The Sherwin-Williams Company (NYSE:SHW) is a manufacturer, distributor and retailer of paint, coatings and related products.
Earnings
Sherwin-Williams’ adjusted earnings were $6.65 per share for the third quarter. It topped the Zacks Consensus Estimate of $6.46.
Revenues
Sherwin-Williams posted revenues of $4,867.7 million, up around 3% year over year. It beat the Zacks Consensus Estimate of $4,819.8 million.
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 beat the Zacks Consensus Estimate in one of the trailing four quarters and missed thrice, delivering an average positive surprise of around 0.4%.
Key Stats/Developments to Note
The company raised its adjusted earnings per share guidance for 2019 to the range of $20.90-$21.30.
Zacks Rank
Currently, Sherwin-Williams has a Zacks Rank #4 (Sell), 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!
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The Sherwin-Williams Company (SHW): Free Stock Analysis Report
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