3M Future Growth

Future criteria checks 1/6

3M's revenue and earnings are forecast to decline at 5.3% and 2.1% per annum respectively. EPS is expected to decline by 0.3% per annum. Return on equity is forecast to be 95.6% in 3 years.

Key information

-2.1%

Earnings growth rate

-0.3%

EPS growth rate

Industrials earnings growth	12.5%
Revenue growth rate	-5.3%
Future return on equity	95.6%
Analyst coverage	Good
Last updated	13 Nov 2024

Recent future growth updates

Recent updates

3M: A Bright Future, But Shares Hit Fair Value Amid Strong Momentum (Rating Downgrade)

Aug 30

Optimistic Investors Push 3M Company (NYSE:MMM) Shares Up 26% But Growth Is Lacking

Aug 24

Statutory Profit Doesn't Reflect How Good 3M's (NYSE:MMM) Earnings Are

Aug 02

3M's New CEO Spills The Beans

Aug 01

3M: Near-Term Growth Looks Limited, But A Fresh Start Is Welcome (Upgrade)

Jul 18

3M: A Dividend Cutter With A Strong Buy Rating

Jul 02

3M Company's (NYSE:MMM) Business Is Yet to Catch Up With Its Share Price

Jul 01

3M Company: Solventum Spinoff Creates More Upside Potential

Jun 17

3M: Huge Risks And No Growth, Why Bother?

Jun 03

3M Stock: Dividend Likely Cut In Half

May 01

CashFlow Hunter On Pair Trading, 3M And Iris Energy

Mar 28

An Intrinsic Calculation For 3M Company (NYSE:MMM) Suggests It's 46% Undervalued

Mar 23

3M Stock: Outlook For This Dividend Stock After Post-Earnings Dip

Feb 27

3M: A Dividend Cut Is Needed To Boost Price Recovery

Feb 02

3M Company's (NYSE:MMM) Business Is Yet to Catch Up With Its Share Price

Jan 29

Earnings and Revenue Growth Forecasts

NYSE:MMM - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	25,322	4,533	4,192	5,715	14
12/31/2025	24,523	4,168	3,047	4,724	17
12/31/2024	23,807	4,140	2,315	3,474	14
9/30/2024	32,638	5,322	739	1,987	N/A
6/30/2024	32,614	1,423	4,277	5,684	N/A
3/31/2024	32,642	-6,952	4,657	6,172	N/A
12/31/2023	32,681	-6,995	5,065	6,680	N/A
9/30/2023	26,687	-8,495	4,853	6,616	N/A
6/30/2023	29,036	-2,109	4,444	6,237	N/A
3/31/2023	31,455	5,140	4,055	5,855	N/A
12/31/2022	34,229	5,777	3,842	5,591	N/A
9/30/2022	34,762	6,575	3,875	5,674	N/A
6/30/2022	35,085	4,150	4,310	6,017	N/A
3/31/2022	35,333	5,596	5,060	6,777	N/A
12/31/2021	35,355	5,921	5,851	7,454	N/A
9/30/2021	35,326	5,987	6,495	7,964	N/A
6/30/2021	34,734	5,983	7,076	8,570	N/A
3/31/2021	32,960	5,765	7,109	8,588	N/A
12/31/2020	32,184	5,449	6,612	8,113	N/A
9/30/2020	31,712	5,013	6,319	7,936	N/A
6/30/2020	31,353	5,166	5,880	7,478	N/A
3/31/2020	32,348	4,987	5,595	7,235	N/A
12/31/2019	32,136	4,517	5,371	7,070	N/A
9/30/2019	31,970	4,948	5,298	6,990	N/A
6/30/2019	32,131	4,908	5,387	7,107	N/A
3/31/2019	32,350	5,638	5,680	7,344	N/A
12/31/2018	32,765	5,349	4,862	6,439	N/A
9/30/2018	32,810	4,525	4,536	6,041	N/A
6/30/2018	32,830	4,411	N/A	5,652	N/A
3/31/2018	32,250	4,137	N/A	5,395	N/A
12/31/2017	31,657	4,858	N/A	6,240	N/A
9/30/2017	30,996	5,490	N/A	6,589	N/A
6/30/2017	30,533	5,390	N/A	6,747	N/A
3/31/2017	30,385	5,098	N/A	6,390	N/A
12/31/2016	30,109	5,050	N/A	6,662	N/A
9/30/2016	30,078	4,933	N/A	6,791	N/A
6/30/2016	30,081	4,900	N/A	6,547	N/A
3/31/2016	30,105	4,909	N/A	6,600	N/A
12/31/2015	30,274	4,833	N/A	6,420	N/A
9/30/2015	30,695	4,974	N/A	6,265	N/A
6/30/2015	31,120	4,981	N/A	6,312	N/A
3/31/2015	31,568	4,948	N/A	6,614	N/A
12/31/2014	31,821	4,956	N/A	6,626	N/A
9/30/2014	31,671	4,880	N/A	6,436	N/A
6/30/2014	31,450	4,807	N/A	5,876	N/A
3/31/2014	31,068	4,737	N/A	5,915	N/A
12/31/2013	30,871	4,659	N/A	5,817	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MMM's earnings are forecast to decline over the next 3 years (-2.1% per year).

Earnings vs Market: MMM's earnings are forecast to decline over the next 3 years (-2.1% per year).

High Growth Earnings: MMM's earnings are forecast to decline over the next 3 years.

Revenue vs Market: MMM's revenue is expected to decline over the next 3 years (-5.3% per year).

High Growth Revenue: MMM's revenue is forecast to decline over the next 3 years (-5.3% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: MMM's Return on Equity is forecast to be very high in 3 years time (95.6%).

3M Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Consensus EPS estimates increase by 10%

Price target increased by 12% to US$121

3M Company Provides Earnings Guidance for the First Quarter 2024

Recent updates

Dividend of US$0.70 announced

3M Declares Quarterly Dividend, Payable on December 12, 2024

Consensus EPS estimates increase by 10%

3M: Multiple Expansion But Problems Linger

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

Is 3M (NYSE:MMM) A Risky Investment?

3M Achieves Science Based Targets Initiative Validation, Strengthening Commitment to Decarbonization and Customer Innovation

3M Company Introduces WorkTunes Connect + Solar Hearing Protector

3M's Transformation Uncertain: A Wait-And-See Approach

3M: A Bright Future, But Shares Hit Fair Value Amid Strong Momentum (Rating Downgrade)

Optimistic Investors Push 3M Company (NYSE:MMM) Shares Up 26% But Growth Is Lacking

3M Company Declares Quarterly Dividend, Payable on September 12, 2024

Statutory Profit Doesn't Reflect How Good 3M's (NYSE:MMM) Earnings Are

Investor sentiment improves as stock rises 22%

3M Company Appoints Anurag Maheshwari as Executive Vice President, Effective September 1, 2024

3M's New CEO Spills The Beans

Price target increased by 12% to US$121

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

3M: Near-Term Growth Looks Limited, But A Fresh Start Is Welcome (Upgrade)

Post-It and Scotch Brand Announces Limited Edition Back-to-School Countdown Kit

3M Company Announces Resignation of Monish Patolawala as President, Effective July 31, 2024

3M Announces Resignation of Monish Patolawala as Chief Financial Officer, Effective July 31, 2024

3M Company(NYSE:MMM) dropped from Russell 1000 Value-Defensive Index

President & CFO exercised options to buy US$1.7m worth of stock.

3M: A Dividend Cutter With A Strong Buy Rating

3M Company's (NYSE:MMM) Business Is Yet to Catch Up With Its Share Price

3M Company: Solventum Spinoff Creates More Upside Potential

3M: Huge Risks And No Growth, Why Bother?

Napoli Shkolnik Announces $316.5 Million Settlement with BASF Corporation, 3M Company, DuPont, and Tyco Fire Products in AFFF MDL

Napoli Shkolnik Announces Settlement with BASF Corporation in AFFF MDL

Dividend of US$0.70 announced

3M Declares Quarterly Dividend, Payable on June 12, 2024

3M Stock: Dividend Likely Cut In Half

First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Judge Approves Historic $12.5 Billion 3M Settlement to Clean America’s Water Supplies

3M Announces Settlement with Public Water Suppliers to Address PFAS in Drinking Water Receives Final Court Approval

CashFlow Hunter On Pair Trading, 3M And Iris Energy

3M Announces Combat Arms Earplugs Settlement Moves to Final Resolution

An Intrinsic Calculation For 3M Company (NYSE:MMM) Suggests It's 46% Undervalued

3M Company Provides Earnings Guidance for the First Quarter 2024

3M Company, Annual General Meeting, May 14, 2024

3M Company Announces CEO Changes, Effective May 1, 2024

3M Stock: Outlook For This Dividend Stock After Post-Earnings Dip

Fourth quarter dividend increased to US$1.51

3M Declares Quarterly Dividend, Payable on March 12, 2024

3M: A Dividend Cut Is Needed To Boost Price Recovery

3M Provides Update on Combat Arms Earplugs Litigation Settlement

3M Company's (NYSE:MMM) Business Is Yet to Catch Up With Its Share Price

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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