3M
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict 3M's revenues will grow 1.3% and EPS will expand 8.6%.
The average estimate for revenue is $7.63 billion. On the bottom line, the average EPS estimate is $1.65.
Revenue details
Last quarter, 3M reported revenue of $7.53 billion. GAAP reported sales were 1.9% lower than the prior-year quarter's $7.68 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
Last quarter, EPS came in at $1.66. GAAP EPS of $1.66 for Q2 were 3.7% higher than the prior-year quarter's $1.60 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Recent performance
For the preceding quarter, gross margin was 48.6%, 120 basis points better than the prior-year quarter. Operating margin was 22.9%, 140 basis points better than the prior-year quarter. Net margin was 15.5%, 40 basis points better than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $30.02 billion. The average EPS estimate is $6.41.
Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 4,428 members out of 4,576 rating the stock outperform, and 148 members rating it underperform. Among 1,276 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,256 give 3M a green thumbs-up, and 20 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on 3M is outperform, with an average price target of $96.12.
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