The Valspar Corporation (VAL) has missed the Zacks Consensus Estimate in four of the last five quarters and a recent decline in earnings estimates has pushed the Zacks Rank down to the lowest rating. Today VAL is the Bear of the Day.
Description
Valspar is a global leader in the paint and coatings industry.
Acquisition
The company announced that it was going to be acquired by Sherwin-Williams (SHW) for $113 per share or about $11.3B on March 21, 2016.
Earnings Misses
The company has missed the Zacks Consensus Estimate in four of the last five quarters including two straight misses. The most recent miss came on March 8 with the company reporting earnings of $0.52 when the Zacks Consensus was calling for $0.74.
Estimates
The 2017 Zacks Consensus Estimate has slide from $5.29 in November to $4.92 in February and is now at $4.49.
There has been a similar move in 2018 projections even as the company will likely be part of SHW by then. Still, those moves lower in earnings estimates are what drive the Zacks Rank.
Valspar Corporation (The) Price and Consensus
Valspar Corporation (The) Price and Consensus | Valspar Corporation (The) Quote
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Valspar Corporation (The) (VAL): Free Stock Analysis Report
Sherwin-Williams Company (The) (NYSE:SHW): Free Stock Analysis Report
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Zacks Investment Research