3M(MMM) ZACKS·2025-04-17 14:50Core Viewpoint - 3M Company is set to report its first-quarter 2025 results, with earnings expected to decline significantly year-over-year, reflecting challenges in various segments and the impact of a recent spin-off [1][2]. Financial Estimates - The Zacks Consensus Estimate for earnings is 5.80 billion, indicating a 25.9% decrease in earnings and a 27.6% decline in revenues compared to the previous year [1][2]. - Earnings estimates have been revised upward by a penny over the past week, but the overall trend shows a decline from previous estimates [2]. Segment Performance - The Safety and Industrial segment is expected to show slight revenue growth of 0.3% year-over-year to 1.83 billion due to weakness in the automotive electrification market [6]. - The Consumer segment is anticipated to remain flat at $1.15 billion, impacted by lower discretionary spending in retail markets [8]. Earnings Surprise History - 3M has a strong earnings surprise history, having outperformed the Zacks Consensus Estimate in the last four quarters with an average surprise of 8.7% [3]. Valuation Metrics - 3M's forward 12-month price-to-earnings (P/E) ratio is 16.47X, which is higher than its five-year median of 16.00X and the industry average of 15.19X, indicating a premium valuation [14]. Market Performance - Over the past three months, 3M shares have decreased by 7.5%, performing better than the Zacks Diversified Operations industry's decline of 9.9% and the S&P 500's decline of 10.5% [11].