Sherwin-Williams Company Upcoming Quarterly Earnings on Deck

S&P 500 (NYSE:SPY) component Sherwin-Williams Company (NYSE:SHW) will unveil its latest earnings on Tuesday, October 25, 2011. Sherwin-Williams is a manufacturer and distributor of paint, coatings and related products. While its professional, industrial, commercial and retail customers are mainly in North and South America, the company also has operations in Europe, Asia and the Caribbean.

Sherwin-Williams Company Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.70 per share, a rise of 6.2% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1.73. Between one and three months ago, the average estimate moved down. It has been unchanged at $1.70 during the last month. Analysts are projecting profit to rise by 8.1% versus last year to $4.80.

Past Earnings Performance: Last quarter, the company missed estimates by 11 cents, coming in at net income of $1.66 per share versus a mean estimate of profit of $1.77 per share. In the first quarter, the company beat estimates by 11 cents.

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Wall St. Revenue Expectations: On average, analysts predict $2.43 billion in revenue this quarter, a rise of 12% from the year ago quarter. Analysts are forecasting total revenue of $8.64 billion for the year, a rise of 11.1% from last year’s revenue of $7.78 billion.

Analyst Ratings: Analysts seem relatively indifferent about Sherwin-Williams Company with nine of 13 analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, profit fell 1.4% to $179.1 million ($1.66 a share) from $181.7 million ($1.64 a share) the year earlier, missing analyst expectations. Revenue rose 9.9% to $2.35 billion from $2.14 billion.

Key Stats:

The decrease in profit in the second quarter broke a streak of three consecutive quarters of year-over-year profit increases. Net income rose more than twofold in the first quarter, 11.6% in the fourth quarter of the last fiscal year and 0% in the third quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue rose 18.5% in the first quarter from the year earlier, climbed 18.6% in the fourth quarter of the last fiscal year from the year-ago quarter and 8.8% in the third quarter of the last fiscal year.

Competitors to Watch: PPG Industries, Inc. (NYSE:PPG), The Home Depot, Inc. (NYSE:HD), Lowe’s Companies, Inc. (NYSE:LOW), The Valspar Corporation (NYSE:VAL), RPM International Inc. (NYSE:RPM), Tractor Supply Company (NASDAQ:TSCO), Builders FirstSource, Inc. (NASDAQ:BLDR).

Stock Price Performance: During September 21, 2011 to October 19, 2011, the stock price had risen $5.90 (8.3%) from $71.43 to $77.33. The stock price saw one of its best stretches over the last year between December 7, 2010 and December 22, 2010 when shares rose for 12-straight days, rising 10.1% (+$7.65) over that span. It saw one of its worst periods between September 14, 2011 and September 22, 2011 when shares fell for seven-straight days, falling 8.3% (-$6.32) over that span. Shares are down $5.30 (-6.4%) year to date.

(Source: Xignite Financials)

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