
When spice and condiment manufacturer McCormick (NYSE:MKC) released earnings back in June, analysts and short sellers were pretty bearish on the stock. The company beat on earnings and revenue estimates and then broke above resistance as a result of the earnings report. Now it is time for the next earnings report and those two groups haven’t changed their opinion of the stock — in fact, they are even more bearish now.
McCormick is set to report earnings again on Thursday morning before the open, with analysts expecting the company to report earnings per share of $1.26 on revenue of $1.36 billion.
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