McCormick & Co Fourth Quarter Earnings Sneak Peek
S&P 500 (NYSE:SPY) component McCormick & Co (NYSE:MKC) will unveil its latest earnings tomorrow, Thursday, January 24, 2013. McCormick & Company manufactures flavor products including spices, herbs, extracts, seasonings, flavorings, and other food products.
McCormick & Co Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average analyst estimate is for profit of $1.14 per share, a rise of 10.7% from the company’s actual earnings for the year-ago quarter. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. For the year, analysts are projecting net income of $3.08 per share, a rise of 8.5% from last year.
Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the third quarter, it reported profit of 78 cents per share against a mean estimate of net income of 76 cents per share. In the second quarter, it missed forecasts by one cent.
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A Look Back: In the third quarter, profit rose 13.5% to $104.4 million (78 cents a share) from $92 million (69 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 6.2% to $977.7 million from $920.4 million.
Here’s how McCormick & Company traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: