Over the last month, the shares of 3M Company, known for producing post-it notes, industrial coatings, and ceramics, have shown a modest return of +0.7%.
While media reports or rumors about substantial changes in a company's business prospects can cause short-term trends and immediate price fluctuations, the ultimate decision to buy and hold a stock is often driven by fundamental factors. For 3M, analysts expect earnings of $1.65 per share for the current quarter, reflecting a year-over-year decrease of -33.5%. The consensus earnings estimate for the current fiscal year is $8.73, indicating a year-over-year change of -13.6%. This estimate has seen a slight decline of -0.1% over the past 30 days.
Looking ahead to the next fiscal year, the consensus earnings estimate is $9.54, projecting a growth of +9.4% compared to the previous year's earnings for 3M. This estimate has increased by +0.3% in the last month.
While earnings growth is a crucial financial indicator, sustainable growth in revenue is equally vital for a company's financial health. Without an increase in revenues over time, it becomes challenging for a company to maintain earnings growth. Therefore, understanding a company's potential revenue growth is essential.
For 3M, the consensus sales estimate for the current quarter is $7.95 billion, implying a year-over-year change of -8.6%. The estimates for the current and next fiscal years stand at $32.11 billion and $33.35 billion, respectively, representing changes of -6.2% and +3.8%.
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While media reports or rumors about substantial changes in a company's business prospects can cause short-term trends and immediate price fluctuations, the ultimate decision to buy and hold a stock is often driven by fundamental factors. For 3M, analysts expect earnings of $1.65 per share for the current quarter, reflecting a year-over-year decrease of -33.5%. The consensus earnings estimate for the current fiscal year is $8.73, indicating a year-over-year change of -13.6%. This estimate has seen a slight decline of -0.1% over the past 30 days.
Looking ahead to the next fiscal year, the consensus earnings estimate is $9.54, projecting a growth of +9.4% compared to the previous year's earnings for 3M. This estimate has increased by +0.3% in the last month.
While earnings growth is a crucial financial indicator, sustainable growth in revenue is equally vital for a company's financial health. Without an increase in revenues over time, it becomes challenging for a company to maintain earnings growth. Therefore, understanding a company's potential revenue growth is essential.
For 3M, the consensus sales estimate for the current quarter is $7.95 billion, implying a year-over-year change of -8.6%. The estimates for the current and next fiscal years stand at $32.11 billion and $33.35 billion, respectively, representing changes of -6.2% and +3.8%.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.