The Sherwin-Williams Company (SHW - Free Report) is a manufacturer, distributor and retailer of paint, coatings and related products.
Earnings
Sherwin-Williams’ adjusted earnings were $8.29 per share for the third quarter. It topped the Zacks Consensus Estimate of $7.80.
Revenues
Sherwin-Williams posted revenues of $5,122.2 million, up 5.2% year over year. The figure also beat the Zacks Consensus Estimate of $5,077.5 million.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for Sherwin-Williams for the third quarter has been going up over the past month. The company beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once, delivering an average surprise of around 6.6%.
Key Stats/Developments to Note
Sherwin-Williams expects consolidated net sales for the fourth quarter to increase 3-7% year over year. For 2020, it expects net sales to rise by a low single digit percentage. Based on these assumptions, the company raised its 2020 earnings per share (EPS) view to $21.49-to-$21.79 compared with $16.49 in 2019. Adjusted EPS for 2020 is expected to be between $24 and $24.30.
Zacks Rank
Currently, Sherwin-Williams has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Market Reaction
Sherwin-Williams’ shares were up 0.7% 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 Report) is a manufacturer, distributor and retailer of paint, coatings and related products.
Earnings
Sherwin-Williams’ adjusted earnings were $8.29 per share for the third quarter. It topped the Zacks Consensus Estimate of $7.80.
Revenues
Sherwin-Williams posted revenues of $5,122.2 million, up 5.2% year over year. The figure also beat the Zacks Consensus Estimate of $5,077.5 million.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for Sherwin-Williams for the third quarter has been going up over the past month. The company beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once, delivering an average surprise of around 6.6%.
Key Stats/Developments to Note
Sherwin-Williams expects consolidated net sales for the fourth quarter to increase 3-7% year over year. For 2020, it expects net sales to rise by a low single digit percentage. Based on these assumptions, the company raised its 2020 earnings per share (EPS) view to $21.49-to-$21.79 compared with $16.49 in 2019. Adjusted EPS for 2020 is expected to be between $24 and $24.30.
Zacks Rank
Currently, Sherwin-Williams has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Market Reaction
Sherwin-Williams’ shares were up 0.7% 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!
Just Released: Zacks’ 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.5% per year.
These 7 were selected because of their superior potential for immediate breakout.
See these time-sensitive tickers now >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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