RPM International Inc reports results for the quarter ended in May - Earnings Summary

RPM International

25/07/2024 14:31

* RPM International Inc  RPM.N  reported quarterly adjusted
earnings of $1.56​​ per share for the quarter ended in May,
higher than the same quarter last year, when the company
reported EPS of $1.36.  The mean expectation of sixteen analysts
for the quarter was for earnings of $1.55 per share. Wall Street
expected results to range from $1.48  to $1.63 per share.
    * Revenue fell 0.4% to $2.01 billion from a year ago;
analysts
expected $2.01 billion. 
    * RPM International Inc's reported EPS for the quarter was
$1.40​.
    * The company reported quarterly net income of $180.61
million.
    * RPM International Inc shares had risen by 3.0% this
quarter and
lost 0.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.2%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 9
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the commodity
chemicals
peer group is also "hold"

Wall Street's median 12-month price target for RPM International
Inc is $119.50 
This summary was machine generated from LSEG data July 25 at
01:31 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 May. 31 2024      1.55           1.56           Beat
 Feb. 29 2024      0.46           0.52           Beat
 Nov. 30 2023      1.22           1.22           Met
 Aug. 31 2023      1.55           1.64           Beat