RPM(US:RPM) ZACKSยท2024-10-02 12:56Company Performance - RPM International reported quarterly earnings of $1.84 per share, exceeding the Zacks Consensus Estimate of $1.76 per share, and up from $1.64 per share a year ago, representing an earnings surprise of 4.55% [1] - The company posted revenues of $1.97 billion for the quarter ended August 2024, which missed the Zacks Consensus Estimate by 2.40%, and decreased from $2.01 billion year-over-year [2] - Over the last four quarters, RPM International has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [2] Market Performance - RPM International shares have increased approximately 7.6% since the beginning of the year, while the S&P 500 has gained 19.7% [3] - The current Zacks Rank for RPM International is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.35 on revenues of $1.82 billion, and for the current fiscal year, it is $5.49 on revenues of $7.48 billion [7] - The estimate revisions trend for RPM International is mixed, and changes in earnings expectations may occur following the recent earnings report [6] Industry Context - The Paints and Related Products industry, to which RPM International belongs, is currently ranked in the top 7% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Another company in the same industry, Sherwin-Williams, is expected to report quarterly earnings of $3.55 per share, reflecting a year-over-year increase of 10.9%, with revenues anticipated to be $6.26 billion, up 2.3% from the previous year [9][10]