Skip to main content

Earnings To Watch: 3M (MMM) Reports Q1 Results Tomorrow

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

MMM Cover Image

Industrial conglomerate 3M (NYSE: MMM) will be reporting results this Tuesday morning. Here’s what to expect.

3M beat analysts’ revenue expectations last quarter, reporting revenues of $6.02 billion, up 3.7% year on year. It was a mixed quarter for the company, with a solid beat of analysts’ revenue estimates but a slight miss of analysts’ adjusted operating income estimates.

Is 3M a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting 3M’s revenue to grow 3.9% year on year, improving from its flat revenue in the same quarter last year.

3M Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. 3M rarely misses Wall Street’s revenue estimates.

Looking at 3M’s peers in the industrial machinery segment, only Worthington has reported results so far. It exceeded analysts’ revenue estimates, delivering year-on-year sales growth of 24.4%. The stock was down 4.6% on the results.

Read our full analysis of Worthington’s earnings results here.

There has been positive sentiment among investors in the industrial machinery segment, with share prices up 10.3% on average over the last month. 3M is up 5.8% during the same time and is heading into earnings with an average analyst price target of $174.67 (compared to the current share price of $155).

WHILE YOU’RE HERE: The Next Palantir? One satellite company captures images of every point on Earth. Every single day. The Pentagon wants it. Hedge funds are using it to beat earnings. You’ve probably never heard of it.

This is what the early days of Palantir looked like before it became a $437 billion giant. Same playbook. Different technology. If you missed Palantir, you need to see this. Claim The Stock Ticker for Free HERE.

Report this content

If you believe this article contains misleading, harmful, or spam content, please let us know.

Report this article

Recent Quotes

View More
Symbol Price Change (%)
AMZN  250.56
+0.86 (0.34%)
AAPL  270.23
+6.83 (2.59%)
AMD  278.39
+0.13 (0.05%)
BAC  53.91
+0.40 (0.75%)
GOOG  339.40
+6.63 (1.99%)
META  688.55
+11.68 (1.73%)
MSFT  422.79
+2.53 (0.60%)
NVDA  201.68
+3.33 (1.68%)
ORCL  175.06
-3.28 (-1.84%)
TSLA  400.62
+11.72 (3.01%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.