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Compared to Estimates, Sherwin-Williams (SHW) Q2 Earnings: A Look at Key Metrics
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Sherwin-Williams (SHW - Free Report) reported $6.24 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 6.3%. EPS of $3.29 for the same period compares to $2.41 a year ago.
The reported revenue represents a surprise of +3.73% over the Zacks Consensus Estimate of $6.02 billion. With the consensus EPS estimate being $2.71, the EPS surprise was +21.40%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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: 16 versus the three-analyst average estimate of 18.33.
Number of Stores - Paint Stores Group: 4644 versus 4646.33 estimated by three analysts on average.
Net sales- Paint Stores Group: $3.50 billion versus $3.41 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +4.7% change.
Net sales- Consumer Brands Group: $945.80 million versus the five-analyst average estimate of $852.01 million. The reported number represents a year-over-year change of +28.2%.
Net sales- Performance Coatings Group: $1.79 billion versus the five-analyst average estimate of $1.74 billion. The reported number represents a year-over-year change of +0.3%.
Net sales- Administrative: $1.20 million versus $1.18 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +20% change.
Income Before income tax- Paint Stores Group: $849.30 million compared to the $756.36 million average estimate based on four analysts.
Consumer Brands Group (CBG)- Adjusted segment profit: $148.30 million versus the three-analyst average estimate of $121.41 million.
Performance Coatings Group (PCG)- Adjusted segment profit: $322.30 million compared to the $294.60 million average estimate based on three analysts.
Segment Profit- Administrative: -$220.20 million versus the two-analyst average estimate of -$285.44 million.
Shares of Sherwin-Williams have returned +6.5% over the past month versus the Zacks S&P 500 composite's +4.9% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Compared to Estimates, Sherwin-Williams (SHW) Q2 Earnings: A Look at Key Metrics
Sherwin-Williams (SHW - Free Report) reported $6.24 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 6.3%. EPS of $3.29 for the same period compares to $2.41 a year ago.
The reported revenue represents a surprise of +3.73% over the Zacks Consensus Estimate of $6.02 billion. With the consensus EPS estimate being $2.71, the EPS surprise was +21.40%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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: 16 versus the three-analyst average estimate of 18.33.
- Number of Stores - Paint Stores Group: 4644 versus 4646.33 estimated by three analysts on average.
- Net sales- Paint Stores Group: $3.50 billion versus $3.41 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +4.7% change.
- Net sales- Consumer Brands Group: $945.80 million versus the five-analyst average estimate of $852.01 million. The reported number represents a year-over-year change of +28.2%.
- Net sales- Performance Coatings Group: $1.79 billion versus the five-analyst average estimate of $1.74 billion. The reported number represents a year-over-year change of +0.3%.
- Net sales- Administrative: $1.20 million versus $1.18 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +20% change.
- Income Before income tax- Paint Stores Group: $849.30 million compared to the $756.36 million average estimate based on four analysts.
- Consumer Brands Group (CBG)- Adjusted segment profit: $148.30 million versus the three-analyst average estimate of $121.41 million.
- Performance Coatings Group (PCG)- Adjusted segment profit: $322.30 million compared to the $294.60 million average estimate based on three analysts.
- Segment Profit- Administrative: -$220.20 million versus the two-analyst average estimate of -$285.44 million.
View all Key Company Metrics for Sherwin-Williams here>>>Shares of Sherwin-Williams have returned +6.5% over the past month versus the Zacks S&P 500 composite's +4.9% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.