Sherwin-Williams (NYSE:SHW) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Sherwin-Williams announced earnings per share of $4.08 on revenue of $4.15B. Analysts polled by anticipated EPS of $3.92 on revenue of $4.13B. That with comparison to EPS of $3.6 on revenue of $4.04B in the same period a year before. Sherwin-Williams had reported EPS of $4.27 on revenue of $4.11B in the previous quarter. Analysts are expecting EPS of $6.24 and revenue of $4.64B in the upcoming quarter.
Sherwin-Williams shares are down 12.82% from the beginning of the year , still down 15.20% from its 52 week high of $599.95 set on January 24. They are under-performing the S&P 500 which is down 11.75% year to date.
Sherwin-Williams follows other major Basic Materials sector earnings this month
Sherwin-Williams's report follows an earnings missed by Air Products on April 23, who reported EPS of $2.04 on revenue of $2.22B, compared to forecasts EPS of $2.08 on revenue of $2.16B.
Southern Copper had missed expectations on Friday with first quarter EPS of $0.28 on revenue of $1.72B, compared to forecast for EPS of $0.35 on revenue of $1.67B.
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