3M Sees 2024 Adj. EPS $6.80-$7.30 vs $7 Est.
Portfolio Pulse from Benzinga Newsdesk
3M projects its adjusted earnings per share (EPS) for 2024 to be in the range of $6.80 to $7.30, which is below the estimated $7. This forecast suggests a cautious outlook from the company.
April 30, 2024 | 10:32 am
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3M's projected adjusted EPS for 2024 falls short of the $7 estimate, indicating a cautious financial outlook.
The projected EPS being lower than the market estimate suggests that 3M is anticipating challenges or lower growth, which could lead to negative investor sentiment and potentially a decrease in stock price in the short term.
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