PREVIEW: 3M seen reporting higher rev, EPS in results due Tuesday

Shares of 3M Co MMM.N are down 1.48% on Fri, with the industrial co due to report higher rev and EPS in its qtrly results, due before the bell on Tues

Analysts expect Q4 rev for MMM of $6.01 bln vs $5.81 bln a yr ago, and EPS of $1.80 vs $1.68 a yr ago, according to LSEG

The co's median 12-mo PT is $180, with the stock last at $168.56

Analyst ratings on the stock include 10 "strong buy" or "buy" ratings, nine "hold" ratings and one "sell" rating, per LSEG

In October, 3M raised its annual profit forecast, driven by cost-cutting measures and a shift toward high-margin products

3M shares are up 5.2% YTD, compared with a roughly 3% gain in the Dow Jones industrial average .DJI

The S&P 500 industrials index .SPLRCI has hit record closing highs this week and is up about 7.5% YTD, outperforming the benchmark S&P 500's 1.6% YTD gain

Options imply a 4.5% swing in either direction for MMM shares on Tuesday, according to options analytics service ORATS; that's below the 6.8% average move the stock has logged on the day of results over past 12 quarters