What You Should Know Before McCormick (MKC) Q2 Earnings
Zacks Investment Research | Jun 22, 2017 09:33PM ET
McCormick & Company, Incorporated (NYSE:MKC) is slated to report second-quarter fiscal 2017 results on Jun 29 before the opening bell. The company’s earnings have outpaced the Zacks Consensus Estimate in 12 of the last 14 quarters, with an average beat of 3.1% for the trailing four quarters.
In fact, the current Zacks Consensus Estimate for the quarter under review has been stable in the last 30 days. The estimate currently pegged at 77 cents reflects about 2% growth from the year-ago quarter. Analysts polled by Zacks expect revenues of $1,099 million, up 3.4% from the prior-year period. Well, the obvious question that comes to mind is that will McCormick be able to pull off positive earnings surprise in the to-be-reported quarter.
Let’s delve deeper and see how things are shaping up for this announcement.
What Does the Zacks Model Unveil?
Our proven model shows that McCormick is unlikely to beat earnings estimates this quarter. This is because a stock needs to have both a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) and a positive Zacks Investment Research
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