Sherwin-Williams Co reports results for the quarter ended June 30 - Earnings Summary

• Sherwin-Williams Co SHW.N reported quarterly adjusted earnings of $3.38​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $3.70. The mean expectation of twenty two analysts for the quarter was for earnings of $3.81 per share. Wall Street expected results to range from $3.62 to $3.96 per share.

• Revenue rose 0.7% to $6.31 billion from a year ago; analysts expected $6.30 billion.

• Sherwin-Williams Co's reported EPS for the quarter was $3.00​.

• The company reported quarterly net income of $754.7 million.

• Sherwin-Williams Co shares had fallen by 0.6% this quarter and gained 0.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.4% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy," 11 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the commodity chemicals peer group is also "buy"

• Wall Street's median 12-month price target for Sherwin-Williams Co is $400.00, about 14.7% above its last closing price of $341.30

This summary was machine generated from LSEG data July 22 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)