Earnings Preview: 3M

3M (NYSE:MMM) will release its quarterly earnings report on Tuesday, 2024-10-22. Here's a brief overview for investors ahead of the announcement.

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

Investors in 3M are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.

It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.

Overview of Past Earnings

During the last quarter, the company reported an EPS beat by $0.25, leading to a 0.0% drop in the share price on the subsequent day.

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%

3M Share Price Analysis

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 are likely bullish 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.

3M has received a total of 10 ...