A Preview Of 3M's Earnings

A Preview Of 3M's Earnings

3M MMM is set to give its latest quarterly earnings report on Tuesday, 2022-10-25. Here's what investors need to know before the announcement.

Analysts estimate that 3M will report an earnings per share (EPS) of $2.62.

3M bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Historical Earnings Performance

Last quarter the company beat EPS by $0.03, which was followed by a 1.34% drop in the share price the next day.

Here's a look at 3M's past performance and the resulting price change:

Quarter Q2 2022 Q1 2022 Q4 2021 Q3 2021
EPS Estimate 2.45 2.31 2.01 2.20
EPS Actual 2.48 2.65 2.31 2.45
Price Change % -1.34% -0.01% -2.56% -2.15%

Quarter Q2 2022 Q1 2022 Q4 2021 Q3 2021
EPS Estimate 2.45 2.31 2.01 2.20
EPS Actual 2.48 2.65 2.31 2.45
Price Change % -1.34% -0.01% -2.56% -2.15%

Stock Performance

Shares of 3M were trading at $116.81 as of October 21. Over the last 52-week period, shares are down 35.11%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.

To track all earnings releases for 3M visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: BZI-EPEarnings