3M Co. Earnings Report: Analysts Anticipate Positive Turnaround

3M Co. MMM is set to report its first-quarter earnings this Tuesday before the market opens. Wall Street analysts project earnings per share (EPS) of $1.77 and total revenue of $5.76 billion, marking the company’s first quarterly update of 2025.

The stock has rallied 38.03% over the past year, although it has recently lost momentum, with a year-to-date decline of 1.43% and a significant drop of 14.98% in the last month.

Next, we will analyze the charts for MMM stock and assess how it aligns with Wall Street’s forecasts.

Read also: How To Earn $500 A Month From 3M Stock Ahead Of Q1 earnings

Current 3M Stock Trends Before Q1 Earnings

Heading into the earnings announcement, the technical indicators for MMM stock appear somewhat bearish. The stock trades at $127.23, falling below both its short-term and medium-term moving averages.

Chart created using Benzinga Pro

The eight-day, 20-day, and 50-day simple moving averages sit at $139.03, $140.20, and $128.86, respectively, all indicating a weakening momentum trend. Nonetheless, the stock remains above its 200-day average of $114.00, which suggests that longer-term bullish trends may still be in play.

The Moving Average Convergence Divergence (MACD) indicator stands at 1.53, revealing bullish divergence and hinting at positive potential if earnings exceed expectations. Conversely, the Relative Strength Index (RSI) is currently at 43.32, nearing oversold levels, which may suggest a short-term rebound could occur, provided the fundamentals support such movement.

Analysts Project 15% Upside for 3M Stock

Ratings & Consensus Estimates: Analysts maintain a consensus buy rating on MMM, with an average price target of $138.75. Furthermore, recent projections from Citigroup, Barclays, and JPMorgan push the average target higher to $147.33, reflecting a potential upside of 15.33% from current trading levels.

MMM Price Action: At the time of publication, MMM stock was trading at $130.22. With both sentiment and technical indicators showing signs of deterioration, investors will be closely monitoring Tuesday’s earnings, hoping for results that can shift the narrative and bolster analysts’ optimistic outlook.

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