RPM International Inc expected to post earnings of $1.56 a share - Earnings Preview

Reuters05-24

* RPM International Inc is expected to show a fall in quarterly revenue when it reports results on May 27 (estimated) for the period ending May 31 2024

* The Medina Ohio-based company is expected to report a 0.2% decrease in revenue to $2.012 billion from $2.02 billion a year ago, according to the mean estimate from 13 analysts, based on LSEG data.The company's guidance on April 4 2024, for the period ended May 31, was for revenue of $2.016 billion. (Majority Basis is on Total Revenue)

* ​LSEG's mean analyst estimate for RPM International Inc is for earnings of $1.56 per share.

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy," 10 "hold" and 1 "sell" or "strong sell."

* The mean earnings estimate of analysts had fallen by about 0.4% in the last three months. ​

* Wall Street's median 12-month price target for RPM International Inc is $120.00​, above​ its last closing price of $111.96. ​​​

The company's guidance on April 4 2024 for the period ended May 31 was for Earnings before Interest and Taxes between USD286.53209 million and USD291.88783 million. Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI

ENDING ARTESTIMAT ESTIMATE MET, SE %

E® MISSED

Feb. 29 2024 0.47 0.46 0.52 Beat 11.9

Jan. 1 2024 1.23 1.22 1.22 Met -0.2

Aug. 31 2023 1.55 1.55 1.64 Beat 6.1​

May. 31 2023 1.30 1.30 1.36 Beat 4.8

​​Feb. 0.31 0.31 0.37 Beat 19.7

28 2023

Aug. 31 2022 1.10 1.10 1.10 Met -0.3​

Aug. 31 2022 1.33 1.33 1.47 Beat 10.3

May. 31 2022 1.43 1.44 1.42 Missed -1.3

This summary was machine generated May 24 at 08:10 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

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