McCormick Gears Up For Q1 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
McCormick & Company, Inc. (NYSE:MKC) is set to release its Q1 earnings before the market opens on March 26, 2024, with analysts expecting a slight decrease in earnings per share from the previous year and projecting quarterly revenue of $1.56 billion. Following a revenue miss in Q4, analysts have revised their ratings and price targets for MKC, with changes ranging from downgrades to maintaining current ratings but adjusting price targets downward.
March 22, 2024 | 4:19 pm
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McCormick is anticipated to report a slight decrease in EPS for Q1 2024, with projected revenue of $1.56 billion. Analysts have revised their ratings and price targets, indicating mixed expectations.
The slight decrease in expected EPS and the recent adjustments in analyst ratings and price targets suggest a cautious outlook for McCormick's short-term stock performance. However, the impact is considered neutral due to the mixed nature of the analyst revisions and the company's recent performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100