McCormick EPS Beats Q4 Estimates
(NYSE:MKC), a global leader in flavor, released its earnings results for its fiscal 2024's fourth quarter, which ended Nov. 30. The company showed encouraging performance by achieving adjusted earnings per share (EPS) of $0.80, beating analysts' expectations of $0.77. Revenue rose to $1.8 billion, which was above the $1.773 billion anticipated, highlighting the continued demand for its products even amid global challenges. Overall, McCormick's consistent revenue growth and cost efficiency reflect a positive quarter.
Source: Analyst estimates for the quarter provided by FactSet.
McCormick stands out as a giant in the flavor industry, manufacturing, marketing, and distributing spices, condiments, and flavor solutions worldwide.
Source Fool.com
Mccormick & Comp. Stock
With 6 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 85 € shows a positive potential of 32.94% compared to the current price of 63.94 € for Mccormick & Comp..
