Streetbeat News

Earnings

SHW

Sherwin-Williams shares are trading lower due to worse-than-expected Q1 earnings.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 11:02 am

R

Ryder System, Inc. projects its Q2 adjusted earnings per share (EPS) to be in the range of $2.75 to $2.95, aligning closely with the estimated $2.83.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 11:02 am

SHW

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.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 11:01 am

CBU

Community Bank System (NYSE:CBU) reported Q1 2024 adjusted EPS of $0.82, surpassing the $0.78 estimate, with sales of $177.275M exceeding the $176.833M forecast. This represents a 42.36% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 11:01 am

PNR

Pentair has projected its adjusted earnings per share (EPS) for fiscal year 2024 to be in the range of $4.15 to $4.25, which is around the analyst estimate of $4.2.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 11:01 am

R

Ryder has adjusted its full-year 2024 revenue growth forecast from approximately 13% to about 10% and revised its adjusted EPS outlook from $11.50-$12.50 to $11.75-$12.50, with an estimate of $11.70. The CFO, John Diez, mentioned that this adjustment reflects the quarter's outperformance and a more modest rental upturn than expected. Additionally, Ryder is increasing its free cash flow forecast and reducing its rental capital spending forecast by $100 million.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 11:01 am

SHW

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.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 11:01 am

PM

Philip Morris Intl (PM) reported Q1 2024 adjusted EPS of $1.50, surpassing the $1.41 estimate, and sales of $8.793B, exceeding the $8.468B estimate. This represents an 8.7% increase in earnings and a 9.65% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 11:00 am

IVZ

Invesco reported Q1 2024 adjusted EPS of $0.33, missing the $0.40 estimate, and sales of $1.05B, below the $1.09B estimate. This represents a 2.14% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 11:00 am

RTX

RTX has reaffirmed its financial outlook for FY24, projecting revenues between $78 billion and $79 billion, which aligns closely with the $78.78 billion estimate. The company also expects its adjusted EPS to range from $5.25 to $5.40, nearly matching the $5.39 estimate, and anticipates a free cash flow of approximately $5.7 billion.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 10:59 am