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 increase 4.4%.
The average estimate for revenue is $7.18 billion. On the bottom line, the average EPS estimate is $1.41.
Last quarter, 3M reported revenue of $7.50 billion. GAAP reported sales were 0.5% lower than the prior-year quarter's $7.53 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $1.65. GAAP EPS of $1.65 for Q3 were 8.6% higher than the prior-year quarter's $1.52 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 47.5%, 100 basis points better than the prior-year quarter. Operating margin was 22.4%, 140 basis points better than the prior-year quarter. Net margin was 15.5%, 110 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $29.74 billion. The average EPS estimate is $6.32.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 4,438 members out of 4,587 rating the stock outperform, and 149 members rating it underperform. Among 1,397 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,379 give 3M a green thumbs-up, and 18 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 $98.71.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool recommends 3M and recommends the following options:Long Jan 2014 $65 Calls on 3M. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.