Sherwin-Williams Company (The) ($SHW) Stock Forecast: Down 5.1% Today

What is Sherwin-Williams Company (The)?

Sherwin-Williams (NYSE: SHW) is a leading company in the paint and coatings industry, known for its wide range of products and retail presence. Today, the stock experienced a strong bearish movement in the market.

Why is Sherwin-Williams Company (The) going down?

SHW stock is down 5.1% on Oct 22, 2024 16:25

• Sherwin-Williams reported Q3 earnings and sales below analyst estimates, leading to a decrease in stock price.
• Despite an increase in sales driven by the Paint Stores Group and recent acquisitions, the overall performance fell short of expectations.
• The weak consumer demand and sluggish Q4 sales guidance contributed to the bearish movement in the stock.
• Investors may be concerned about the company's ability to navigate through the challenging market conditions and uncertainties ahead, reflected in the negative surprises in earnings and revenues for the quarter.

SHW Price Chart

SHW Technical Analysis

SHW News

Sherwin-Williams Q3: Strong Paint Store Sales Dampened By Weak Consumer Demand, Guides Sluggish Q4 Sales - Sherwin-Williams ( NYSE:SHW )

The Sherwin-Williams Company SHW shares are trading lower after the company reported third-quarter adjusted EPS and sales below analyst estimates. Quarterly revenue rose 0.7% to $6.16 billion, missing the analyst consensus of $6.20 billion.

https://www.benzinga.com/news/earnings/24/10/41459351/sherwin-williams-q3-strong-paint-store-sales-dampened-by-weak-consumer-demand-guides-sluggish-q4-sa

Sherwin-Williams Earnings and Revenues Lag Estimates in Q3

The increase in SHW's sales in Q3 is due to higher Paint Stores Group sales and the impact of the 2023 acquisition.

https://www.zacks.com/stock/news/2354872/sherwin-williams-earnings-and-revenues-lag-estimates-in-q3

Sherwin-Williams ( SHW ) Q3 Earnings and Revenues Miss Estimates

Sherwin-Williams (SHW) delivered earnings and revenue surprises of -5.34% and 1.05%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2354540/sherwin-williams-shw-q3-earnings-and-revenues-miss-estimates

What's in Store for Sherwin-Williams Stock in Q3 Earnings?

SHW is expected to have gained from its efforts to expand its retail business in response to strong domestic demand and cost actions in Q3.

https://www.zacks.com/stock/news/2353642/whats-in-store-for-sherwin-williams-stock-in-q3-earnings

Steel Dynamics' Q3 Earnings and Revenues Beat Expectations

Lower average realized steel prices weigh on STLD's Q3 results amid steady underlying steel demand.

https://www.zacks.com/stock/news/2352657/steel-dynamics-q3-earnings-and-revenues-beat-expectations

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Sherwin-Williams Company (The) Price History

22.09.2024 - SHW Stock was down 5.3%

• SHW stock experienced a bearish movement despite the positive expectations for Q3 earnings, indicating a potential mismatch between market expectations and actual results.
• The strong retail business expansion and cost actions may not have been enough to offset any unforeseen challenges faced by the company during the quarter.
• Investors might have reacted negatively to the bearish movement in steel prices, which could have impacted SHW's performance indirectly.
• The upcoming earnings report will be crucial in determining the future trajectory of SHW stock, as earnings growth is expected but the recent market movement suggests caution among investors.

22.09.2024 - SHW Stock was down 5.1%

• Sherwin-Williams reported Q3 earnings and sales below analyst estimates, leading to a decrease in stock price.
• Despite an increase in sales driven by the Paint Stores Group and recent acquisitions, the overall performance fell short of expectations.
• The weak consumer demand and sluggish Q4 sales guidance contributed to the bearish movement in the stock.
• Investors may be concerned about the company's ability to navigate through the challenging market conditions and uncertainties ahead, reflected in the negative surprises in earnings and revenues for the quarter.

23.05.2023 - SHW Stock was up 0.2%

• SHW had a strong bullish movement today.
• The upgrade of SHW's Relative Strength (RS) Rating from 69 to 73 is a positive sign for the stock.
• The rising price performance of PPG Industries, a competitor of SHW, might have contributed to the bullish movement of SHW.

14.10.2023 - SHW Stock was up 5.2%

• The bullish movement in SHW stock could be attributed to the increase in demand for paints and coatings, as the economy continues to recover and construction activities pick up.
• The buying of shares by Essex Financial Services Inc. and the increase in stake by Nikulski Financial Inc. indicate confidence in the company's future prospects.
• The decrease in short interest in SHW suggests that some investors may have covered their short positions, potentially contributing to the upward movement in the stock.
• The upgrade in the Relative Strength (RS) Rating of SHW indicates that the stock has been performing well compared to other stocks in the market, further boosting investor sentiment.

07.05.2024 - SHW Stock was down 5.1%

• The partnership with Leagues Cup might have been perceived as a non-value adding venture by investors, leading to a lack of confidence in the stock.
• The debate between investing in dividend growth or high-yield stocks could have raised concerns about the company's future financial strategies, impacting the stock negatively.
• Investors might be cautious about the overall market conditions, leading to a sell-off in stocks like SHW despite being a part of the list of Best Dividend Aristocrats Stocks.

15.08.2023 - SHW Stock was down 1.4%

• The bearish movement in SHW today could be attributed to several factors:
• 1. Profit-taking: After a prolonged period of outperforming the market, investors may have decided to take profits, leading to a sell-off in SHW shares.
• 2. Market sentiment: The overall market sentiment might have turned bearish, causing investors to sell off their holdings in SHW along with other stocks.
• 3. Economic landscape: Despite being a well-managed business, Sherwin-Williams operates in a turbulent economic landscape. Any negative economic indicators or concerns about the industry's future growth prospects could have contributed to the bearish movement.
• 4. Lack of positive news catalysts: The absence of any significant positive news or catalysts related to Sherwin-Williams in the articles provided might have also dampened investor sentiment and contributed to the bearish movement.
• In conclusion, the bearish movement in SHW today could be a result of profit-taking, overall market sentiment, concerns about the economic landscape, and the absence of positive news catalysts.

23.06.2024 - SHW Stock was up 5.1%

• Sherwin-Williams reported impressive Q2 results with adjusted earnings per share exceeding expectations, showcasing strong financial performance.
• Despite missing revenue estimates, the company's sales volumes in key segments like Paint Stores and Performance Coatings Groups contributed to the overall growth.
• The firm pricing trends and improved profitability in Q2 further bolstered investor confidence, driving the stock price higher.
• Overall, Sherwin-Williams' ability to navigate sales challenges and deliver solid earnings results likely fueled the bullish market movement today.

23.06.2024 - SHW Stock was up 5.1%

• SHW reported Q2 earnings with an EPS of $3.50, surpassing expectations, which likely enhanced investor confidence in the company's performance.
• Despite falling short of revenue forecasts, the firm's pre-tax net income strengthened year-over-year due to better pricing patterns and a slight increase in volumes.
• The company's second-quarter sales rose by 0.5%, accompanied by a significant jump in earnings, particularly propelled by strong performance in Paint Stores.
• Overall, the favorable earnings and enhanced pricing trends played a role in SHW's positive market movement today.

23.06.2024 - SHW Stock was up 6.5%

• SHW stock saw a significant uptrend.
• Despite falling short of revenue predictions, the company surpassed earnings per share forecasts in Q2 2024.
• The stock price surge in SHW is linked to better-than-expected adjusted profits stemming from increased residential sales and an enhanced full-year earnings forecast.
• Investor optimism surrounding SHW is mainly driven by the positive earnings outcome and the company's upbeat future outlook, overshadowing the minor revenue shortfall and propelling the stock's upward movement.