McCormick (MKC) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for McCormick despite lower revenues, with a focus on how actual results compare to estimates impacting stock price [1][2] Earnings Expectations - McCormick is expected to report quarterly earnings of $0.67 per share, reflecting a year-over-year increase of 3.1% [3] - Revenue is projected to be $1.66 billion, a decrease of 1.2% from the same quarter last year [3] Estimate Revisions - The consensus EPS estimate has been revised 0.2% higher in the last 30 days, indicating a slight positive reassessment by analysts [4] - The Most Accurate Estimate for McCormick is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -1.79%, suggesting a bearish outlook from analysts [10] Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive reading is a strong predictor of an earnings beat, particularly when combined with a strong Zacks Rank [8] - McCormick currently holds a Zacks Rank of 2, but the negative Earnings ESP complicates predictions of an earnings beat [10] Historical Performance - In the last reported quarter, McCormick exceeded earnings expectations by delivering $0.69 per share against an expected $0.59, resulting in a surprise of 16.95% [11] - Over the past four quarters, McCormick has beaten consensus EPS estimates three times [12] Conclusion - While McCormick may not be a compelling candidate for an earnings beat, investors should consider other factors influencing stock performance ahead of the earnings release [15]