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Sherwin-Williams (SHW) Q3 Earnings, Revenues Miss Estimates
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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 $5.68 per share for the third quarter. It trailed the Zacks Consensus Estimate of $5.71.
Revenues
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.
The Sherwin-Williams Company Price and EPS Surprise
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.
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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Sherwin-Williams (SHW) Q3 Earnings, Revenues Miss 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 $5.68 per share for the third quarter. It trailed the Zacks Consensus Estimate of $5.71.
Revenues
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.
The Sherwin-Williams Company Price and EPS Surprise
The Sherwin-Williams Company Price and EPS Surprise | The Sherwin-Williams Company Quote
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.
Zacks Rank
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.
Market Reaction
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!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>