McCormick (NYS: MKC) is expected to report Q3 earnings around Sep. 26. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict McCormick's revenues will grow 7.6% and EPS will grow 10.1%.
The average estimate for revenue is $990.5 million. On the bottom line, the average EPS estimate is $0.76.
Last quarter, McCormick logged revenue of $984.0 million. GAAP reported sales were 11% higher than the prior-year quarter's $883.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.60. GAAP EPS of $0.60 for Q2 were 9.1% higher than the prior-year quarter's $0.55 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 39.5%, 20 basis points worse than the prior-year quarter. Operating margin was 12.3%, 10 basis points worse than the prior-year quarter. Net margin was 8.2%, 10 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $4.05 billion. The average EPS estimate is $3.05.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 378 members out of 393 rating the stock outperform, and 15 members rating it underperform. Among 137 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 133 give McCormick a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on McCormick is outperform, with an average price target of $58.42.
Add McCormick to My Watchlist.
The article What to Expect from McCormick originally appeared on Fool.com.
Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Motley Fool newsletter services recommend McCormick & Company. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.