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Earnings Outlook For 3M

3M (NYSE:MMM) is preparing to release its quarterly earnings on Tuesday, 2024-10-22. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect 3M to report an earnings per share (EPS) of $1.91.

The market awaits 3M's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.

It's important for new investors to understand that guidance can be a significant driver of stock prices.

Performance in Previous Earnings

In the previous earnings release, the company beat EPS by $0.25, leading to a 0.0% drop in the share price the following trading session.

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

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

1.68

1.96

2.31

2.34

EPS Actual

1.93

2.39

2.42

2.68

Price Change %

23.0%

2.0%

-3.0%

-1.0%

Tracking 3M's Stock Performance

Shares of 3M were trading at $135.14 as of October 18. Over the last 52-week period, shares are up 79.38%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

Insights Shared by Analysts on 3M

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on 3M.

Analysts have provided 3M with 10 ratings, resulting in a ...