SHW's Shares Scale Fresh 52-Week High: What's Driving it?

Zacks09-04

The Sherwin-Williams Company’s SHW shares reached a fresh 52-week high of $371.19 on Sept. 3 before closing at $363.75. In the past year, SHW stock has risen 34.9% compared with the industry’s 33.9% ...

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SHW posted adjusted earnings of $3.70 per share, surpassing the Zacks Consensus Estimate of $3.51. Revenues reached $6,271.5 million, up 0.5% year over year, but fell short of the Zacks Consensus Estimate of $6,350.1 million. Revenue growth was driven by increased sales in the Paint Stores and Performance Coatings segments, partially offset by lower volumes in the Consumer Brands segment.The Zacks Consensus Estimate for Eldorado Gold’s current year earnings is pegged at $1.35 per","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0055631609.USD":"贝莱德世界黄金基金A2","BK4532":"文艺复兴科技持仓","LU0278409577.USD":"MANULIFE GLOBAL FUND-GLOBAL RESOURCES FUND \"AA\" (USD) INC","CRS":"卡朋特科技","LU1223082196.USD":"施罗德环球黄金A Acc","LU1093756325.SGD":"FTIF - Franklin K2 Alt Strat Fd A (acc) SGD-H1","BK4570":"地缘局势概念股","LU0075056555.USD":"贝莱德世界矿业基金A2","BK4109":"特种化学制品","LU1430597077.USD":"BGF NATURAL RESOURCES \"A\" (USD) INC","BK4585":"ETF&股票定投概念","LU0612318385.USD":"BGF NATURAL RESOURCES \"A2\" (USD) ACC","LU0345780281.USD":"NINETY ONE GSF GLOBAL GOLD \"A\"  ACC","LU0368265764.SGD":"Blackrock World Gold Fund A2 SGD-H","BK4533":"AQR资本管理(全球第二大对冲基金)","SHW":"宣伟公司","LU0496367417.USD":"富兰克林黄金和贵金属A（acc）","LU0330918003.SGD":"Blackrock World Mining A2 SGD-H","IE0031619046.USD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) INC","LU0788109121.HKD":"BGF WORLD MINING \"A2\" (HKDHGD) ACC","IE00B7SZL793.SGD":"Legg Mason Royce - US Small Cap Opportunity A Acc SGD-H","BK4588":"碎股","BK4550":"红杉资本持仓","LU2462611646.USD":"AMUNDI FUNDS REAL ASSETS TARGET INCOME \"A2\" (USD) INC MTI","LU2498475776.HKD":"AMUNDI FUNDS REAL ASSETS TARGET INCOME \"A2\" (HKD) INC","LU1883866441.USD":"AMUNDI FUNDS REAL ASSETS TARGET INCOME \"A2\" (USD) ACC","LU0654597011.USD":"BGF NATURAL RESOURCES \"A4G\" (USD) INC","LU0724618789.USD":"BGF WORLD GOLD \"A4\" (USD) INC","LU0266512127.USD":"摩根大通环球自然资源 A(acc)","EGO":"埃氏金业","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","LU0300736492.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) INC","LU0456854461.SGD":"JPMorgan Funds - Global Natural Resources A (acc) SGD","LU0612318971.USD":"BGF NATURAL RESOURCES \"A5G\" (USD) INC","LU0498741890.SGD":"FTIF - Franklin Gold and Precious Metals A (acc) SGD","IE00B66KJ199.SGD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY  \" A\" (SGD) ACC","NEM":"纽曼矿业","SG9999001143.SGD":"United Gold and General A Acc SGD","LU0498741114.HKD":"FRANKLIN GOLD & PRECIOUS METALS \"A\" (HKD) ACC","LU0345780521.USD":"NINETY ONE GSF GLOBAL GOLD \"A\" (USD) INC","BK4504":"桥水持仓","IE00B19Z4B17.USD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) ACC","LU1093756168.USD":"FRANKLIN K2 ALTERNATIVE STRATEGIES \"A\" (USD) ACC","LU1223082519.USD":"SCHRODER ISF GLOBAL GOLD \"A\" (USD) INC AV","LU1023059493.AUD":"Blackrock World Mining A2 AUD-H","BK4017":"黄金","LU0788108826.HKD":"BGF WORLD GOLD \"A2\" (HKDHGD) ACC","BK4006":"钢铁","LU1223083913.SGD":"Schroder ISF Global Gold A Acc SGD-H"},"translate_title":"SHW股价创52周新高：是什么推动了它？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SHW":1,"NEM":1,"CRS":1,"EGO":1},"content_text":"The Sherwin-Williams Company’s SHW shares reached a fresh 52-week high of $371.19 on Sept. 3 before closing at $363.75.\nIn the past year, SHW stock has risen 34.9% compared with the industry’s 33.9% growth.\nImage Source: Zacks Investment Research\nWhat’s Driving Sherwin-Williams Stock?\nSherwin-Williams delivered stronger-than-expected earnings in second-quarter 2024 and raised its full-year guidance. SHW posted adjusted earnings of $3.70 per share, surpassing the Zacks Consensus Estimate of $3.51. Revenues reached $6,271.5 million, up 0.5% year over year, but fell short of the Zacks Consensus Estimate of $6,350.1 million. Revenue growth was driven by increased sales in the Paint Stores and Performance Coatings segments, partially offset by lower volumes in the Consumer Brands segment.\nThe Paint Stores Group achieved sales growth of approximately 3.5%, supported by low-single-digit volume gains and higher selling prices, with growth across all end markets except property maintenance. The Performance Coatings Group also registered modest sales growth, aided by an acquisition, although currency headwinds and mixed volume performance across regions were a challenge. The Consumer Brands Group experienced a sales decline due to weaker DIY demand in North America, a divestiture and unfavorable currency effects.\nSherwin-Williams expects consolidated net sales to grow a low-single-digit percentage year over year in the third quarter, with similar growth anticipated for the full year. The company projects 2024 earnings per share (EPS) to be between $10.30 and $10.60, with adjusted EPS in the range of $11.10-$11.40.\nSHW delivered an average earnings surprise of 4.5% in the trailing four quarters. The Zacks Consensus Estimate for its 2024 EPS is pegged at $11.47, indicating an increase of 10.8% from the prior year’s tally.\n\nThe Sherwin-Williams Company Price and Consensus\n\nThe Sherwin-Williams Company price-consensus-chart | The Sherwin-Williams Company Quote\n\nZacks Rank & Key Picks\nSHW currently carries a Zacks Rank #3 (Hold).\nSome better-ranked stocks in the Basic Materials space are Newmont Corporation NEM, Carpenter Technology Corporation CRS and Eldorado Gold Corporation EGO, each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.\nThe Zacks Consensus Estimate for Newmont’s current-year earnings is pegged at $2.82 per share, indicating a rise of 75% from the year-ago level. The consensus mark for NEM’s earnings has increased 14% in the past 60 days.The stock has gained nearly 34.6% in the past year.\nThe Zacks Consensus Estimate for CRS’ current-year earnings is pegged at $6.06 per share, indicating a rise of 27.9% from the year-ago level. CRS’ earnings beat the consensus estimate in each of the last four quarters, the average earnings surprise being 15.9%. The stock has rallied nearly 116% in the past year.\nThe Zacks Consensus Estimate for Eldorado Gold’s current year earnings is pegged at $1.35 per share, indicating a year-over-year rise of 136.8%. EGO beat the consensus estimate in each of the last four quarters, with the average surprise being 430.3%. The company's shares have surged nearly 70.8% in the past year.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nThe Sherwin-Williams Company (SHW) : Free Stock Analysis Report\nNewmont Corporation (NEM) : Free Stock Analysis Report\nCarpenter Technology Corporation (CRS) : Free Stock Analysis Report\nEldorado Gold Corporation (EGO) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.26.4","shortVersion":"4.26.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2464086113"}