MMM Earnings Prediction
The chart below shows how MMM performed 10 days before and after its earnings report, based on data from the past quarters. Typically, MMM sees a -2.40% change in stock price 10 days leading up to the earnings, and a +0.03% change 10 days following the report. On the earnings day itself, the stock moves by +2.24%. This data can give you a slight idea of what to expect for the next quarter's release.
MMM Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
6.29B
-24.28%
0.62%
Gross Margin
42.36%
-5.76%
-1.35%
Operating Margin
25.33%
9.61%
-32.15%
Net Margin
21.86%
187.72%
13.03%
EPS
2.48
166.31%
20.39%
No Data Available
MMM Earnings Analysis
3M Co Corporation (MMM.N) Earnings Conference Call
Positive
Earnings Per Share Growth: Non-GAAP earnings per share increased by 18% to $1.98, supported by 1% organic revenue growth, demonstrating strong financial performance.
Operating Margin Expansion: Operating margins expanded by 140 basis points to 23%, reflecting improved operational efficiency and productivity initiatives.
Strong Cash Generation: Free cash flow reached $1.5 billion with a conversion rate of 141%, highlighting robust cash generation capabilities.
Shareholder Returns Commitment: Shareholder returns totaled $1.1 billion through dividends and share repurchases, reinforcing commitment to returning value to investors.
Earnings Guidance Increase: The company raised the lower end of its full-year earnings guidance by $0.20, now expecting a range of $7.20 to $7.30 per share, indicating confidence in continued performance.
Negative
Stagnant Organic Sales Growth: Organic sales growth was only 1% in Q3, indicating a stagnation in revenue generation despite efforts to improve operational performance.
Consumer Sales Decline: The Consumer business experienced a decline of 0.7% in organic sales, with a significant 2.3 percentage point headwind from portfolio prioritization, reflecting ongoing challenges in this segment.
Factory Utilization Inefficiencies: Utilization rates in factories averaged around 50%, significantly below best-in-class companies, indicating inefficiencies in production capacity and potential lost revenue opportunities.
Forecast Accuracy Challenges: Forecast accuracy has been running in the mid-sixty percent range, 10 to 15 points below expectations, which has negatively impacted inventory management and on-time delivery to customers.
Profitability Pressures Ahead: The company faced a headwind of approximately $0.30 per share from lower interest income and higher pension expenses, which could pressure overall profitability moving forward.
MMM FAQs
How does MMM typically perform around its earnings report dates?
Is Earnings call transcript: 3M Q3 2024 shows steady growth, innovation focus positive or negative?
How can historical earnings data help predict future stock performance?
MMM Earning Call Sentiment
Earnings call transcript: 3M Q3 2024 shows steady growth, innovation focus
MMM.N
1.4%Positive
The earnings call presents a mixed picture: strong financial performance with a 30% increase in adjusted EPS and robust cash flow, but only 1% organic growth and challenges in innovation and employee engagement. The Q&A highlights concerns about insurance recoveries and employee return to office. Despite positive shareholder returns and raised EPS guidance, the lack of significant growth and potential legal risks balance the sentiment, leading to a neutral outlook.