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

Core Insights - The upcoming earnings report for 3M (MMM) is projected to show quarterly earnings of $2.01 per share, reflecting a 4.2% increase year-over-year, while revenues are expected to decline by 2.4% to $6.11 billion [1] - Analysts have revised their consensus EPS estimate upward by 1.4% over the past 30 days, indicating a collective reassessment of projections [1][2] Financial Metrics - Analysts estimate 'Net Sales- Safety and Industrial' to be $2.78 billion, representing a 0.9% increase from the previous year [3] - The forecast for 'Net Sales- Corporate and Unallocated' is $85.00 million, indicating a year-over-year decline of 1.2% [4] - 'Net Sales- Consumer' is expected to reach $1.27 billion, showing a 0.8% increase compared to the same quarter last year [4] Operating Income Estimates - The 'Operating Income (non-GAAP measures)- Consumer' is projected at $264.25 million, up from $219.00 million reported in the same quarter last year [5] - 'Operating Income (non-GAAP measures)- Transportation and Electronics' is expected to be $465.99 million, compared to $426.00 million in the same quarter last year [5] - The consensus for 'Operating Income (non-GAAP measures)- Safety and Industrial' stands at $730.60 million, up from $623.00 million reported in the same quarter of the previous year [6] Stock Performance - Over the past month, 3M shares have returned +8.9%, outperforming the Zacks S&P 500 composite's +5% change [6] - Currently, 3M holds a Zacks Rank 2 (Buy), suggesting potential outperformance in the near future [6]