Sherwin-Williams' Q1 Earnings Top Estimates, Cuts Profit View
Zacks Investment Research | Apr 23, 2018 11:58PM ET
The Sherwin-Williams Company (NYSE:SHW) logged net income (as reported) of $2.62 per share for the first quarter of 2018, up around 4% from $2.53 per share recorded a year ago.
Adjusted earnings (barring acquisition-related costs) for the quarter came in at $3.57 per share, beating the Zacks Consensus Estimate of $3.14.
Sherwin-Williams posted record first-quarter revenues of $3,965 million, up roughly 44% year over year. Sales were driven by the addition of Valspar sales, higher selling prices and increased paint sales volumes in the Americas Group unit. Revenues, however, missed the Zacks Consensus Estimate of $3,984 million.
The Sherwin-Williams Company Price, Consensus and EPS Surprise
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Zacks Rank and Stocks to Consider
Sherwin-Williams is a Zacks Rank #2 (Buy) stock.
Some other top-ranked stocks in the basic materials space are Kronos Worldwide Inc. (NYSE:KRO) , Celanese Corp. (NYSE:CE) and Methanex Corp. (NASDAQ:MEOH) .
Kronos has an expected long-term earnings growth rate of 5% and flaunts a Zacks Rank #1 (Strong Buy). The company’s shares have moved up 45.2% in a year. You can see the complete list of today’s Zacks #1 Rank stocks here .
Celanese has an expected long-term earnings growth rate of 8.9% and flaunts a Zacks Rank #1. Its shares have gained 25% over a year.
Methanex has an expected long-term earnings growth rate of 15% and carries a Zacks Rank #2. Its shares have gained 44.7% over a year.
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