McCormick Likely To Report Lower Q3 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
McCormick & Company is expected to report lower Q3 earnings of 65 cents per share, down from 69 cents per share a year ago. However, the company's revenue might increase to $1.7 billion from $1.61 billion. The company's shares rose 1.3% to close at $75.64 on Friday. Analysts from TD Cowen, Stifel, JP Morgan, and Bernstein have given varied ratings and price targets for the company.
October 02, 2023 | 2:39 pm
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McCormick & Company's lower expected earnings might negatively impact the stock. However, the increase in revenue and recent rise in share price could offset this. Analysts' ratings and price targets vary.
The expected drop in earnings could lead to a negative sentiment among investors, potentially causing a drop in the stock price. However, the expected increase in revenue and the recent rise in the stock price could counteract this. The varied analyst ratings and price targets also add uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100