The Sherwin-Williams Company SHW is a manufacturer, distributor and retailer of paint, coatings and related products.
Sherwin-Williams’ adjusted earnings were $3.60 per share for the first quarter. It missed the Zacks Consensus Estimate of $3.63.
Sherwin-Williams posted first-quarter revenues of $4,040.9 million, up around 2% year over year. It missed the Zacks Consensus Estimate of $4,080.4 million.
The Sherwin-Williams Company Price and EPS Surprise
The Sherwin-Williams Company Price and EPS Surprise | The Sherwin-Williams Company Quote
Estimate Trend & Surprise History
Investors should note that the earnings estimate for Sherwin-Williams for the first quarter has been going down over the past month. The company has beaten the Zacks Consensus Estimate in two of the trailing four quarters and missed twice, with an average beat of around 3.8%.
Key Stats/Developments to Note
The company reaffirmed its adjusted earnings per share guidance of $20.40- $21.40 for 2019.
Sherwin-Williams projects 2-5% increase in net sales year over year for second-quarter 2019. For full-year 2019, Sherwin-Williams projects 4-7% increase in net sales from 2018.
Currently, Sherwin-Williams has a Zacks Rank #3 (Hold), but that could change following the company’s earnings report which was just released. Meanwhile, you can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Sherwin-Williams’ shares were inactive in the pre-market trading. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on Sherwin-Williams’ earnings report!
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The Sherwin-Williams Company (SHW) : Free Stock Analysis Report
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