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Sherwin-Williams (SHW) Q1 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 $3.60 per share for the first quarter. It missed the Zacks Consensus Estimate of $3.63.
Revenues
Sherwin-Williams posted first-quarter revenues of $4,040.9 million, up around 2% year over year. It missed the Zacks Consensus Estimate of $4,080.4 million.
The Sherwin-Williams Company Price and EPS Surprise
Investors should note that the earnings estimate for Sherwin-Williams for the first quarter has been going down over the past month. The company has beaten the Zacks Consensus Estimate in two of the trailing four quarters and missed twice, with an average beat of around 3.8%.
Key Stats/Developments to Note
The company reaffirmed its adjusted earnings per share guidance of $20.40- $21.40 for 2019.
Sherwin-Williams projects 2-5% increase in net sales year over year for second-quarter 2019. For full-year 2019, Sherwin-Williams projects 4-7% increase in net sales from 2018.
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) Q1 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 $3.60 per share for the first quarter. It missed the Zacks Consensus Estimate of $3.63.
Revenues
Sherwin-Williams posted first-quarter revenues of $4,040.9 million, up around 2% year over year. It missed the Zacks Consensus Estimate of $4,080.4 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 first quarter has been going down over the past month. The company has beaten the Zacks Consensus Estimate in two of the trailing four quarters and missed twice, with an average beat of around 3.8%.
Key Stats/Developments to Note
The company reaffirmed its adjusted earnings per share guidance of $20.40- $21.40 for 2019.
Sherwin-Williams projects 2-5% increase in net sales year over year for second-quarter 2019. For full-year 2019, Sherwin-Williams projects 4-7% increase in net sales from 2018.
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!
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 7 stocks to watch. The report is only available for a limited time.
See 7 breakthrough stocks now>>