Insights into Sherwin-Williams's Upcoming Earnings

Sherwin-Williams (NYSE:SHW) is gearing up to announce its quarterly earnings on Tuesday, 2024-10-22. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Sherwin-Williams will report an earnings per share (EPS) of $3.54.

The market awaits Sherwin-Williams's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.

It's important for new investors to understand that guidance can be a significant driver of stock prices.

Earnings History Snapshot

Last quarter the company beat EPS by $0.22, which was followed by a 3.62% drop in the share price the next day.

Here's a look at Sherwin-Williams's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

3.48

2.21

1.80

2.77

EPS Actual

3.70

2.17

1.81

3.20

Price Change %

-4.0%

0.0%

-1.0%

2.0%

Performance of Sherwin-Williams Shares

Shares of Sherwin-Williams were trading at $388.36 as of October 18. Over the last 52-week period, shares are up 63.68%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Observations about Sherwin-Williams

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Sherwin-Williams.

Analysts have provided Sherwin-Williams with 16 ratings, resulting in a consensus rating of Outperform. ...