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Sherwin-Williams 2Q Earnings Pregame Scorecard

Having topped analysts' estimates last quarter by one cent per share, Sherwin-Williams (SHW) is expected to deliver its latest earnings on Thursday, July 19, 2012.


Analysts currently expect Sherwin-Williams to come in with earnings of $2.11 per share on revenues of $2.66 billion. Analyst estimates range from $2.04 per share to $2.17 per share. Over the past three months, the average estimate has moved up from $1.99.

Last Quarter's Results

In the first quarter, profit rose 46.7% to $100.2 million (95 cents a share) from $68.3 million (63 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 15.1% to $2.14 billion from $1.86 billion.

Stock Ratings

Analysts think investors should stand pat on Sherwin-Williams with nine of 12 analysts rating it hold. Analyst sentiment has been improving recently, as the average rating risen slightly over the past three months.

Stock Movement

In terms of price changes, the stock's best recent streak was when it gained $6.81 per share between June 1, 2012 and June 8, 2012. Looking at change over the last three months, from April 18, 2012 and July 13, 2012, the stock price is up $12.99 (11.1%), from $117.15 to $130.14.

Company Fundamental Trends

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 9.9% in the second quarter of the last fiscal year, 14.4% in the third quarter of the last fiscal year and 9.2% in the fourth quarter of the last fiscal year before increasing again in the first quarter. Profit has fallen by a year-over-year average of 8% during the previous four quarters, and the company is will try to reverse trend of recent drops in profit leading up to this earnings announcement. Summary

Reporting Period: 2Q

Date of Release: Thursday, July 19, 2012 before market open

EPS: $2.11

Revenue Estimate: $2.66 billion

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)