For the quarter ended December 2023, Sherwin-Williams (SHW - Free Report) reported revenue of $5.25 billion, up 0.4% over the same period last year. EPS came in at $1.81, compared to $1.89 in the year-ago quarter.
The reported revenue represents a surprise of +0.81% over the Zacks Consensus Estimate of $5.21 billion. With the consensus EPS estimate being $1.80, the EPS surprise was +0.56%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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: 4,694 compared to the 4,697 average estimate based on two analysts.
- Net sales- Paint Stores Group: $2.94 billion versus $2.93 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -4.1% change.
- Net sales- Consumer Brands Group: $692.30 million versus the four-analyst average estimate of $645.77 million. The reported number represents a year-over-year change of +25.5%.
- Net sales- Performance Coatings Group: $1.61 billion versus $1.64 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +0.4% change.
- Net sales- Administrative: $1.10 million compared to the $0.84 million average estimate based on three analysts. The reported number represents a change of +120% year over year.
- Income Before income tax- Paint Stores Group: $567.30 million compared to the $559.60 million average estimate based on four analysts.
- Performance Coatings Group (PCG)- Adjusted segment profit: $278.70 million compared to the $261.71 million average estimate based on four analysts.
- Consumer Brands Group (CBG)- Adjusted segment profit: $74.70 million versus the four-analyst average estimate of $62.43 million.
View all Key Company Metrics for Sherwin-Williams here>>>Shares of Sherwin-Williams have returned -3.9% over the past month versus the Zacks S&P 500 composite's +2.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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For the quarter ended December 2023, Sherwin-Williams (SHW - Free Report) reported revenue of $5.25 billion, up 0.4% over the same period last year. EPS came in at $1.81, compared to $1.89 in the year-ago quarter.
The reported revenue represents a surprise of +0.81% over the Zacks Consensus Estimate of $5.21 billion. With the consensus EPS estimate being $1.80, the EPS surprise was +0.56%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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: 4,694 compared to the 4,697 average estimate based on two analysts.
- Net sales- Paint Stores Group: $2.94 billion versus $2.93 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -4.1% change.
- Net sales- Consumer Brands Group: $692.30 million versus the four-analyst average estimate of $645.77 million. The reported number represents a year-over-year change of +25.5%.
- Net sales- Performance Coatings Group: $1.61 billion versus $1.64 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +0.4% change.
- Net sales- Administrative: $1.10 million compared to the $0.84 million average estimate based on three analysts. The reported number represents a change of +120% year over year.
- Income Before income tax- Paint Stores Group: $567.30 million compared to the $559.60 million average estimate based on four analysts.
- Performance Coatings Group (PCG)- Adjusted segment profit: $278.70 million compared to the $261.71 million average estimate based on four analysts.
- Consumer Brands Group (CBG)- Adjusted segment profit: $74.70 million versus the four-analyst average estimate of $62.43 million.
View all Key Company Metrics for Sherwin-Williams here>>>Shares of Sherwin-Williams have returned -3.9% over the past month versus the Zacks S&P 500 composite's +2.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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