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.
Investors should note that the earnings estimate for Sherwin-Williams for the third quarter has been going up over the past month. The company beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once, delivering an average surprise of around 6.6%.
Key Stats/Developments to Note
Sherwin-Williams expects consolidated net sales for the fourth quarter to increase 3-7% year over year. For 2020, it expects net sales to rise by a low single digit percentage. Based on these assumptions, the company raised its 2020 earnings per share (EPS) view to $21.49-to-$21.79 compared with $16.49 in 2019. Adjusted EPS for 2020 is expected to be between $24 and $24.30.
Sherwin-Williams’ shares were up 0.7% 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!
Just Released: Zacks’ 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.5% per year.
These 7 were selected because of their superior potential for immediate breakout.
Image: Bigstock
Sherwin-Williams (SHW) Tops Q3 Earnings, Revenue Estimates
The Sherwin-Williams Company (SHW - Free Report) is a manufacturer, distributor and retailer of paint, coatings and related products.
Earnings
Sherwin-Williams’ adjusted earnings were $8.29 per share for the third quarter. It topped the Zacks Consensus Estimate of $7.80.
Revenues
Sherwin-Williams posted revenues of $5,122.2 million, up 5.2% year over year. The figure also beat the Zacks Consensus Estimate of $5,077.5 million.
The SherwinWilliams Company Price and EPS Surprise
The SherwinWilliams Company price-eps-surprise | The SherwinWilliams Company Quote
Estimate Trend & Surprise History
Investors should note that the earnings estimate for Sherwin-Williams for the third quarter has been going up over the past month. The company beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once, delivering an average surprise of around 6.6%.
Key Stats/Developments to Note
Sherwin-Williams expects consolidated net sales for the fourth quarter to increase 3-7% year over year. For 2020, it expects net sales to rise by a low single digit percentage. Based on these assumptions, the company raised its 2020 earnings per share (EPS) view to $21.49-to-$21.79 compared with $16.49 in 2019. Adjusted EPS for 2020 is expected to be between $24 and $24.30.
Zacks Rank
Currently, Sherwin-Williams has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Market Reaction
Sherwin-Williams’ shares were up 0.7% 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!
Just Released: Zacks’ 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.5% per year.
These 7 were selected because of their superior potential for immediate breakout.
See these time-sensitive tickers now >>