We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Sherwin-Williams (SHW) Dips More Than Broader Markets: What You Should Know
Read MoreHide Full Article
Sherwin-Williams (SHW - Free Report) closed at $265.26 in the latest trading session, marking a -1.04% move from the prior day. This change lagged the S&P 500's 0.75% loss on the day.
Coming into today, shares of the paint and coatings maker had lost 0.49% in the past month. In that same time, the Construction sector gained 1.16%, while the S&P 500 gained 0.32%.
Sherwin-Williams will be looking to display strength as it nears its next earnings release. On that day, Sherwin-Williams is projected to report earnings of $2.78 per share, which would represent year-over-year growth of 4.91%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6 billion, up 11.46% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $9.48 per share and revenue of $21.88 billion. These totals would mark changes of +16.32% and +9.68%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Sherwin-Williams. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Sherwin-Williams is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note Sherwin-Williams's current valuation metrics, including its Forward P/E ratio of 28.28. Its industry sports an average Forward P/E of 26.08, so we one might conclude that Sherwin-Williams is trading at a premium comparatively.
Investors should also note that SHW has a PEG ratio of 2.14 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Paints and Related Products industry currently had an average PEG ratio of 3.39 as of yesterday's close.
The Paints and Related Products industry is part of the Construction sector. This group has a Zacks Industry Rank of 106, putting it in the top 42% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Sherwin-Williams (SHW) Dips More Than Broader Markets: What You Should Know
Sherwin-Williams (SHW - Free Report) closed at $265.26 in the latest trading session, marking a -1.04% move from the prior day. This change lagged the S&P 500's 0.75% loss on the day.
Coming into today, shares of the paint and coatings maker had lost 0.49% in the past month. In that same time, the Construction sector gained 1.16%, while the S&P 500 gained 0.32%.
Sherwin-Williams will be looking to display strength as it nears its next earnings release. On that day, Sherwin-Williams is projected to report earnings of $2.78 per share, which would represent year-over-year growth of 4.91%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6 billion, up 11.46% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $9.48 per share and revenue of $21.88 billion. These totals would mark changes of +16.32% and +9.68%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Sherwin-Williams. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Sherwin-Williams is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note Sherwin-Williams's current valuation metrics, including its Forward P/E ratio of 28.28. Its industry sports an average Forward P/E of 26.08, so we one might conclude that Sherwin-Williams is trading at a premium comparatively.
Investors should also note that SHW has a PEG ratio of 2.14 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Paints and Related Products industry currently had an average PEG ratio of 3.39 as of yesterday's close.
The Paints and Related Products industry is part of the Construction sector. This group has a Zacks Industry Rank of 106, putting it in the top 42% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.