The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict McCormick's revenues will increase 4.9% and EPS will expand 12.7%.
The average estimate for revenue is $951.4 million. On the bottom line, the average EPS estimate is $0.62.
Last quarter, McCormick reported revenue of $1.15 billion. GAAP reported sales were 3.2% higher than the prior-year quarter's $1.11 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 $1.11. GAAP EPS of $1.11 for Q4 were 13% higher than the prior-year quarter's $0.98 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 42.1%, 100 basis points worse than the prior-year quarter. Operating margin was 17.5%, 40 basis points worse than the prior-year quarter. Net margin was 13.0%, 110 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $4.29 billion. The average EPS estimate is $3.33.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 393 members out of 409 rating the stock outperform, and 16 members rating it underperform. Among 160 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 157 give McCormick a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on McCormick is hold, with an average price target of $64.33.
Can your portfolio provide you with enough income to last through retirement? You'll need more than McCormick. Learn how to maximize your investment income and "Secure Your Future With 9 Rock-Solid Dividend Stocks." Click here for instant access to this free report.
- Add McCormick to My Watchlist.
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 McCormick & Company. 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.