The upcoming report from Sherwin-Williams (SHW) is expected to reveal quarterly earnings of $2.18 per share, indicating an increase of 0.5% compared to the year-ago period. Analysts forecast revenues of $5.38 billion, representing an increase of 0.2% year over year.

Over the last 30 days, there has been a downward revision of 1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.

Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.

While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.

With that in mind, let's delve into the average projections of some Sherwin-Williams metrics that are commonly tracked and projected by analysts on Wall Street.

The combined assessment of analysts suggests that 'Net sales- Paint Stores Group' will likely reach $2.92 billion. The estimate points to a change of +1.6% from the year-ago quarter.

The average prediction of analysts places 'Net sales- Consumer Brands Group' at $761.41 million. The estimate points to a change of -6.1% from the year-ago quarter.

It is projected by analysts that the 'Net sales- Performance Coatings Group' will reach $1.65 billion. The estimate indicates a year-over-year change of -2.1%.

The consensus estimate for 'Net New Stores - Paint Stores Group' stands at 9. Compared to the current estimate, the company reported 7 in the same quarter of the previous year.

Analysts forecast 'Number of Stores - Paint Stores Group' to reach 4,782. Compared to the current estimate, the company reported 4,701 in the same quarter of the previous year.

Analysts predict that the 'Segment Profit- Paint Stores Group' will reach $520.36 million. Compared to the current estimate, the company reported $493.20 million in the same quarter of the previous year.

According to the collective judgment of analysts, 'Adjusted segment profit- Performance Coatings Group (PCG)' should come in at $283.62 million. The estimate compares to the year-ago value of $286.90 million.

The consensus among analysts is that 'Adjusted segment profit- Consumer Brands Group (CBG)' will reach $155.01 million. The estimate is in contrast to the year-ago figure of $169.90 million.

View all Key Company Metrics for Sherwin-Williams here>>>

Shares of Sherwin-Williams have experienced a change of -3.8% in the past month compared to the -5.1% move of the Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), SHW is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

Want 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

The Sherwin-Williams Company (SHW) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research