McCormick & Co's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
McCormick & Co (NYSE:MKC) is scheduled to release its quarterly earnings report on January 25, 2024. Analysts predict an EPS of $0.79. Investors are looking for an earnings beat and positive guidance for future growth. McCormick's stock performance has been negative over the past year, with shares down 9.83%. The company's past earnings performance shows a mix of hits and misses, with minor stock price changes following the announcements.
January 24, 2024 | 5:00 pm
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McCormick & Co is expected to report an EPS of $0.79 for the latest quarter. Investors will focus on earnings results and future guidance. Past performance shows slight stock movements post-earnings.
The expected EPS is a key indicator of the company's performance, and while guidance will be crucial, McCormick's history shows minimal stock movement post-earnings. The 9.83% decline over the past year indicates a bearish sentiment, but the actual earnings result and forward guidance will be the determining factors for short-term impact.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100