3M Earnings Estimate

MMM
 Stock
  

USD 148.48  1.07  0.73%   

Many public companies, such as 3M, manage the perception of their earnings on a regular basis to make sure that analyst estimates are accurate. Future earnings calculations are also an essential input when attempting to value a firm. By analyzing 3M's earnings estimates, investors can diagnose different trends across 3M's analyst sentiment over time as well as compare current estimates against different timeframes.
3M is projected to generate 9.85 in earnings per share on the 31st of December 2021. 3M earnings estimates module stress-tests analyst consensus about projected 3M Company EPS (Earning Per Share) to derive its highest and lowest estimates based on its historical volatility. Additionally, see Stocks Correlation.
  
Gross Profit is expected to hike to about 17.5 B this year. Profit Margin is expected to hike to 0.18 this year

3M Earnings Estimation Breakdown

Calculation of earning per share of 3M Company is based on official Zacks consensus of 5 analysts regarding 3M future annual earnings. Given the historical accuracy of 94.58%, the future earnings per share of 3M is estimated to be 9.85 with the lowest and highest values of 9.75 and 9.9, respectively. Please note that this consensus of annual earnings estimates for 3M Company is an estimate of EPS before non-recurring items and including employee stock options expenses
  Current EPS 7.16
9.75
Lowest
Expected EPS 9.85
9.90
Highest

3M Earnings Projection Consensus

Suppose the current estimates of 3M's value are higher than the current market price of the 3M stock. In this case, investors may conclude that 3M is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and 3M's stock will quickly adjusts to the new information provided by the consensus estimate.
Number of AnalystsHistorical AccuracyCurrent EPSEPS Estimate for 31st of December 2021

5

94.58%

7.16

9.85

3M Earnings History

Earnings estimate consensus by 3M Company analysts from Wall Street is used by the market to judge 3M's stock performance. The investors also use these earnings estimates to evaluate and project the stock performance into the future in order to make their investment decisions. However, we recommend analyzing not only 3M's upcoming profit reports and earnings-per-share forecasts but also compare them to our different valuation methods.

3M Quarterly Earnings Before Interest Taxes and Depreciation Amortization EBITDA

517 Million

3M Earning Before Interest and Taxes EBIT is relatively stable at the moment as compared to the past year. The company's current value of Earning Before Interest and Taxes EBIT is estimated at 7.71 Billion. Price to Earnings Ratio is expected to hike to 20.68 this year, although the value of Earnings per Basic Share will most likely fall to 10.00. The value of Weighted Average Shares is estimated to pull down to about 568.2 M. The value of Weighted Average Shares Diluted is expected to pull down to about 576 M.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of 3M's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of 3M in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
146.99148.50150.01
Details
Intrinsic
Valuation
LowReal ValueHigh
133.63161.09162.60
Details
Naive
Forecast
LowNext ValueHigh
147.13148.64150.15
Details
15 Analysts
Consensus
LowTarget PriceHigh
172.00188.54215.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as 3M. Your research has to be compared to or analyzed against 3M's peers to derive any actionable benefits. When done correctly, 3M's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in 3M Company.
Note that many institutional investors and large investment bankers can move markets due to the volume of 3M assets they manage. They also follow analysts to some degree and often drive overall investor sentiments towards 3M. With so many stockholders watching consensus numbers, the difference between actual and projected earnings is one of the most critical factors driving 3M stock price in the short term.

3M Earnings per Share Projection vs Actual

Actual Earning per Share of 3M refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering 3M Company predict the company's earnings will be in the future. The higher the earnings per share of 3M, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.

3M Estimated Earnings per Share

For an investor who is primarily interested in generating an income out of investing in entities such as 3M, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of 3M should always be considered in relation to other companies to make a more educated investment decision.

3M Quarterly Analyst Estimates and Surprise Metrics

Earnings surprises can significantly impact 3M's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2022-07-26
2022-06-302.422.480.06
2022-04-26
2022-03-312.312.650.3414 
2022-01-25
2021-12-312.012.310.314 
2021-10-26
2021-09-302.212.450.2410 
2021-07-27
2021-06-302.282.590.3113 
2021-04-27
2021-03-312.292.770.4820 
2021-01-26
2020-12-312.152.380.2310 
2020-10-27
2020-09-302.262.430.17
2020-07-28
2020-06-301.81.78-0.02
2020-04-28
2020-03-312.032.160.13
2020-01-28
2019-12-312.12.150.05
2019-10-24
2019-09-302.492.580.09
2019-07-25
2019-06-302.052.130.08
2019-04-25
2019-03-312.492.23-0.2610 
2019-01-29
2018-12-312.282.310.03
2018-10-23
2018-09-302.72.58-0.12
2018-07-24
2018-06-302.582.590.01
2018-04-24
2018-03-312.52.50
2018-01-25
2017-12-312.012.10.09
2017-10-24
2017-09-302.212.330.12
2017-07-25
2017-06-302.542.580.04
2017-04-25
2017-03-312.062.160.1
2017-01-24
2016-12-311.871.880.01
2016-10-25
2016-09-302.142.150.01
2016-07-26
2016-06-302.072.080.01
2016-04-26
2016-03-311.922.050.13
2016-01-26
2015-12-311.631.660.03
2015-10-22
2015-09-3022.050.05
2015-07-23
2015-06-3022.020.02
2015-04-23
2015-03-311.931.85-0.08
2015-01-27
2014-12-311.81.810.01
2014-10-23
2014-09-301.961.980.02
2014-07-24
2014-06-301.911.910
2014-04-24
2014-03-311.81.79-0.01
2014-01-30
2013-12-311.621.620
2013-10-24
2013-09-301.751.780.03
2013-07-25
2013-06-301.71.710.01
2013-04-25
2013-03-311.651.61-0.04
2013-01-24
2012-12-311.411.410
2012-10-23
2012-09-301.651.650
2012-07-26
2012-06-301.651.660.01
2012-04-24
2012-03-311.491.630.14
2012-01-26
2011-12-311.311.350.04
2011-10-25
2011-09-301.611.52-0.09
2011-07-26
2011-06-301.61.60
2011-04-26
2011-03-311.441.490.05
2011-01-25
2010-12-311.271.280.01
2010-10-28
2010-09-301.511.530.02
2010-07-22
2010-06-301.481.540.06
2010-04-27
2010-03-311.211.40.1915 
2010-01-28
2009-12-311.211.30.09
2009-10-22
2009-09-301.171.370.217 
2009-07-23
2009-06-300.941.20.2627 
2009-04-24
2009-03-310.860.81-0.05
2009-01-29
2008-12-310.930.970.04
2008-10-21
2008-09-301.381.420.04
2008-07-24
2008-06-301.351.390.04
2008-04-24
2008-03-311.351.380.03
2008-01-29
2007-12-311.171.190.02
2007-10-19
2007-09-301.281.290.01
2007-07-26
2007-06-301.181.230.05
2007-04-26
2007-03-311.121.280.1614 
2007-01-30
2006-12-311.141.1-0.04
2006-10-20
2006-09-301.121.170.05
2006-07-25
2006-06-301.071.05-0.02
2006-04-21
2006-03-311.141.170.03
2006-01-24
2005-12-311.031.040.01
2005-10-18
2005-09-301.081.10.02
2005-07-18
2005-06-301.091.090
2005-04-18
2005-03-311.011.030.02
2005-01-18
2004-12-310.910.910
2004-10-18
2004-09-300.980.97-0.01
2004-07-19
2004-06-300.960.970.01
2004-04-19
2004-03-310.870.90.03
2004-01-20
2003-12-310.760.770.01
2003-10-20
2003-09-300.790.830.04
2003-07-21
2003-06-300.750.780.03
2003-04-21
2003-03-310.70.710.01
2003-01-21
2002-12-310.640.650.01
2002-10-21
2002-09-300.690.690
2002-07-22
2002-06-300.670.680.01
2002-04-22
2002-03-310.590.620.03
2002-01-18
2001-12-310.490.490
2001-10-22
2001-09-300.550.550
2001-07-23
2001-06-300.560.560
2001-04-23
2001-03-310.580.580
2001-01-24
2000-12-310.60.56-0.04
2000-10-23
2000-09-300.610.630.02
2000-07-26
2000-06-300.580.590.01
2000-04-25
2000-03-310.540.560.02
2000-01-26
1999-12-310.510.550.04
1999-10-25
1999-09-300.530.570.04
1999-07-29
1999-06-300.50.520.02
1999-04-30
1999-03-310.460.480.02
1999-01-25
1998-12-310.40.430.03
1998-10-22
1998-09-300.490.490
1998-07-23
1998-06-300.460.480.02
1998-04-28
1998-03-310.50.49-0.01
1998-01-27
1997-12-310.460.45-0.01
1997-10-22
1997-09-300.520.530.01
1997-07-23
1997-06-300.510.510
1997-04-22
1997-03-310.490.50.01
1997-01-28
1996-12-310.440.450.01
1996-10-25
1996-09-300.460.480.02
1996-07-29
1996-06-300.450.460.01
1996-05-02
1996-03-310.440.440

About 3M Earnings Estimate

The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of 3M earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current 3M estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as 3M fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
Please read more on our stock advisor page.
Last ReportedProjected for 2022
Accumulated Retained Earnings Deficit45.8 B45.8 B
Earning Before Interest and Taxes EBIT7.2 B7.7 B
Earnings per Basic Share 10.23  10.00 
Earnings per Diluted Share 10.12  9.86 
Price to Earnings Ratio 17.36  20.68 
Earnings Before Interest Taxes and Depreciation Amortization EBITDA9.1 B9.6 B
Earnings before Tax7.2 B7.7 B
3M Company operates as a diversified technology company worldwide. It offers its products through e-commerce and traditional wholesalers, retailers, jobbers, distributors, and dealers. 3M operates under Conglomerates classification in the United States and is traded on New York Stock Exchange. It employs 95000 people.

3M Investors Sentiment

The influence of 3M's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in 3M. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to 3M's public news can be used to forecast risks associated with investment in 3M. The trend in average sentiment can be used to explain how an investor holding 3M can time the market purely based on public headlines and social activities around 3M Company. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
3M's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for 3M's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average 3M's news discussions. The higher the estimate score, the more favorable is the investor's outlook on 3M.

3M Implied Volatility

    
  23.95  
3M's implied volatility exposes the market's sentiment of 3M Company stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if 3M's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that 3M stock will not fluctuate a lot when 3M's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards 3M in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, 3M's short interest history, or implied volatility extrapolated from 3M options trading.

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as 3M Company using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

Build Optimal Portfolios

Align your risk with return expectations

Fix your portfolio
By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Additionally, see Stocks Correlation. Note that the 3M Company information on this page should be used as a complementary analysis to other 3M's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

Complementary Tools for 3M Stock analysis

When running 3M Company price analysis, check to measure 3M's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy 3M is operating at the current time. Most of 3M's value examination focuses on studying past and present price action to predict the probability of 3M's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move 3M's price. Additionally, you may evaluate how the addition of 3M to your portfolios can decrease your overall portfolio volatility.
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Go
Money Flow Index
Determine momentum by analyzing Money Flow Index and other technical indicators
Go
Commodity Channel Index
Use Commodity Channel Index to analyze current equity momentum
Go
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
Go
Risk-Return Analysis
View associations between returns expected from investment and the risk you assume
Go
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting your portfolios
Go
Transaction History
View history of all your transactions and understand their impact on performance
Go
Portfolio Volatility
Check portfolio volatility and analyze historical return density to properly model market risk
Go
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Go
Is 3M's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of 3M. If investors know 3M will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about 3M listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.95
Market Capitalization
84.4 B
Quarterly Revenue Growth YOY
-0.028
Return On Assets
0.0893
Return On Equity
0.29
The market value of 3M Company is measured differently than its book value, which is the value of 3M that is recorded on the company's balance sheet. Investors also form their own opinion of 3M's value that differs from its market value or its book value, called intrinsic value, which is 3M's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because 3M's market value can be influenced by many factors that don't directly affect 3M's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between 3M's value and its price as these two are different measures arrived at by different means. Investors typically determine 3M value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 3M's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.