Sherwin-Williams Q1 2024 Adj EPS $2.17 Misses $2.21 Estimate, Sales $5.370B Miss $5.505B Estimate
Portfolio Pulse from Benzinga Newsdesk
Sherwin-Williams reported Q1 2024 adjusted EPS of $2.17, missing the $2.21 estimate, and sales of $5.370B, below the $5.505B estimate. This represents a 1.32% decrease in sales compared to the same period last year.
April 23, 2024 | 11:01 am
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NEGATIVE IMPACT
Sherwin-Williams Q1 2024 earnings and sales missed estimates, with a slight decrease in sales compared to last year.
Missing both EPS and sales estimates, especially when coupled with a year-over-year decrease in sales, typically exerts downward pressure on a company's stock price in the short term. Investors often view earnings misses negatively, as they can indicate underlying issues with the company's performance or market conditions.
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