Insights Into 3M (MMM) Q2: Wall Street Projections for Key Metrics

The upcoming report from 3M (MMM) is expected to reveal quarterly earnings of $2.01 per share, indicating an increase of 4.2% compared to the year-ago period. Analysts forecast revenues of $6.11 billion, representing a decline of 2.4% year over year.The current level reflects an upward revision of 1.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.That said, let's delve into the average estimates of some 3M metrics that Wall Street analysts commonly model and monitor.Analysts expect 'Net Sales- Safety and Industrial' to come in at $2.78 billion. The estimate indicates a change of +0.9% from the prior-year quarter.Analysts forecast 'Net Sales- Corporate and Unallocated' to reach $85.00 million. The estimate indicates a year-over-year change of -1.2%.Based on the collective assessment of analysts, 'Net Sales- Consumer' should arrive at $1.27 billion. The estimate points to a change of +0.8% from the year-ago quarter.Analysts predict that the 'Operating Income (non-GAAP measures)- Consumer' will reach $264.25 million. Compared to the present estimate, the company reported $219.00 million in the same quarter last year.The combined assessment of analysts suggests that 'Operating Income (non-GAAP measures)- Transportation and Electronics' will likely reach $465.99 million. Compared to the present estimate, the company reported $426.00 million in the same quarter last year.The consensus estimate for 'Operating Income (non-GAAP measures)- Safety and Industrial' stands at $730.60 million. Compared to the current estimate, the company reported $623.00 million in the same quarter of the previous year. View all Key Company Metrics for 3M here>>> Over the past month, shares of 3M have returned +8.9% versus the Zacks S&P 500 composite's +5% change. Currently, MMM carries a Zacks Rank #2 (Buy), suggesting that it may outperform. the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.5% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report 3M Company (MMM): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks