BUZZ-PREVIEW: McCormick & Co shares dip; Q1 EPS, revenue seen rising slightly

Reuters
03-25
BUZZ-PREVIEW: McCormick & Co shares dip; Q1 EPS, revenue seen rising slightly

** Shares in spice and condiments co McCormick & Co MKC.N slip 0.3%; due to report fiscal Q1 results early on Tuesday

** Wall St sees MKC reporting adj. EPS of $0.64 vs $0.63 in year-ago quarter on revenue of $1.61 bln vs $1.60 bln year-ago, according to LSEG

** In last 8 quarters, EPS met or beat estimates every time while revenue met or beat just 5 times

** In Jan, MKC forecast annual sales and profit below analyst estimates, on flat-to-low demand for its spices, condiments, especially in China, as well as higher marketing expenses.

** MKC last traded at $79.90 vs median PT of $83.70, down from $84.50 two months ago, according to data compiled by LSEG, which shows 17 analyst ratings: 4 'strong buy,' 3 'buy,' 9 'hold' and 1 'sell'

** Shares up ~4.9% YTD after rising 11.4% in 2024 vs a ~1.6% gain YTD for consumer staples index .SPLRCS, which rose ~12% in 2024

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10