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3M (MMM) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release
ZACKS· 2024-10-15 15:06
Wall Street expects a year-over-year decline in earnings on lower revenues when 3M (MMM) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 22. On the ot ...
3M (MMM) Registers a Bigger Fall Than the Market: Important Facts to Note
ZACKS· 2024-10-10 22:51
In the latest trading session, 3M (MMM) closed at $133.46, marking a -1.15% move from the previous day. This change lagged the S&P 500's 0.21% loss on the day. Elsewhere, the Dow saw a downswing of 0.14%, while the tech-heavy Nasdaq depreciated by 0.05%.The the stock of maker of Post-it notes, industrial coatings and ceramics has risen by 3.67% in the past month, lagging the Conglomerates sector's gain of 13.72% and the S&P 500's gain of 5.94%.The upcoming earnings release of 3M will be of great interest to ...
3M Surges 45.6% in Six Months: How Should You Play the Stock?
ZACKS· 2024-10-08 15:08
3M Company’s (MMM) shares have rallied 45.6% over the past six months, outperforming the Zacks Diversified Operations industry and the S&P 500’s growth of 12.1% and 10.6%, respectively. The diversified technology company has also outperformed other industry players like ITT Inc. (ITT) and Honeywell International Inc. (HON) , which have returned 12.8% and 2.5%, respectively, over the same time frame.MMM Stock’s Six-Month Price PerformanceImage Source: Zacks Investment ResearchClosing at $134.85 in the last t ...
Will 3M (MMM) Beat Estimates Again in Its Next Earnings Report?
ZACKS· 2024-10-04 17:16
Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? 3M (MMM) , which belongs to the Zacks Diversified Operations industry, could be a great candidate to consider.This maker of Post-it notes, industrial coatings and ceramics has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 15.58%.For the last repo ...
Here's Why 3M (MMM) Fell More Than Broader Market
ZACKS· 2024-10-03 22:51
3M (MMM) ended the recent trading session at $134.78, demonstrating a -0.48% swing from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.17%. Elsewhere, the Dow lost 0.44%, while the tech-heavy Nasdaq lost 0.04%.The maker of Post-it notes, industrial coatings and ceramics's shares have seen an increase of 2.48% over the last month, not keeping up with the Conglomerates sector's gain of 12.81% and outstripping the S&P 500's gain of 1.25%.The investment communi ...
3M Launches Solar Charging Enabled Bluetooth Hearing Protector
ZACKS· 2024-10-03 16:07
3M Company (MMM) recently unveiled WorkTunes Connect + Solar Hearing Protector, a first-of-its-kind solar charging wireless Bluetooth hearing protector available in the market. The launch of the headset is built on a strategic collaboration between 3M and Exeger to develop a reliable and long-lasting self-powered consumer hearing protector solution.The headset leverages the state-of-the-art solar cell technology, Powerfoyle, invented and produced by Exeger in Sweden. The use of Powerfoyle technology enables ...
3M achieves Science Based Targets initiative validation, strengthening commitment to decarbonization and customer innovation
Prnewswire· 2024-10-03 14:15
"3M has a long history of reducing its greenhouse gas emissions. The validation of our targets by SBTi reflects years of collaboration and dedication by 3Mers working on a detailed action plan to innovate across our portfolio to decarbonize industry, accelerate our climate solutions and improve our environmental footprint," said Gayle Schueller, senior vice president and chief sustainability officer at 3M. "We will continue to drive innovation in our products and our processes, empowering customers to reach ...
3M: Sticky Situation, But Still Holding It (Technical Analysis)
Seeking Alpha· 2024-10-03 12:24
Earlier this week, I engaged in an exercise of taking myself to task for the worst investment decision I've made this year. Most importantly, the article was really about what I learned from that instance, oneLast decade, 30 years into my professional investing career, I created and stress-tested an approach to dividend investing and risk management, built for the realities of modern financial markets. I used it as a key factor of my investment approach when I was an investment advisor and mutual fund manag ...
3M introduces WorkTunes Connect + Solar Hearing Protector, a first-of-its-kind continuous solar charging headset for consumers
Prnewswire· 2024-10-01 20:28
"At 3M we are committed to developing solutions that not only improve and meet safety standards but reimagine how personal safety is experienced," said Jonathan Pieronek, global portfolio director, 3M Consumer Health and Safety. "Today's consumer demands more – modern design, high-quality sound and effective protection – and they deserve a product that meets these needs. We are proud to deliver on that with 3M WorkTunes Connect + Solar Hearing Protector, giving consumers reliable, long-lasting hearing prote ...
3M's "Clash of the Grinders" returns: New season of welding and metalworking competition streaming now
Prnewswire· 2024-09-26 13:15
Core Points - 3M has launched the second season of "3M Clash of the Grinders," a video series featuring a metalworking and welding competition among students from welding schools across the U.S. [1][2] - The competition includes 12 contestants competing for a grand prize of $15,000, sponsored by 3M's Abrasive System Division [1][2] - The series will consist of eight episodes, with the first episode now streaming on YouTube and new episodes airing weekly until November 12 [3] - The competition aims to raise awareness of welding and skilled trades as viable career paths, addressing the current shortage of over 400,000 welders in the U.S. [3] Company and Industry Insights - 3M's Abrasive Solutions marketing manager emphasized the importance of skilled trades, including welding, as foundational to infrastructure and manufacturing sectors [3] - The initiative is supported by partnerships with organizations such as 3M Gives, National Coalition of Certification Centers, and Weld.com, highlighting collaboration within the industry [4] - The American Welding Society indicates a significant opportunity for young individuals to enter a high-demand field with competitive wages and career growth potential [3]