Seeking Clues to McCormick (MKC) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics
Analysts on Wall Street project that McCormick (MKC) will announce quarterly earnings of $0.88 per share in its forthcoming report, representing an increase of 10% year over year. Revenues are projected to reach $1.85 billion, increasing 2.6% from the same quarter last year.Over the last 30 days, there has been a downward revision of 2.9% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.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.Given this perspective, it's time to examine the average forecasts of specific McCormick metrics that are routinely monitored and predicted by Wall Street analysts.Analysts predict that the 'Net Sales- Flavor Solutions' will reach $725.28 million. The estimate points to a change of +1.7% from the year-ago quarter.The collective assessment of analysts points to an estimated 'Net Sales- Consumer' of $1.12 billion. The estimate indicates a year-over-year change of +2.8%.Analysts' assessment points toward 'Operating income excluding special charges and transaction and integration expenses- Flavor Solutions' reaching $93.29 million. The estimate is in contrast to the year-ago figure of $80.00 million.It is projected by analysts that the 'Operating income excluding special charges and transaction and integration expenses- Consumer' will reach $241.22 million. The estimate is in contrast to the year-ago figure of $228.00 million. View all Key Company Metrics for McCormick here>>> Shares of McCormick have experienced a change of +0.4% in the past month compared to the +2% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), MKC is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .Quantum Computing Stocks Set To SoarArtificial intelligence has already reshaped the investment landscape, and its convergence with quantum computing could lead to the most significant wealth-building opportunities of our time.Today, you have a chance to position your portfolio at the forefront of this technological revolution. In our urgent special report, Beyond AI: The Quantum Leap in Computing Power, you'll discover the little-known stocks we believe will win the quantum computing race and deliver massive gains to early investors.Access the Report Free 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 McCormick & Company, Incorporated (MKC): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks
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