On Thursday, Jan. 24, McCormick MKC will release its latest earnings report. Benzinga's report can help you figure out the ins and outs of the earnings release.
Earnings and Revenue
Based on management's projections, McCormick analysts model for earnings of $1.70 per share on sales of $1.55 billion.
In the same quarter last year, McCormick reported EPS of $1.54 on revenue of $1.49 billion. If the company were to match the consensus estimate when it reports Thursday, EPS would be up 10.39 percent. Sales would be have grown 3.96 percent from the same quarter last year. Here's how the McCormick's reported EPS has stacked up against analyst estimates in the past:
Quarter | Q3 2018 | Q2 2018 | Q1 2018 | Q4 2017 |
EPS Estimate | 1.26 | 0.93 | 0.89 | 1.51 |
EPS Actual | 1.28 | 1.02 | 1 | 1.54 |
Stock Performance
Over the last 52-week period, shares are up 39.93 percent. Given that these returns are generally positive, long-term shareholders are probably content going into this earnings release. Over the past 90 days, analysts have adjusted their estimates higher for EPS and revenues. The average rating by analysts on McCormick stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
Conference Call
McCormick's Q4 conference call is scheduled to begin at 8:00 a.m. ET and can be accessed here: https://edge.media-server.com/m6/p/hbrprnaf
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.