3M Stock Underperforms as Earnings Expected to Decline

3M stock sinks as market gains, lagging the S&P 500 and Dow
Revenue and earnings projected to decline year-over-year in next report
Estimates have moved slightly lower recently
3M has underperformed its sector and the market over the past month
Valuation metrics show 3M trading at a discount to industry averages

yahoo.com

Relevant topic timeline:

10/3/2023

3M Stock Falls Further Despite Smaller Market Losses As Earnings Set to Drop

3M closed at $88.79, marking a -1.59% move from the prior day, lagging behind the S&P 500's daily loss of 1.37%, as investors look for positivity from the company ahead of its next earnings report.

10/23/2023

3M Poised to Beat Earnings Estimates Again Based on ESP and Rank Indicators

3M (MMM), a maker of Post-it notes, industrial coatings, and ceramics, has consistently beaten earnings estimates and is expected to continue this trend in its upcoming quarterly report, supported by a positive Earnings ESP and a solid Zacks Rank.