3M Surpasses Earnings Estimates, Raises Profit Forecast

3M (MMM), a maker of Post-it notes and industrial coatings, has a history of beating earnings estimates and is expected to continue the trend in its next quarterly report. The company has surpassed earnings expectations by an average of 27.32% in the past two quarters. Analysts have recently become bullish on 3M's earnings prospects, with a positive Earnings ESP of +1.29% and a Zacks Rank #3 (Hold). This combination suggests another earnings beat is possible. It's important to note that while beating earnings estimates is significant, it may not be the sole factor for stock performance.