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Sherwin-Williams Resumed Its Upward Trend

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Jul. 14 2017, Published 7:04 a.m. ET

Sherwin-Williams to announce its 2Q17 earnings

On June 20, 2017, Sherwin-Williams (SHW) issued a press release stating that it will announce its 2Q17 earnings report on July 20, 2017, before the market opens. On July 20, Sherwin-Williams will hold a conference call to discuss its earnings at 11:00 AM EST. PPG Industries (PPG) is also announcing its 2Q17 earnings on July 20.

In this series, we’ll discuss how Sherwin-Williams stock performed since its 1Q17 earnings. We’ll also discuss analysts’ revenue and earnings per share expectations for 2Q17, analysts’ recommendations, and the company’s current valuations compared to its peer.

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Sherwin-Williams announced its 1Q17 earnings on April 20, 2017. Since then, Sherwin-Williams has risen 9.9% and outperformed the broad-based SPDR S&P 500 ETF (SPY). SPY returned 3.7% during the same period. RPM International (RPM), Axalta (AXTA), and PPG Industries have returned 8.20%, 4.60%, and 5.10%, respectively. For Sherwin-Williams, its strong performance was primarily driven by the completion of the Valspar acquisition. In terms of revenue, Sherwin-Williams replaced PPG Industries as the largest player in the region.

Moving averages and RSI

The rise in Sherwin-Williams stock price caused the stock to trade 8.10% above the 100-day moving average price of $329.22. Sherwin-Williams’ 14-day RSI (relative strength index) of 59 indicates that the stock isn’t overbought or oversold. An RSI of 70 and above indicates that the stock is overbought, while an RSI of 30 and below indicates that the stock is oversold.

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