On Tuesday 22nd October 2024, 3M Company (NYSE: MMM) will be releasing its third quarter financial results. This much awaited announcement will be made before market open.
Financial analysts on Wall Street are predicting that the firm is expected to report an estimated per share $1.90 profit for the current quarter. Additionally, the company is anticipated to reveal a total revenue of $6.06 billion during this period.
Looking back at the corresponding quarter from the previous year, the company's earnings report revealed a per-share income of $2.68. This notable figure was attributed to the company's total revenue, which settled at an impressive $8.02 billion during that specific quarter.
Wall Street analysts have revealed their projections for the company's yearly performance, with a total revenue of $23.62 billion. Furthermore, they expect the business to achieve profit of $7.26 per share during the fiscal year.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $1.93 | -11.1% | 6.02 B | -24.7% |
| Q1 2024 | $2.39 | +21.3% | 7.72 B | -3.8% |
| Q4 2023 | $2.42 | +6.1% | 7.69 B | -4.8% |
| Q3 2023 | $2.68 | -0.4% | 8.02 B | -6.9% |
| Q2 2023 | $2.17 | -12.5% | 7.99 B | -8.1% |
| *Growth on year-over-year basis | ||||
MMM will host a conference call with investment community on 22nd October 2024 at 09:00 AM eastern time to discuss the financial results.
Throughout Friday's trading, 3M Company (MMM) shares fluctuated between $134.29 and $136.12, with a trading volume of 2.79 million shares. The stock ended the regular trading session at $135.14, reflecting decline of 0.4 percent.
