Core Viewpoint - Analysts project that McCormick (MKC) will report quarterly earnings of $0.88 per share, reflecting a 10% year-over-year increase, with revenues expected to reach $1.85 billion, a 2.6% increase from the same quarter last year [1]. Earnings Estimates - Over the last 30 days, the consensus EPS estimate for the quarter has been revised downward by 2.9%, indicating a collective reassessment by covering analysts [2]. - Revisions to earnings estimates are crucial indicators for predicting potential investor actions regarding the stock, with empirical research showing a strong correlation between earnings estimate trends and short-term stock price performance [3]. Key Metrics Forecast - Analysts predict 'Net Sales- Flavor Solutions' will reach $725.28 million, representing a year-over-year change of +1.7% [5]. - The estimated 'Net Sales- Consumer' is projected at $1.12 billion, indicating a year-over-year change of +2.8% [5]. - 'Operating income excluding special charges and transaction and integration expenses- Flavor Solutions' is expected to reach $93.29 million, up from $80.00 million in the previous year [6]. - 'Operating income excluding special charges and transaction and integration expenses- Consumer' is projected at $241.22 million, compared to $228.00 million last year [6]. Stock Performance - McCormick shares have experienced a +0.4% change over the past month, while the Zacks S&P 500 composite has moved +2% [7]. - With a Zacks Rank 2 (Buy), McCormick is expected to outperform the overall market in the near future [7].
Seeking Clues to McCormick (MKC) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics