RPM International Inc expected to post earnings of $1.56 a share - Earnings Preview

RPM International

24/05/2024 09:10

* RPM International Inc  RPM.N   RPM  is expected to show a
fall
in quarterly revenue when it reports  results on May 27
(estimated) for the period ending May 31 2024
    * The Medina Ohio-based  company is expected to report a
0.2% decrease in revenue to $2.012 billion from $2.02 billion a
year ago, according to the mean estimate from 13 analysts, based
on LSEG data.The company's guidance on April 4 2024, for the
period ended May 31, was for revenue of $2.016
billion. (Majority Basis is on Total Revenue)
    * ​LSEG's mean analyst estimate for RPM International Inc is
for
earnings of $1.56 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 10
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 0.4%
in the last three months. ​
    * Wall Street's median 12-month price target for RPM
International
Inc is $120.00​, above​ its last closing price of $111.96. ​​​

The company's guidance on April 4 2024 for the period ended May
31 was for Earnings before Interest and Taxes between
USD286.53209 million and USD291.88783 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Feb. 29 2024  0.47        0.46       0.52      Beat    11.9
 Jan. 1 2024   1.23        1.22       1.22      Met     -0.2
 Aug. 31 2023  1.55        1.55       1.64      Beat    6.1​
 May. 31 2023  1.30        1.30       1.36      Beat    4.8
 ​​Feb.        0.31        0.31       0.37      Beat    19.7
 28 2023                                                
 Aug. 31 2022  1.10        1.10       1.10      Met     -0.3​
 Aug. 31 2022  1.33        1.33       1.47      Beat    10.3
 May. 31 2022  1.43        1.44       1.42      Missed  -1.3
 This summary was machine generated May 24 at 08:10 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)