3M stock falls 1.43 percent as quarterly earnings beat estimates

Published on 09/23/2026 at 14:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

3M stock closed at USD 148.60 on September 23, 2026, down 1.43 percent on the NYSE. Second-quarter EPS reached USD 2.40 and revenue USD 6.50 billion.

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3M Company (ISIN US88579Y1010) closed at USD 148.60 on the NYSE on September 23, 2026, down 1.43 percent from the prior close of USD 150.75. The move leaves the stock 25.9 percent below its 52-week high of USD 200.51, while the latest quarterly figures show earnings above consensus.

Quarterly earnings beat estimates

According to MarketBeat on September 23, 2026, 3M reported USD 2.40 earnings per share for the quarter ended June 30, 2026, exceeding the USD 2.25 consensus estimate by USD 0.15. Revenue reached USD 6.50 billion, above the USD 6.40 billion estimate and 2.5 percent higher than in the year-earlier quarter.

The comparison is also positive on earnings: the company reported USD 2.16 EPS in the prior-year quarter, so the latest figure was USD 0.24 higher. MarketBeat also reported that 3M maintained fiscal 2026 EPS guidance of USD 8.800 to USD 8.950.

Valuation remains above consensus

MarketBeat reported on September 23, 2026, that the current analyst consensus was Hold with an average price target of USD 177.21. Relative to the September 23 closing price of USD 148.60, that target is USD 28.61 higher, or 19.3 percent above the market level, but it is not a recommendation from this article.

The valuation picture is mixed. The same MarketBeat report listed a price-to-earnings ratio of 30.02, while the stock's 50-day moving average stood at USD 173.13 and the 200-day moving average at USD 159.33. The closing price was below both averages, giving the earnings beat a less supportive technical backdrop.

Stock trades below yearly high

NYSE data reported by TechGraph showed a September 23, 2026 trading range of USD 148.14 to USD 151.22, volume of 2.68 million shares and market capitalization of USD 81.73 billion. The 52-week range was USD 88.89 to USD 200.51, placing the close USD 59.71 above the low and USD 51.91 below the high.

For investors, the key contrast is clear: second-quarter revenue rose 2.5 percent year over year and EPS exceeded consensus by USD 0.15, yet the stock finished September 23 at USD 148.60, below its 50-day and 200-day moving averages. That gap makes the next reported operating update more important than the earnings beat alone.

3M stock closes at USD 148.60

3M stock closed at USD 148.60 on the NYSE on September 23, 2026, with a daily change of minus 1.43 percent. The same trading snapshot showed market capitalization of USD 81.73 billion and volume of 2.68 million shares.