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RPM Stock Has Seen Lackluster Performance since 2Q17 Results

Peter Neil - Author

Apr. 3 2017, Published 9:08 a.m. ET

RPM International to announce its fiscal 3Q17 earnings

RPM International (RPM) is set to announce its fiscal 3Q17 earnings on April 6, 2017, before the market opens. RPM’s financial year is from June 1 to May 31. In this series, we’ll look at RPM’s stock performance since its fiscal 2Q17 earnings release, analysts’ revenue forecasts, EPS (earnings per share) estimates, and recommendations.

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RPM’s stock performance since fiscal 2Q17 earnings

RPM announced its fiscal 2Q17 earnings on January 5, 2017. Between then and March 30, 2017, RPM stock gained a meager 0.25% and underperformed its peers PPG Industries (PPG), Sherwin-Williams (SHW), and Axalta (AXTA), which returned 8.2%, 12.2%, and 15%, respectively. RPM also underperformed the broader based SPDR S&P 500 ETF (SPY), which returned 4.3% for the same period.

RPM’s lackluster performance was primarily driven by the lower-than-expected earnings. RPM reported a net loss of $0.54 due to impairment charges on its Kirker consumer nail enamel amounting to $0.97 per share and a loss of $0.09 per share on its decision to exit Flowcrete polymer flooring business.

Moving average and relative strength index

Even though RPM remained range bound after its 2Q17 earnings, it has managed to trade 3.5% above its 100-day moving average price of $53.12, indicating an upward trend in the stock. RPM’s relative strength index of 57 indicates that the stock is neither overbought nor oversold. An RSI score of 70 means that a stock has moved temporarily into an overbought situation, whereas an RSI score below 30 indicates that a stock has moved temporarily into an oversold position.

Next, we will analyze analysts’ revenue expectations for RPM in fiscal 3Q17.


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