• Sherwin-Williams’ first quarter adjusted earnings per share (EPS) fell short of predictions at $2.17, as opposed to projected $2.22.
• The net sales reported were $5.37 billion, lower than the estimated $5.51 billion.
• The Consumer Brands Group’s net sales came in at $811.0 million, missing the estimated $847.5 million.
• The Performance Coatings Group reported net sales of $1.68 billion, nearly hitting the estimated $1.69 billion.
• The Consumer Brands Group profit exceeded predictions with $153.4 million as opposed to the estimated $112 million.
• The Performance Coatings Group did not reach the estimated profit of $284.8 million, with a reported profit of $237.7 million.
• Sherwin-Williams’ capital expenditure for this period was significantly higher than predicted: $283.8 million rather than the projected $154.5 million.
• The year forecast remains unchanged with an adjusted EPS prediction ranging from $10.85 to $11.35, against the estimated $11.45, and an EPS ranging from $10.05 to $10.55.
• Current investment sentiment surrounding Sherwin-Williams includes 16 buys, 12 holds and 2 sells.
Sherwin Williams Co on Smartkarma
Analyst coverage on Sherwin Williams Co by Baptista Research on Smartkarma reveals positive sentiment towards the company’s recent performance and strategic moves. In their report titled “The Sherwin-Williams Company: Can Its Dominant Market Position Last? – Major Drivers,” Sherwin-Williams Company is applauded for its robust financial performance, with significant sales growth of 4.1% to $23.1 billion and a notable 18.6% increase in adjusted earnings per share to $10.35. The analysts express confidence in the company’s outlook for the upcoming quarters after a record year.
Furthermore, in the report “The Sherwin-Williams Company: Acquisition Game-Changer! How Oskar Nolte & Klumpp Coatings Set the Stage for Future Wins! – Major Drivers,” Sherwin Williams Co‘s successful management of challenges in the third quarter is highlighted. Despite a demanding comparison, the Paint Stores Group demonstrated resilience with a 3.6% sales increase. Particularly, the Protective & Marine sector stood out with double-digit percentage sales growth. The analyst reports emphasize the company’s ability to navigate market conditions effectively.
A look at Sherwin Williams Co Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 2.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
An investment analyst reviewing the Smartkarma Smart Scores for Sherwin Williams Co, sees a mixed long-term outlook for the company. With a Growth score of 3, Sherwin Williams Co is positioned moderately well for future expansion opportunities. This suggests potential for continued development and market growth strategies.
On the other hand, factors such as Value, Dividend, and Resilience scoring 2 each indicate a more neutral outlook in these areas for Sherwin Williams Co. While the company may not be particularly undervalued or high yielding, it appears to have moderate resilience in the face of challenges. Momentum, scoring the highest at 4, suggests a strong push or drive in the market, indicating favorable trends and positive market sentiment surrounding the company’s stock in recent times.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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