A Preview Of McCormick & Co's Earnings

McCormick & Co MKC will be releasing its next round of earnings this Tuesday, September 29. For all of the relevant information, here is your guide for Tuesday's Q3 earnings announcement.

Earnings and Revenue

McCormick & Co EPS will likely be near $1.52 while revenue will be around $1.39 billion, according to analysts. In the same quarter last year, McCormick & Co reported earnings per share of $1.46 on revenue of $1.33 billion. If the company were to post earnings in line with the consensus estimate when it reports Tuesday, EPS would be up 4.11%. McCormick & Co's reported EPS has stacked up against analyst estimates in the past like this:

Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019
EPS Estimate 1.10 1.04 1.61 1.29
EPS Actual 1.47 1.08 1.61 1.46
Revenue Estimate 1.31 B 1.23 B 1.52 B 1.34 B
Revenue Actual 1.40 B 1.21 B 1.49 B 1.33 B

Stock Performance

Over the last 52-week period, shares are up 16.14%. Given that these returns are generally positive, long-term shareholders can be satisfied going into this earnings release.

Don't 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: https://edge.media-server.com/mmc/p/9kkpi6wf

Posted In: Earnings