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MKC
Benzinga
1 min

Top Wall Street Forecasters Revamp McCormick Expectations Ahead Of Q3 Earnings

1. MKC earnings expected at 82 cents per share, a slight decline year-on-year. 2. Quarterly revenue projected at $1.71 billion, up from $1.68 billion last year. 3. Plans to acquire 25% stake in McCormick De Mexico for $750 million. 4. Analysts show mixed ratings, impacting sentiment around MKC's future price. 5. Recent price targets fluctuate, reflecting uncertain market views on MKC.

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FAQ

Why Neutral?

Analysts have cut price targets, indicating cautious sentiment ahead of earnings.

How important is it?

Earnings and acquisition plans are critical for short-term valuation, creating mixed investor sentiment.

Why Short Term?

Earnings report on October 7 may result in immediate market reactions.

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