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Wall Street's Insights Into Key Metrics Ahead of Sherwin-Williams (SHW) Q3 Earnings
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In its upcoming report, Sherwin-Williams (SHW - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $3.65 per share, reflecting an increase of 1.7% compared to the same period last year. Revenues are forecasted to be $6.78 billion, representing a year-over-year increase of 6.7%.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
That said, let's delve into the average estimates of some Sherwin-Williams metrics that Wall Street analysts commonly model and monitor.
According to the collective judgment of analysts, 'Net Sales- Paint Stores Group' should come in at $4.04 billion. The estimate indicates a change of +5.3% from the prior-year quarter.
Analysts forecast 'Net Sales- Consumer Brands Group' to reach $929.25 million. The estimate points to a change of +20.7% from the year-ago quarter.
The consensus among analysts is that 'Net Sales- Performance Coatings Group' will reach $1.81 billion. The estimate points to a change of +3.7% from the year-ago quarter.
The combined assessment of analysts suggests that 'Net New Stores - Paint Stores Group' will likely reach 18 . The estimate compares to the year-ago value of 23 .
The average prediction of analysts places 'Total stores - Paint Stores Group' at 4,859 . The estimate compares to the year-ago value of 4,834 .
The collective assessment of analysts points to an estimated 'Segment Profit- Paint Stores Group' of $989.63 million. The estimate is in contrast to the year-ago figure of $954.30 million.
It is projected by analysts that the 'Adjusted segment profit- Performance Coatings Group (PCG)' will reach $307.84 million. Compared to the current estimate, the company reported $294.90 million in the same quarter of the previous year.
The consensus estimate for 'Adjusted segment profit- Consumer Brands Group (CBG)' stands at $212.03 million. Compared to the present estimate, the company reported $179.30 million in the same quarter last year.
Shares of Sherwin-Williams have experienced a change of +3.3% in the past month compared to an unchanged Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), SHW is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Wall Street's Insights Into Key Metrics Ahead of Sherwin-Williams (SHW) Q3 Earnings
In its upcoming report, Sherwin-Williams (SHW - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $3.65 per share, reflecting an increase of 1.7% compared to the same period last year. Revenues are forecasted to be $6.78 billion, representing a year-over-year increase of 6.7%.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
That said, let's delve into the average estimates of some Sherwin-Williams metrics that Wall Street analysts commonly model and monitor.
According to the collective judgment of analysts, 'Net Sales- Paint Stores Group' should come in at $4.04 billion. The estimate indicates a change of +5.3% from the prior-year quarter.
Analysts forecast 'Net Sales- Consumer Brands Group' to reach $929.25 million. The estimate points to a change of +20.7% from the year-ago quarter.
The consensus among analysts is that 'Net Sales- Performance Coatings Group' will reach $1.81 billion. The estimate points to a change of +3.7% from the year-ago quarter.
The combined assessment of analysts suggests that 'Net New Stores - Paint Stores Group' will likely reach 18 . The estimate compares to the year-ago value of 23 .
The average prediction of analysts places 'Total stores - Paint Stores Group' at 4,859 . The estimate compares to the year-ago value of 4,834 .
The collective assessment of analysts points to an estimated 'Segment Profit- Paint Stores Group' of $989.63 million. The estimate is in contrast to the year-ago figure of $954.30 million.
It is projected by analysts that the 'Adjusted segment profit- Performance Coatings Group (PCG)' will reach $307.84 million. Compared to the current estimate, the company reported $294.90 million in the same quarter of the previous year.
The consensus estimate for 'Adjusted segment profit- Consumer Brands Group (CBG)' stands at $212.03 million. Compared to the present estimate, the company reported $179.30 million in the same quarter last year.
View all Key Company Metrics for Sherwin-Williams here>>>Shares of Sherwin-Williams have experienced a change of +3.3% in the past month compared to an unchanged Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), SHW is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .