NEW YORK (TheStreet) -- McCormick (MKC) - Get Report stock closed higher by 0.36% to $102.02 on Tuesday before the food company reports its fiscal 2016 second quarter financial results Thursday before the market open.
Analysts are expecting the Sparks, MD-based spices and condiments manufacturer to deliver a year-over-year decline in earnings per share, but an increase in revenue.
Wall Street is anticipating earnings of 74 cents per share for the quarter, down from 75 cents per share for the same period last year.
Revenue is estimated to fall 3.9% to $1.06 billion for the latest quarter, compared with $1.02 billion for the fiscal 2015 second quarter.
"We expect a focus on U.S. consumer dynamics, progress made in key emerging markets, and an update on input costs versus expectations," Deutsche Bank analysts said in a recent note, adding that management should also provide an update on cost save initiatives.
Separately, McCormick has a "buy" rating and a letter grade of A- at TheStreet Ratings because of the company's solid stock price performance, revenue growth, expanding profit margins, growth in earnings per share and increase in net income.
You can view the full analysis from the report here: MKC
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.