McCormick Likely To Report Lower Q3 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Benzinga Earnings09-23 15:24

McCormick & Company, Incorporated (NYSE:MKC) will release earnings for its third quarter before the opening bell on Thursday, Oct. 1.

Analysts expect the Hunt Valley, Maryland-based company to report quarterly earnings of 76 cents per share, down from 85 cents per share in the year-ago period. The consensus estimate for MKC’s quarterly revenue is $1.98 billion. It reported $1.72 billion last year, according to Benzinga Pro.

On June 25, McCormick reported second-quarter results that exceeded Wall Street expectations.

McCormick shares gained 1.1% to close at $49.42 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

JP Morgan analyst Thomas Palmer maintained an Overweight rating and cut the price target from $63 to $62 on Sept. 18, 2026. This analyst has an accuracy rate of 50%.
TD Cowen analyst Robert Moskow downgraded the stock from Buy to Hold and cut the price target from $60 to $55 on Sept. 14, 2026. This analyst has an accuracy rate of 64%.
UBS analyst Peter Grom maintained the stock with a Neutral rating and raised the price target from $51 to $52 on June 26, 2026. This analyst has an accuracy rate of 61%.
BTIG analyst Rob Dickerson initiated coverage on the stock with a Neutral rating on April 14, 2026. This analyst has an accuracy rate of 66%.

Considering buying MKC stock? Here’s what analysts think:

Photo via Shutterstock

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It reported $1.72 billion last year, according to Benzinga Pro.</p>\n<p>On June 25, McCormick reported second-quarter results that exceeded Wall Street expectations.</p>\n<p>McCormick shares gained 1.1% to close at $49.42 on Tuesday.</p>\n<p>Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.</p>\n<p>Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.</p>\n<ul>\n<li>JP Morgan analyst Thomas Palmer maintained an Overweight rating and cut the price target from $63 to $62 on Sept. 18, 2026. This analyst has an accuracy rate of 50%.</li>\n<li>TD Cowen analyst Robert Moskow downgraded the stock from Buy to Hold and cut the price target from $60 to $55 on Sept. 14, 2026. 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The consensus estimate for MKC’s quarterly revenue is $1.98 billion. It reported $1.72 billion last year, according to Benzinga Pro.</p>\n<p>On June 25, McCormick reported second-quarter results that exceeded Wall Street expectations.</p>\n<p>McCormick shares gained 1.1% to close at $49.42 on Tuesday.</p>\n<p>Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.</p>\n<p>Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.</p>\n<ul>\n<li>JP Morgan analyst Thomas Palmer maintained an Overweight rating and cut the price target from $63 to $62 on Sept. 18, 2026. This analyst has an accuracy rate of 50%.</li>\n<li>TD Cowen analyst Robert Moskow downgraded the stock from Buy to Hold and cut the price target from $60 to $55 on Sept. 14, 2026. This analyst has an accuracy rate of 64%.</li>\n<li>UBS analyst Peter Grom maintained the stock with a Neutral rating and raised the price target from $51 to $52 on June 26, 2026. This analyst has an accuracy rate of 61%.</li>\n<li>BTIG analyst Rob Dickerson initiated coverage on the stock with a Neutral rating on April 14, 2026. This analyst has an accuracy rate of 66%.</li>\n</ul>\n<p>Considering buying MKC stock? 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The consensus estimate for MKC’s quarterly revenue is $1.98 billion. It reported $1.72 billion last year, according to Benzinga Pro.\nOn June 25, McCormick reported second-quarter results that exceeded Wall Street expectations.\nMcCormick shares gained 1.1% to close at $49.42 on Tuesday.\nBenzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.\nLet’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.\n\nJP Morgan analyst Thomas Palmer maintained an Overweight rating and cut the price target from $63 to $62 on Sept. 18, 2026. This analyst has an accuracy rate of 50%.\nTD Cowen analyst Robert Moskow downgraded the stock from Buy to Hold and cut the price target from $60 to $55 on Sept. 14, 2026. 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