Sherwin-Williams (SHW - Free Report) reported $6.12 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 1.2%. EPS of $3.20 for the same period compares to $2.83 a year ago.
The reported revenue represents a surprise of +1.87% over the Zacks Consensus Estimate of $6 billion. With the consensus EPS estimate being $2.77, the EPS surprise was +15.52%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Sherwin-Williams performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Number of Stores - Paint Stores Group: 4,660 versus the three-analyst average estimate of 4,662.
- Paint Stores Group - Net New Stores: 16 compared to the 18 average estimate based on three analysts.
- Number of Stores - Performance Coatings Group: 318 versus the three-analyst average estimate of 320.
- Net sales- Paint Stores Group: $3.54 billion compared to the $3.44 billion average estimate based on five analysts. The reported number represents a change of -1.8% year over year.
- Net sales- Consumer Brands Group: $854.80 million versus the five-analyst average estimate of $833.40 million. The reported number represents a year-over-year change of +21.8%.
- Net sales- Performance Coatings Group: $1.72 billion versus $1.71 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -1% change.
- Net sales- Administrative: $0.60 million versus the four-analyst average estimate of $1.18 million. The reported number represents a year-over-year change of -45.5%.
- Income Before income tax- Paint Stores Group: $917.50 million compared to the $800.77 million average estimate based on five analysts.
- Performance Coatings Group (PCG)- Adjusted segment profit: $329.40 million compared to the $292.11 million average estimate based on four analysts.
- Consumer Brands Group (CBG)- Adjusted segment profit: $117.60 million versus $117.72 million estimated by four analysts on average.
- Segment Profit- Administrative: -$289.80 million versus -$264.05 million estimated by two analysts on average.
- Segment Profit- Consumer Brands Group: $101.60 million compared to the $80.49 million average estimate based on two analysts.
View all Key Company Metrics for Sherwin-Williams here>>>Shares of Sherwin-Williams have returned -6.9% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
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Sherwin-Williams (SHW - Free Report) reported $6.12 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 1.2%. EPS of $3.20 for the same period compares to $2.83 a year ago.
The reported revenue represents a surprise of +1.87% over the Zacks Consensus Estimate of $6 billion. With the consensus EPS estimate being $2.77, the EPS surprise was +15.52%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Sherwin-Williams performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Number of Stores - Paint Stores Group: 4,660 versus the three-analyst average estimate of 4,662.
- Paint Stores Group - Net New Stores: 16 compared to the 18 average estimate based on three analysts.
- Number of Stores - Performance Coatings Group: 318 versus the three-analyst average estimate of 320.
- Net sales- Paint Stores Group: $3.54 billion compared to the $3.44 billion average estimate based on five analysts. The reported number represents a change of -1.8% year over year.
- Net sales- Consumer Brands Group: $854.80 million versus the five-analyst average estimate of $833.40 million. The reported number represents a year-over-year change of +21.8%.
- Net sales- Performance Coatings Group: $1.72 billion versus $1.71 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -1% change.
- Net sales- Administrative: $0.60 million versus the four-analyst average estimate of $1.18 million. The reported number represents a year-over-year change of -45.5%.
- Income Before income tax- Paint Stores Group: $917.50 million compared to the $800.77 million average estimate based on five analysts.
- Performance Coatings Group (PCG)- Adjusted segment profit: $329.40 million compared to the $292.11 million average estimate based on four analysts.
- Consumer Brands Group (CBG)- Adjusted segment profit: $117.60 million versus $117.72 million estimated by four analysts on average.
- Segment Profit- Administrative: -$289.80 million versus -$264.05 million estimated by two analysts on average.
- Segment Profit- Consumer Brands Group: $101.60 million compared to the $80.49 million average estimate based on two analysts.
View all Key Company Metrics for Sherwin-Williams here>>>Shares of Sherwin-Williams have returned -6.9% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Research Chief 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.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
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