A Preview Of 3M's Earnings
Portfolio Pulse from Benzinga Insights
3M (NYSE:MMM) is set to release its latest quarterly earnings report on Tuesday, 2023-07-25. Analysts estimate an earnings per share (EPS) of $1.72. Last quarter, the company beat EPS by $0.39, which was followed by a 1.39% drop in the share price. Shares of 3M were trading at $104.33 as of July 21, with a 52-week period decline of 25.23%.
July 24, 2023 | 2:02 pm
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3M is expected to report an EPS of $1.72 in its upcoming earnings. The company's stock price has been negatively affected in the past by earnings results.
3M's stock price has shown a tendency to drop following earnings reports, even when the company beats EPS estimates. This trend, combined with the overall negative return over the past 52 weeks, suggests that the upcoming earnings report could potentially have a negative impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100