3M Company (MMM) is scheduled to release fourth-quarter 2024 results on Jan. 21, before market open. The Zacks Consensus Estimate for earnings is currently pegged at $1.66 per share on revenues of $5.79 billion.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Fourth-quarter earnings estimates have been revised upward by a penny over the past seven days. However, the bottom-line projection indicates a decrease of 31.4% from the year-ago number. The Zacks Consensus Estimate for quarter ...

3M (MMM -0.32%) stock is rebounding off the lows, but that doesn't mean it cannot be undervalued.*Stock prices used were the afternoon prices of Jan. 13, 2025. The video was published on Jan. 15, 2025. ...

Analysts on Wall Street project that 3M (MMM) will announce quarterly earnings of $1.66 per share in its forthcoming report, representing a decline of 31.4% year over year. Revenues are projected to reach $5.79 billion, declining 27.7% from the same quarter last year.Over the last 30 days, there has been a downward revision of 4.5% 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 ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends 3M. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

3M and Discovery Education open submissions to the 2025 Young Scientist ChallengeST. PAUL, Minn. and CHARLOTTE, N.C., Jan. 14, 2025 /PRNewswire/ -- 3M (@3M) and Discovery Education (@DiscoveryEd) today announced that the 2025 3M Young Scientist Challenge is now open to entries. As the nation's premier middle school science competition, the annual 3M Young Scientist Challenge invites students in grades 5-8 to compete for an exclusive mentorship with a 3M scientist, a $25,000 grand prize, and the chance to ea ...

This former Dividend King isn't out of the woods yet.3M (MMM 2.58%) was once a dependable dividend stock for conservative investors. The diversified conglomerate sold a broad range of industrial, worker safety, and consumer goods, and it was a Dividend King that consistently raised its dividend annually for more than 50 years. It's also been in the S&P 500 since the index's inception in 1957.But over the past three years, 3M's stock declined about 12% as the S&P 500 rose 25%. It struggled with sluggish sale ...

Valuation - 3M is currently trading at a forward 12-month P/E ratio of 17.13X, higher than the industry's 15.11X and its five-year median of 15.05X [1][3] - The stock is overvalued compared to its peer Carlisle Companies Incorporated, which trades at 16.46X [3] - The company's premium valuation raises concerns given its revenue declines over the past nine months [3] Price Performance - 3M stock has lost 0.2% in the past three months, outperforming the industry's 14.2% decline but underperforming the S&P 500's 2.7% gain [5] - The company has also underperformed other industry players like Honeywell International Inc (1.9% return) and Griffon Corporation (6% return) [5] Challenges - Weakness in consumer retail end markets has led to a 1.2% decline in the Consumer segment in Q3 2024, following a 2.4% decrease in the previous quarter [8] - Overall revenue for the first nine months of 2024 declined 0.2% year-over-year [9] - High debt levels remain a concern, with long-term debt at $11.3 billion and interest expenses increasing 64.5% year-over-year to $939 million in the first nine months of 2024 [10] - The company's long-term debt-to-capital ratio of 70.69% is significantly higher than the industry's 25.83% [11] - Ongoing litigations, including the $6 billion Combat Arms Earplug settlement, pose additional financial risks [14] - Adverse currency fluctuations lowered sales by 0.3% year-over-year in Q3 2024 [15] Earnings Estimates - Earnings estimates for Q4 2024 and 2025 have been revised downward by 0.6% and 0.4%, respectively, over the past 30 days [16] Strengths - The Safety and Industrial segment is benefiting from strong momentum in industrial adhesives and tape end markets, driven by increased sales of bonding solutions for electronic devices [17] - The Transportation and Electronics segment is being driven by strength in commercial branding and transportation end markets, supported by solid electronics demand [18] Conclusion - 3M's market leadership, diversified product portfolio, and strong dealer network provide a competitive advantage in industrial and transportation markets [19] - However, challenges such as retail market weakness, high debt levels, and litigation cases continue to weigh on the company [19]

Company Overview - 3M is undergoing a significant restructuring under CEO Bill Brown, aiming to rejuvenate the company's fortunes and release shareholder value [1] - The company has historically relied on R&D to produce innovative and differentiated products with natural pricing power, but has struggled with sales growth over the past decade [4][5] - Previous management focused on revamping the healthcare business, but the success of these efforts is debatable [5] Financial Performance - Sales for the first nine months of 2024 were $18,565 million, a slight decline of 0.2% compared to the same period in 2023 [10] - Adjusted operating margin improved by 380 basis points to 22% in the first nine months of 2024, with adjusted operating profit increasing by 22% to $3,923 million [10] Restructuring and Strategic Initiatives - Former CEO Mike Roman implemented a series of restructuring actions, including job cuts, pruning 5% of less profitable consumer products sales, and reducing management layers, which benefited the company in 2024 [8] - The healthcare business was spun off in 2024, setting the stage for growth in 2025 [9] - CEO Bill Brown plans to revitalize new product introductions (NPIs) through focused long-term investment and fast-tracking product-line extensions [10] - Brown aims to improve 3M's ability to deliver on time in full (OTIF) and consolidate 25,000 suppliers to improve productivity by 2% [10] Growth Potential - The company has significant upside potential with limited downside, driven by improved R&D pipeline, renewed focus on the industrial business, and operational improvements [1][12] - The restructuring has demonstrably improved margins, and Brown is addressing fundamental issues that have prevented 3M from realizing its full potential [11] - The company's machinery assets are currently underutilized at 50%, with plans to increase utilization to best-in-class levels of 80% or higher [10] Peer Comparison - Illinois Tool Works, a peer company, successfully expanded its profit margin and achieved significant stock price appreciation after a business-model change, serving as a potential benchmark for 3M's restructuring efforts [2][3] - Unlike Illinois Tool Works, which relies on a "customer back" approach, 3M focuses on R&D-driven innovation [4]

Analyst Background - The analyst is a full-time professional with a focus on a wide range of stocks, aiming to provide unique insights and contrasting views based on their specific background [1] Disclosure and Independence - The analyst has no stock, option, or derivative positions in any mentioned companies and no plans to initiate such positions within the next 72 hours [2] - The analysis is independent, with no compensation received other than from Seeking Alpha, and no business relationships with any mentioned companies [2] Purpose of Analysis - The analysis is provided for informational purposes only and should not be considered professional investment advice [3] - Investors are advised to conduct personal research and due diligence before making any investment decisions [3] Seeking Alpha's Role - Seeking Alpha is not a licensed securities dealer, broker, or investment adviser, and the views expressed may not reflect those of Seeking Alpha as a whole [4] - Analysts on Seeking Alpha include both professional and individual investors who may not be licensed or certified by any regulatory body [4]

Core Insights - 3M (NYSE: MMM) experienced a significant rally mid-year, achieving its best earning-day reaction in the company's history, but the momentum has recently stalled [1] - Despite the recent slowdown, 3M shares are still up more than 45% in total return for 2024 [1] Company Performance - The company is based in Minnesota and is a key player in the Industrials sector [1] - The stock's performance indicates strong investor interest and market confidence earlier in the year, although it has faced challenges in maintaining that growth [1]