3M Stock To Trade Higher Post Q4?

3M Company (NYSE: MMM) is scheduled to report its Q4 2022 results on Tuesday, January 24. We expect the company to post revenue and earnings slightly above the street expectations. The company should benefit from steady demand for its healthcare and consumer offerings. However, a continued fall in demand for respirators and the strengthening U.S. dollar will likely weigh on the overall top and bottom-line expansion. We expect MMM stock to trend higher post its Q4 results. Furthermore, our forecast indicates that MMM stock has more room for growth, as discussed below. Our interactive dashboard analysis of the 3M Earnings Previewhas additional details.

(1) Revenues expected to be above the consensus estimates

• Trefis estimates 3Ms Q4 2022 revenues to be around $8.2 billion, reflecting a mid-single-digit y-o-y decline, but above the $8.0 billion consensus estimate.
• 3M should benefit from better price realization. However, lower demand for respirators, a rise in USD, continued supply chain disruptions, and slowing economic growth are likely to weigh on the overall revenue growth.
• Looking back at Q3 2022, revenues were down 4% y-o-y to $8.6 billion, with a decline in all segments.
• Our dashboard on 3Ms Revenuesoffers details on the companys segments.

(2) EPS likely to be above the consensus estimates