Key Takeaways:
- Analysts predict 3M's earnings per share to drop by 25.9% in Q1.
- The company's revenue is expected to decrease by 25.6% to $5.73 billion.
- Despite current challenges, analysts have a positive long-term outlook on 3M.
3M (MMM, Financial) is preparing to unveil its Q1 earnings report, drawing significant attention from investors eager to understand how legal expenses and trade uncertainties will impact the company's performance. Analysts anticipate a notable decrease in the financials, with earnings per share (EPS) forecasted to fall by 25.9% to $1.77, alongside a 25.6% decline in revenue, potentially reaching $5.73 billion. Despite these hurdles, there remains a sentiment of optimism for the company's long-term potential.
Wall Street Analysts Forecast
Analyst predictions provide a varied outlook for 3M Co (MMM, Financial). The average price target, as projected by 15 analysts, stands at $150.96. This estimate encompasses a range from a high of $184.00 to a low of $98.00. If the average target is realized, it would represent a 19.64% increase from the current share price of $126.17. For more details on these projections, visit the 3M Co (MMM) Forecast page.
The consensus from 19 brokerage firms positions 3M Co (MMM, Financial) at an average brokerage recommendation of 2.3. This score indicates an "Outperform" status on a scale ranging from 1 (Strong Buy) to 5 (Sell), highlighting a generally favorable outlook among analysts.
According to GuruFocus metrics, the estimated GF Value for 3M Co (MMM, Financial) in the coming year is $88.15, suggesting a potential downside of 30.13% from the current trading price of $126.17. The GF Value is GuruFocus' assessment of what the stock's fair price should be, derived from historical trading multiples, past growth, and projections for future performance. For a deeper dive into these figures, consider visiting the 3M Co (MMM) Summary page.
