3M (MMM) Q2 earnings: revenue expected to decline 2.4% YoY to $6.10 billion, adjusted earnings at $2.01 per share. Analysts have grown bearish, with 5 downward revisions in the last 30 days. 3M has missed revenue estimates four times in the last two years.
3M Company (MMM) is scheduled to release its second-quarter 2025 earnings results on July 18, before market open. Analysts expect the company's revenue to decline by 2.4% year-over-year (YoY) to $6.10 billion, while adjusted earnings per share (EPS) are anticipated to reach $2.01 [1].
The upcoming report from 3M (MMM) is expected to reveal quarterly earnings of $2.01 per share, indicating an increase of 4.2% compared to the year-ago period. Analysts forecast revenues of $6.11 billion, representing a decline of 2.4% year-over-year. The current level reflects an upward revision of 1.4% in the consensus EPS estimate for the quarter over the past 30 days [2].
3M has been undertaking several restructuring actions that include streamlining the geographic footprint, simplifying the supply chain, and optimizing manufacturing roles to align with production volumes. These restructuring actions are expected to have lowered operational costs and improved margins in the to-be-reported quarter. However, weakness in the command and packaging expression businesses is likely to have weighed on 3M’s Consumer segment in the second quarter. Also, softness in the auto OEM business due to low auto build rates in Europe and the US is likely to hurt the company’s results [1].
Given 3M’s extensive geographic presence, its operations are subject to global political risks and foreign exchange headwinds. A stronger U.S. dollar is likely to have hurt MMM's overseas business in the quarter [1].
The Zacks Consensus Estimate for the company’s second-quarter revenues is pegged at $6.12 billion, indicating a decrease of 2.2% from the year-ago quarter’s figure. The consensus estimate for adjusted earnings is pegged at $2.01 per share, indicating a 4.2% increase from the year-ago quarter’s number [1].
Analysts have grown bearish, with 5 downward revisions in the last 30 days. 3M has missed revenue estimates four times in the last two years [2].
References:
[1] https://www.theglobeandmail.com/investing/markets/stocks/HON/pressreleases/33440912/mmm-gears-up-to-post-q2-earnings-what-lies-ahead-for-the-stock/
[2] https://finance.yahoo.com/news/insights-3m-mmm-q2-wall-131502028.html
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