3M Earnings Preview
Portfolio Pulse from Benzinga Insights
3M (NYSE:MMM) is set to release its latest quarterly earnings report on Tuesday, 2023-10-24. Analysts estimate an earnings per share (EPS) of $2.34. The company's previous quarter saw an EPS beat by $0.45, resulting in a 2.56% increase in share price. However, 3M's shares have seen a 27.11% decrease over the last 52-week period.
October 23, 2023 | 2:01 pm
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NEUTRAL IMPACT
3M's upcoming earnings report could potentially impact its stock price. The company's previous EPS beat led to a 2.56% increase in share price. However, the stock has been on a downward trend, with a 27.11% decrease over the last 52 weeks.
3M's stock price could be influenced by its upcoming earnings report. If the company beats the estimated EPS of $2.34, it could potentially lead to a positive impact on the stock price, as seen in the previous quarter. However, the overall downward trend of the stock over the past year could also continue to exert downward pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100