3M (NYSE:MMM) is set to announce earnings this Friday morning. Last quarter, the company beat revenue expectations by 1.5%, reporting $5.78 billion in revenues, down 3.9% year on year. Analysts expect revenue to decline 2.4% year on year to $6.10 billion this quarter, with adjusted earnings of $2.01 per share. Analysts have been bearish, with 5 downward revenue revisions in the last 30 days. In the industrial machinery segment, Worthington beat revenue estimates by 5.6%, trading up 1.8%. Share prices in the segment are up 7% on average in the last month. 3M’s average analyst price target is $154.55.

Read more at Stock story: 3M (MMM) Q2 Earnings: What To Expect