We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
McCormick (MKC) Tops Q1 Earnings & Sales, Raises Outlook
Read MoreHide Full Article
McCormick & Company, Incorporated (MKC - Free Report) came out with first-quarter fiscal 2018 results, wherein adjusted earnings of $1.00 per share came ahead of the Zacks Consensus Estimate of 91 cents and surged 31.6% year-over-year.
The company now expects adjusted earnings for fiscal 2018 in a range of $4.85-$4.95 per share, reflecting a 14-16% growth year-over-year. This includes an expected positive impact of nearly one percentage point from currency fluctuations.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2018 has remained unchanged over the past 30 days. Further, if we look at McCormick’s performance in the trailing four quarters (excluding the quarter under review), the company has outperformed the Zacks Consensus Estimate by an average of about 4.3%.
McCormick & Company, Incorporated Price and EPS Surprise
Revenues: McCormick generated net sales of approximately $1,237.1 million that advanced 18.5% year over year and also topped the Zacks Consensus Estimate of $1,235 million. On a currency-neutral basis, sales jumped 15%, gaining from strength across both segments.
The company now expects fiscal 2018 sales to advance nearly 13%-15%, including a two-percentage point positive impact from currency movements.
Check back later for our full write up on McCormick’s earnings report!
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
Image: Bigstock
McCormick (MKC) Tops Q1 Earnings & Sales, Raises Outlook
McCormick & Company, Incorporated (MKC - Free Report) came out with first-quarter fiscal 2018 results, wherein adjusted earnings of $1.00 per share came ahead of the Zacks Consensus Estimate of 91 cents and surged 31.6% year-over-year.
The company now expects adjusted earnings for fiscal 2018 in a range of $4.85-$4.95 per share, reflecting a 14-16% growth year-over-year. This includes an expected positive impact of nearly one percentage point from currency fluctuations.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2018 has remained unchanged over the past 30 days. Further, if we look at McCormick’s performance in the trailing four quarters (excluding the quarter under review), the company has outperformed the Zacks Consensus Estimate by an average of about 4.3%.
McCormick & Company, Incorporated Price and EPS Surprise
McCormick & Company, Incorporated Price and EPS Surprise | McCormick & Company, Incorporated Quote
Revenues: McCormick generated net sales of approximately $1,237.1 million that advanced 18.5% year over year and also topped the Zacks Consensus Estimate of $1,235 million. On a currency-neutral basis, sales jumped 15%, gaining from strength across both segments.
The company now expects fiscal 2018 sales to advance nearly 13%-15%, including a two-percentage point positive impact from currency movements.
Zacks Rank: Currently, McCormick carries a Zacks Rank #3 (Hold) which is subject to change following the just released earnings results. You can see the complete list of today’s Zacks #1 Rank stocks here.
Check back later for our full write up on McCormick’s earnings report!
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>