Exploring Analyst Estimates for Sherwin-Williams (SHW) Q3 Earnings, Beyond Revenue and EPS

The upcoming report from Sherwin-Williams (SHW) is expected to reveal quarterly earnings of $3.46 per share, indicating an increase of 2.7% compared to the year-ago period. Analysts forecast revenues of $6.2 billion, representing an increase of 0.7% year over year.Over the last 30 days, there has been a downward revision of 0.9% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.Given this perspective, it's time to examine the average forecasts of specific Sherwin-Williams metrics that are routinely monitored and predicted by Wall Street analysts.The collective assessment of analysts points to an estimated 'Net sales- Paint Stores Group' of $3.71 billion. The estimate indicates a change of +1.7% from the prior-year quarter.Analysts' assessment points toward 'Net sales- Consumer Brands Group' reaching $739.45 million. The estimate points to a change of -6.5% from the year-ago quarter.Analysts forecast 'Net sales- Performance Coatings Group' to reach $1.74 billion. The estimate points to a change of +1.4% from the year-ago quarter.The consensus among analysts is that 'Net New Stores - Paint Stores Group' will reach 20 . The estimate compares to the year-ago value of 19 .The combined assessment of analysts suggests that 'Number of Stores - Paint Stores Group' will likely reach 4,831 . Compared to the current estimate, the company reported 4,739 in the same quarter of the previous year.Analysts expect 'Segment Profit- Paint Stores Group' to come in at $939.57 million. The estimate is in contrast to the year-ago figure of $895.90 million.Analysts predict that the 'Adjusted segment profit- Performance Coatings Group (PCG)' will reach $308.96 million. Compared to the present estimate, the company reported $308.90 million in the same quarter last year.According to the collective judgment of analysts, 'Adjusted segment profit- Consumer Brands Group (CBG)' should come in at $167.63 million. Compared to the current estimate, the company reported $181.40 million in the same quarter of the previous year. View all Key Company Metrics for Sherwin-Williams here>>> Sherwin-Williams shares have witnessed a change of -2.7% in the past month, in contrast to the Zacks S&P 500 composite's +0.2% move. With a Zacks Rank #3 (Hold), SHW is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .Radical New Technology Could Hand Investors Huge GainsQuantum Computing is the next technological revolution, and it could be even more advanced than AI.While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.See Top Quantum Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Sherwin-Williams Company (SHW): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks