3M Company (MMM) is a diversified technology company that manufactures and markets a variety of products and services with a market cap of $82.3 billion. The Saint Paul, Minnesota-based company operates through Safety and Industrial, Transportation and Electronics, and Consumer segments. With a legacy of over a century, 3M leverages its proprietary technologies to solve real-world problems across industries. 

The company is expected to release its Q2 2025 earnings before the market opens on Friday, July 18. Ahead of this event, analysts project MMM to report a non-GAAP profit of $2.01 per share, up 4.2% from $1.93 per share reported in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in each of the past four quarters, which is impressive.

For the fiscal year 2025, analysts forecast the 3M Company to report an adjusted EPS of $7.68, marking a 5.2% increase from the $7.30 reported in fiscal 2024. In fiscal 2026, its earnings are expected to improve 8.3% year-over-year to $8.32 per share.

Shares of MMM have climbed 49.9% over the past 52 weeks, significantly outpacing the S&P 500 Index's ($SPX) 11.9% rise and the Industrial Select Sector SPDR Fund’s (XLI) 22.8% returns during the same time frame.

MMM has outpaced the broader market over the past year, largely fueled by the strong performance of its Safety and Industrial segment. A surge in demand for cable accessories, driven by the expansion of data centers and renewable energy infrastructure, combined with growing orders for industrial and electronics bonding solutions, has further bolstered the company’s momentum.

On Apr. 22, the stock popped more than 8% after the company announced its Q1 2025 earnings. It delivered a solid performance with adjusted sales rising marginally year-over-year to $5.8 billion, driven by 1.5% organic growth. Adjusted EPS climbed 10% to $1.88, surpassing expectations. The company also saw strong margin expansion, with its adjusted operating margin improving by 220 basis points to 23.5%. 

Analysts' consensus view on MMM is fairly bullish, with a "Moderate Buy" rating overall. Among 16 analysts covering the stock, 10 suggest a "Strong Buy," three give a "Hold," one recommends a "Moderate Sell,” and two give a “Strong Sell” rating. Its mean price target of $156.53 represents a 3.1% premium to current price levels.