The Sherwin-Williams Company (SHW - Free Report) is a manufacturer, distributor and retailer of paint, coatings and related products.
Sherwin-Williams’ adjusted earnings were $5.68 per share for the third quarter. It trailed the Zacks Consensus Estimate of $5.71.
Sherwin-Williams posted third-quarter revenues of $4,731.5 million, up roughly 5% year over year. It missed the Zacks Consensus Estimate of $4,779 million.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for Sherwin-Williams for the third quarter has been going down over the past month. The company has beaten the Zacks Consensus Estimate in three of the trailing four quarters and missed once, with an average beat of around 2.5%.
Key Stats/Developments to Note
Sherwin-Williams projects mid-single digit percentage increase in net sales year over year for fourth-quarter 2018.
For full-year 2018, Sherwin-Williams projects high teen percentage increase in net sales from 2017. At this level, the company now expects earnings per share for the year to be in the range of $13.85 to $14.00 per share. The company also narrowed its adjusted earnings per share guidance for 2018 to $19.05 to $19.20.
Currently, Sherwin-Williams has a Zacks Rank #3 (Hold), but that could change following the company’s earnings report which was just released. Meanwhile, you can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Sherwin-Williams’ shares were inactive in the pre-market trading. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on Sherwin-Williams’ earnings report!
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