Analysts Estimate McCormick (MKC) to Report a Decline in Earnings: What to Look Out for

Company Overview - McCormick (MKC) is expected to report quarterly earnings of $0.65 per share, reflecting a year-over-year decline of 5.8% [3] - Revenues are anticipated to be $1.66 billion, which is a 1.2% increase from the previous year [3] Earnings Expectations - Wall Street anticipates a year-over-year decline in earnings despite higher revenues, indicating a focus on how actual results compare to estimates [1] - The consensus EPS estimate has been revised down by 0.11% over the last 30 days, suggesting a bearish sentiment among analysts [4] Earnings Surprise Prediction - The Most Accurate Estimate for McCormick is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -1.19%, indicating a challenging outlook for beating estimates [12] - The stock currently holds a Zacks Rank of 4 (Sell), complicating predictions for an earnings beat [12] Historical Performance - In the last reported quarter, McCormick was expected to post earnings of $0.64 per share but delivered only $0.60, resulting in a surprise of -6.25% [13] - Over the past four quarters, McCormick has beaten consensus EPS estimates three times [14] Industry Context - General Mills (GIS), a competitor in the Zacks Food - Miscellaneous industry, is expected to report earnings of $0.71 per share, reflecting a significant year-over-year decline of 29.7% [19] - General Mills has an Earnings ESP of 0.80% but also holds a Zacks Rank of 4 (Sell), making predictions for an earnings beat difficult [20]