Sherwin-Williams Reaffirms 2024 Adj. EPS Guidance $10.85-$11.35 vs $11.44 Est.
Portfolio Pulse from Benzinga Newsdesk
Sherwin-Williams has reaffirmed its adjusted earnings per share (EPS) guidance for 2024, projecting a range of $10.85 to $11.35, which is below the estimated $11.44.
April 23, 2024 | 11:01 am
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Sherwin-Williams reaffirms its 2024 adjusted EPS guidance to be between $10.85 and $11.35, below the analyst estimate of $11.44.
Reaffirming an EPS guidance that is below analyst expectations can lead to negative investor sentiment as it may indicate that the company's financial performance might not meet market forecasts. This could potentially lead to a short-term decrease in stock price due to adjusted investor expectations.
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