McCormick &. Earnings: Your Sneak Peek to the Big Announcement

McCormick &. (NYSE:MKC) will report earnings before markets open on Tuesday, April 2nd. McCormick & Company, Inc. manufactures, markets, and distributes flavor products (including spices, herbs, extracts, seasonings and flavorings) and other specialty food products to the food industry. The Company sells to retail stores, food manufacturers, and food service businesses.

Here is your Cheat Sheet to McCormick &. Earnings:

Earnings Expectations: Analysts expect earnings of $0.56 per share on revenues of $922.66 million. Currently, the company’s P/E ratio stands at 23.82.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.68 to a profit $0.65. For the current year, the average estimate is a profit of $3.21, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how McCormick &. has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 3,177 3,192 3,337 3,698 4,014
Diluted EPS ($) 1.94 2.27 2.75 2.79 3.04

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Nov. 30, 2011 Feb. 29, 2012 May. 31, 2012 Aug. 31, 2012 Nov. 30, 2012
Revenue ($) in millions 1,111 906.70 984.00 977.70 1,146
Diluted EPS ($) 0.98 0.55 0.60 0.78 1.11

Past Performance:
McCormick &. has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)