&P 500 composite's +1.4% change. Based on its Zacks Rank #3 (Hold), MMM 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 >>>> .