McCormick & Co's Earnings Outlook
Portfolio Pulse from Benzinga Insights
McCormick & Co (NYSE:MKC) is scheduled to release its quarterly earnings report on March 26, 2024. Analysts predict an EPS of $0.58. The company's past earnings performance shows a history of beating EPS estimates, which has occasionally led to a positive impact on its share price the following day. However, shares have declined by 13.97% over the last 52 weeks, indicating a bearish outlook among long-term shareholders. Investors will be particularly attentive to the company's guidance for future growth.
March 25, 2024 | 5:00 pm
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McCormick & Co is expected to announce an EPS of $0.58 in its upcoming earnings report. Historical data shows a tendency to beat EPS estimates, potentially influencing stock price positively. However, a year-long 13.97% decline in share price reflects a bearish long-term sentiment.
While McCormick & Co has a history of beating EPS estimates, which could suggest a positive short-term impact on its stock price, the overall bearish sentiment indicated by a 13.97% decline over the past year tempers expectations. The company's guidance for future growth will be crucial in determining the stock's direction.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100