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Here's All You Must Note Ahead of McCormick (MKC) Q4 Earnings

Here's All You Must Note Ahead of McCormick (MKC) Q4 Earnings

以下是麥考密克(McCormick)第四季度收益之前你必須注意的所有事情
Zacks Equity Research ·  2020/01/21 00:00

McCormick & Company, Incorporated (MKC-Free Report) is slated to report fourth-quarter fiscal 2019 results on Jan 28. This spices and seasonings company delivered a positive earnings surprise of 13.2% in the last reported quarter. Further, its earnings have outperformed the Zacks Consensus Estimate by 5.9%, on average, in the trailing four quarters.

麥考密克公司,Inc.(MKC-Free Report)定於1月28日公佈2019年第四季度業績。這家香料和調味料公司在最近一個季度實現了13.2%的正收益驚喜。此外,在接下來的四個季度裏,該公司的收益平均比扎克斯普遍預期的高出5.9%。

The Zacks Consensus Estimate for fourth-quarter earnings has been stable at $1.63 per share over the past 30 days. This suggests a decline of 2.4% from the year-ago period’s reported figure. Nonetheless, the consensus mark for revenues stands at $1,510 million, indicating a rise of 0.7% from the figure reported in the year-ago period.

Zacks對第四季度收益的普遍估計在過去30天裏穩定在每股1.63美元。這表明,與去年同期報告的數字相比,下降了2.4%。儘管如此,營收的普遍目標是15.1億美元,比去年同期增長了0.7%。

The Zacks Consensus Estimate for fiscal 2019 earnings per share stands at $5.37, suggesting a rise of 8.1% from the year-ago period’s reported figure. The consensus mark for revenues stands at $5.37 billion.

Zacks對2019財年每股收益的普遍估計為5.37美元,比去年同期報告的數字增長了8.1%。營收的共識大關是53.7億美元。

McCormick & Company, Incorporated Price and EPS Surprise

麥考密克公司(McCormick&Company),聯合定價和每股收益驚喜

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Key Factors to Note

需要注意的關鍵因素

McCormick has been benefiting from constant innovation and product launches to tap the evolving consumer demand for new flavors, spices and herbs. Notably, the company’s performance in the first, second and third quarters of fiscal 2019 gained from new products along with advancements in the base business. In fact, new products have been boosting the company’s performance across some key market locations, such as the Americas and the Asia-Pacific regions.

麥考密克一直受益於不斷創新和產品推出,以滿足消費者對新口味、香料和草藥不斷變化的需求。值得注意的是,該公司在2019年第一季度、第二季度和第三季度的業績得益於新產品以及基礎業務的進步。事實上,新產品一直在提升公司在一些關鍵市場位置的業績,如美洲和亞太地區。

Further, the company’s efforts to enhance marketing strategies have been yielding results. Markedly, McCormick has also been increasing spending on digital marketing. In fact, through digital marketing, the company tries to connect with consumers in a personalized way to deliver recipes, provide cooking advice and discover products. Apart from this, the company’s acquisition of the food division of RB Foods (in 2017) has been a driver, given the latter’s solid brands like Frank's RedHot Hot Sauce and French's Mustard, French's Crispy Vegetables and Cattlemen's BBQ Sauce. In fact, Frank's RedHot and French's Mustard hold noteworthy positions in the United States and Canada.

此外,該公司加強營銷戰略的努力取得了成效。值得注意的是,麥考密克也一直在增加數字營銷方面的支出。事實上,通過數字營銷,該公司試圖以個性化的方式與消費者建立聯繫,以提供食譜、提供烹飪建議和發現產品。除此之外,該公司(2017年)收購了RB Foods的食品部門一直是一個推動力,因為後者擁有弗蘭克的紅辣醬和法國的芥末、法國的脆菜和牛人的燒烤醬等堅實的品牌。事實上,弗蘭克的紅辣和法國的芥末在美國和加拿大佔據着值得注意的位置。

McCormick has also been focused on its Comprehensive Continuous Improvement (CCI) program to cut costs and enhance productivity. Cost savings through CCI and streamlined actions led to a record of $118 million in fiscal 2018. Moreover, cost savings from CCI boosted adjusted operating income in the first, second and third quarters of fiscal 2019. In its last earnings call, management guided cost savings of $110 million in fiscal 2019 from the CCI program. The company expects sales growth of 1-2% (up 3-4% at cc) in the fiscal. Further, management anticipates adjusted operating income growth of 6-7% (8-9% at cc). Adjusted earnings for fiscal 2019 are envisioned in a band of $5.3-$5.35 per share, suggesting 9-10% growth.

McCormick還一直專注於其全面持續改進(CCI)計劃,以削減成本和提高生產率。通過CCI和簡化的行動節省的成本在2018財年達到創紀錄的1.18億美元。此外,CCI節省的成本提高了2019財年第一季度、第二季度和第三季度調整後的運營收入。在上一次財報電話會議上,管理層指導2019財年CCI計劃節省了1.1億美元的成本。該公司預計本財年銷售額將增長1-2%(按cc計算增長3-4%)。此外,管理層預計調整後的營業收入將增長6-7%(cc為8-9%)。預計2019年財年的調整後收益將在每股5.3-5.35美元之間,暗示增長9%-10%。

However, we cannot ignore the risks related to volatile currency movements. Evidently, adverse currency movements were a drag on McCormick’s top and bottom lines in the first, second and third quarters of fiscal 2019. Management had earlier predicted adverse impact of such headwinds on fiscal 2019 net sales, adjusted operating income and the bottom line.

然而,我們不能忽視與匯率波動相關的風險。顯然,不利的匯率走勢拖累了麥考密克在2019財年第一季度、第二季度和第三季度的營收和利潤。管理層早些時候曾預測,這些逆風將對2019財年的淨銷售額、調整後的營業收入和底線產生不利影響。

What the Zacks Model Unveils

扎克斯模式揭示了什麼

Our proven model does not conclusively predict an earnings beat for McCormick this time around. The combination of a positive and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our .

我們經過驗證的模型並不能最終預測麥考密克這一次的收益節拍。利好和Zacks排名#1(強力買入)、2(買入)或3(持有)的組合增加了盈利節拍的機率。但這裏的情況並非如此。你可以在我們的報告之前發現最好的股票買入或賣出。

Although McCormick carries a Zacks Rank #3, its Earnings ESP of -1.08% makes surprise prediction difficult.

儘管麥考密克的排名是扎克斯排名第三,但它的收益為-1.08%,這使得出人意料的預測變得很困難。

Stocks With Favorable Combinations

具有有利組合的股票

Here are some companies you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat:

以下是一些你可能想要考慮的公司,因為我們的模型顯示,這些公司擁有合適的要素組合,可以實現盈利節節攀升:

Darling Ingredients (-) presently has an Earnings ESP of +6.38% and a Zacks Rank #1. You can see

親愛的食材(-)目前的收益ESP為+6.38%,Zacks排名第一。您可以看到

Procter & Gamble (-) currently has an Earnings ESP of +2.19% and a Zacks Rank #2.

寶潔(-)目前的收益ESP為+2.19%,Zacks排名第二。

Altria (-) currently has an Earnings ESP of +0.29% and a Zacks Rank #3.

奧馳亞(-)目前的收益ESP為+0.29%,Zacks排名第三。

More Stock News: This Is Bigger than the iPhone!

更多股票新聞:這比iPhone還重要!

It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.

它可能成為所有技術革命之母。蘋果IPhone在10年內僅售出10億部,但一項新的突破預計將在短短3年內產生超過270億部設備,創造一個1.7萬億美元的市場。

Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.

扎克斯剛剛發佈了一份特別報告,強調了這一快速崛起的現象,併為利用這一現象提供了6個股票代碼。如果你不買現在,你可能會在2020年踢自己。

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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