3M: More Upside Ahead - But Wait For A Moderate Retracement
MMM's reversal is already here, thanks to the SOLV divestiture bringing forth a more focused portfolio and healthier balance sheet. This is on top of the resolution of its legal headwinds, as management also pursues insurance recovery and $340M already completed. The management has driven new growth opportunities through its legacy businesses and new product launches as well, despite certain market softness.
Here's Why 3M Stock Soared in January (and Has Plenty of Upside Potential in 2025)
3M (MMM 0.51%) soared by an impressive 17.9% in January, according to data provided by S&P Global Market Intelligence. The move comes as the market continues to warm to CEO Bill Brown's plans to rejuvenate the company's long-term growth rate and improve its operational performance.
3M Stock: Buy, Sell, or Hold?
3M (MMM -1.42%) is off to a spectacular start to 2025, with its shares climbing 18% in January following its fourth-quarter earnings report that exceeded Wall Street estimates.
3M's Turnaround Is Off to a Good Start. Here's Why It's a Buy for 2025 and Beyond.
3M (MMM 1.40%) recently updated the market with its fourth-quarter earnings report, and management's comments essentially confirmed the bullish case for the stock. While its end markets remain mixed and its top-line growth rate muted, the company is progressing well in expanding margins and laying down the fundamentals for future growth.
3M Stock Could Extend Multi-Year Highs
3M Co (NYSE:MMM) stock is up 0.4% at $150.04 at last glance, brushing off the broad-market selloff and climbing back up toward its Jan. 22, three-year high of $152.07.
Why These 3 Stocks With High Call Option Volume Deserve Attention
When investors want to profit from a company's stock swing, they typically only think of buying the underlying shares of stock and then hoping for their optimistic thesis to be proven right in the form of higher prices so that they can sell their shares at a profit and walk away a winner. There is, however, another way that traders often profit from their views on a stock, which is by utilizing leverage through another financial product.
Tide Shifts for 3M: How to Profit from the Rally
3M NYSE: MMM faced many struggles but has overcome them and embarked on a new age of growth. Hurdles, including multiple legal issues, are in the rearview mirror, and the road ahead is clearer.
3M Is Structurally Shifting For Durable Growth
3M's focus on innovation and operational improvements under CEO Bill Brown may lead to significant top-line growth and margin expansion. Management is aiming to enhance supply chain efficiencies and increasing production launches while improving the firm's on-time, in-full deliveries. 3M has a substantial amount of inventory that may be worked down in the coming quarters, potentially acting as a tailwind for free cash flow generation in the coming years.
What's Next For 3M Stock?
3M (NYSE: MMM) recently reported its Q4'24 results, with revenues and earnings beating the street estimates. The company reported adjusted revenue of $5.81 billion and earnings of $1.68 on a per-share and adjusted basis, compared to the consensus estimates of $5.78 billion and $1.66, respectively.
3M Company (MMM) Q4 2024 Earnings Call Transcript
3M Company (NYSE:MMM ) Q4 2024 Earnings Conference Call January 21, 2025 9:00 AM ET Company Participants Chinmay Trivedi - SVP of IR and FP&A Bill Brown - CEO Anurag Maheshwari - CFO Conference Call Participants Jeff Sprague - Vertical Research Scott Davis - Melius Research Nigel Coe - Wolfe Research Andrew Kaplowitz - Citigroup Julian Mitchell - Barclays Steve Tusa - JPMorgan Andrew Obin - Bank of America Amit Mehrotra - UBS Nicole DeBlase - Deutsche Bank Joe O'Dea - Wells Fargo Deane Dray - RBC Capital Markets Operator Ladies and gentlemen, thank you for standing by. Welcome to the 3M Fourth Quarter Earnings Conference Call.
3M hits three-year high as earnings beat paves way for stronger profit
3M Co surged over 5% on Tuesday after the post-it note maker unveiled expectation-beating earnings and forecast profit to improve over the coming year. Fourth-quarter adjusted per-share earnings dropped by 2% to US$1.68, the manufacturer said on Tuesday, but were ahead of market expectations for US$1.66.
MMM's Q4 Earnings Surpass Estimates, Revenues Increase Y/Y
3M reports adjusted revenue growth of 2.2% year over year in its fourth-quarter 2024 results.
