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.
Compared to Estimates, Sherwin-Williams (SHW) Q1 Earnings: A Look at Key Metrics
Read MoreHide Full Article
Sherwin-Williams (SHW - Free Report) reported $5.44 billion in revenue for the quarter ended March 2023, representing a year-over-year increase of 8.9%. EPS of $2.04 for the same period compares to $1.61 a year ago.
The reported revenue represents a surprise of +5.73% over the Zacks Consensus Estimate of $5.15 billion. With the consensus EPS estimate being $1.84, the EPS surprise was +10.87%.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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:
Paint Stores Group - Net New Stores: 4 compared to the 13 average estimate based on three analysts.
Number of Stores - Paint Stores Group: 4628 compared to the 4840 average estimate based on three analysts.
Net sales- Paint Stores Group: $2.86 billion versus the five-analyst average estimate of $2.86 billion. The reported number represents a year-over-year change of +8.1%.
Net sales- Consumer Brands Group: $872.70 million versus $621.24 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +24.8% change.
Net sales- Performance Coatings Group: $1.71 billion versus the five-analyst average estimate of $1.67 billion. The reported number represents a year-over-year change of +3.4%.
Net sales- Administrative: $0.80 million versus $1.21 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -27.3% change.
Income Before income tax- Paint Stores Group: $526.70 million versus $554.80 million estimated by five analysts on average.
Performance Coatings Group (PCG)- Adjusted segment profit: $268.80 million versus $245.06 million estimated by four analysts on average.
Consumer Brands Group (CBG)- Adjusted segment profit: $113.80 million compared to the $72.09 million average estimate based on four analysts.
Shares of Sherwin-Williams have returned +10.6% over the past month versus the Zacks S&P 500 composite's +4.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Compared to Estimates, Sherwin-Williams (SHW) Q1 Earnings: A Look at Key Metrics
Sherwin-Williams (SHW - Free Report) reported $5.44 billion in revenue for the quarter ended March 2023, representing a year-over-year increase of 8.9%. EPS of $2.04 for the same period compares to $1.61 a year ago.
The reported revenue represents a surprise of +5.73% over the Zacks Consensus Estimate of $5.15 billion. With the consensus EPS estimate being $1.84, the EPS surprise was +10.87%.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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:
- Paint Stores Group - Net New Stores: 4 compared to the 13 average estimate based on three analysts.
- Number of Stores - Paint Stores Group: 4628 compared to the 4840 average estimate based on three analysts.
- Net sales- Paint Stores Group: $2.86 billion versus the five-analyst average estimate of $2.86 billion. The reported number represents a year-over-year change of +8.1%.
- Net sales- Consumer Brands Group: $872.70 million versus $621.24 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +24.8% change.
- Net sales- Performance Coatings Group: $1.71 billion versus the five-analyst average estimate of $1.67 billion. The reported number represents a year-over-year change of +3.4%.
- Net sales- Administrative: $0.80 million versus $1.21 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -27.3% change.
- Income Before income tax- Paint Stores Group: $526.70 million versus $554.80 million estimated by five analysts on average.
- Performance Coatings Group (PCG)- Adjusted segment profit: $268.80 million versus $245.06 million estimated by four analysts on average.
- Consumer Brands Group (CBG)- Adjusted segment profit: $113.80 million compared to the $72.09 million average estimate based on four analysts.
View all Key Company Metrics for Sherwin-Williams here>>>Shares of Sherwin-Williams have returned +10.6% over the past month versus the Zacks S&P 500 composite's +4.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.