Earnings Preview: 3M
Portfolio Pulse from Benzinga Insights
3M is set to release its quarterly earnings report on October 22, 2024, with analysts expecting an EPS of $1.91. The company's past performance showed mixed results, with a notable EPS beat last quarter but no share price increase. Analysts have a 'Buy' consensus with a price target of $138.2, suggesting a 2.26% upside. Despite challenges in revenue growth, 3M maintains strong profitability metrics.
October 21, 2024 | 2:01 pm
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3M is expected to report an EPS of $1.91 for its upcoming earnings release. Analysts have a 'Buy' rating with a price target of $138.2, indicating a potential 2.26% upside. Despite a revenue decline, 3M shows strong profitability and return on equity.
The upcoming earnings report is crucial for 3M, with analysts expecting a positive EPS. The 'Buy' rating and price target suggest optimism, which could lead to a short-term price increase. However, revenue challenges may temper expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100