3M beats Q1 adjusted EPS estimates, reiterates 2026 guidance

3M

21/04/2026 11:38

Overview

U.S. diversified industrials firm's Q1 adjusted sales slight miss, adjusted EPS beat analyst expectations

Adjusted EPS rose 14% yr/yr to $2.14, beating analyst estimates

Company reiterated full-year 2026 guidance

Outlook

3M reiterates 2026 adjusted total sales growth of about 4%

Company expects 2026 adjusted EPS in the range of $8.50 to $8.70

3M sees 2026 adjusted operating income margin expanding 70-80 bps

Result Drivers

TRANSFORMATION INITIATIVES - Co said results benefited from simplifying and standardizing processes and reshaping its portfolio

OPERATIONAL EXECUTION - 3M cited improved execution of fundamentals as supporting Q1 performance

Company press release: ID:nPn8p0f6sa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
$6 bln
Q1 Adjusted Sales
Slight Miss*
$6 bln
$6.008 bln (9 Analysts)
Q1 Adjusted EPS
Beat
$2.14
$1.98 (12 Analysts)
Q1 EPS
$1.23


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 9 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the consumer goods conglomerates peer group is "buy"

Wall Street's median 12-month price target for 3M Co is $175.00, about 15.6% above its April 20 closing price of $151.40

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 19 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)