The Valspar Corporation (VAL) has missed the Zacks Consensus Estimate in four of the last five quarters and a recent decline in earnings estimates has pushed the Zacks Rank down to the lowest rating. Today VAL is the Bear of the Day.
Description
Valspar is a global leader in the paint and coatings industry.
Acquisition
The company announced that it was going to be acquired by Sherwin-Williams (SHW) for $113 per share or about $11.3B on March 21, 2016.
Earnings Misses
The company has missed the Zacks Consensus Estimate in four of the last five quarters including two straight misses. The most recent miss came on March 8 with the company reporting earnings of $0.52 when the Zacks Consensus was calling for $0.74.
Estimates
The 2017 Zacks Consensus Estimate has slide from $5.29 in November to $4.92 in February and is now at $4.49.
There has been a similar move in 2018 projections even as the company will likely be part of SHW by then. Still, those moves lower in earnings estimates are what drive the Zacks Rank.
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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.
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The Valspar Corporation (VAL) has missed the Zacks Consensus Estimate in four of the last five quarters and a recent decline in earnings estimates has pushed the Zacks Rank down to the lowest rating. Today VAL is the Bear of the Day.
Description
Valspar is a global leader in the paint and coatings industry.
Acquisition
The company announced that it was going to be acquired by Sherwin-Williams (SHW) for $113 per share or about $11.3B on March 21, 2016.
Earnings Misses
The company has missed the Zacks Consensus Estimate in four of the last five quarters including two straight misses. The most recent miss came on March 8 with the company reporting earnings of $0.52 when the Zacks Consensus was calling for $0.74.
Estimates
The 2017 Zacks Consensus Estimate has slide from $5.29 in November to $4.92 in February and is now at $4.49.
There has been a similar move in 2018 projections even as the company will likely be part of SHW by then. Still, those moves lower in earnings estimates are what drive the Zacks Rank.
Zacks' Hidden Trades
While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?
Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors.
Click here for Zacks' scret trade>>
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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