3M will announce its earnings results on Tuesday morning. Analysts expect revenue to grow 4% year over year, an improvement from the 2.3% increase recorded in the same quarter last year. The company met revenue expectations last quarter with $6.00 billion, up 3.9% year on year, though it slightly missed organic revenue estimates and full-year EPS guidance. 3M shares are down 2.2% over the last month, heading into earnings with an average analyst price target of $171.49 compared to the current share price of $159.63.
3M CompanyEarnings report expected with 4% revenue growth, but prior quarter missed organic revenue estimates and full-year EPS guidance; stock down 2.2% over last month.