McCormick Likely To Report Lower Q3 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

McCormick & Company is expected to report third-quarter earnings of 76 cents per share, a decrease from 85 cents per share in the same period last year, with a consensus revenue estimate of $1.98 billion compared to $1.72 billion last year. The company will release its earnings before the market opens on October 1. Recently, McCormick shares rose 1.1% to close at $49.42. Analysts have revised their ratings, with JP Morgan maintaining an Overweight rating but lowering the price target from $63 to $62, while TD Cowen downgraded the stock from Buy to Hold with a new price target of $55.