The Sherwin-Williams Company (SHW) earnings on July 28, 2026

Before the market opens Q2 2026

More The Sherwin-Williams Company earnings

Prior outlook: Pessimistic Outcome: Missed

Sherwin-Williams shares rose 9% after reporting better-than-expected quarterly earnings, despite noting no improvement in demand.

SHW price around the earnings

354.27

Change: +8.3%

2026-07-28, 20:00 UTC

Start of the measured window End of the measured window
325.52 336.05 346.59 357.12 327.27
Price series around the eventClosing price per minute from before the event to the end of the measured window.No trading (market closed)
July 28, 2026
  • Price: green if it ends above the starting price; red if it ends below
  • Start of the measured window
  • End of the measured window
  • Market open
  • No trading (market closed)
  • Starting price
Price series around the event

Prior thesis

Prior outlook: Pessimistic Outcome: Missed

Thesis published
Results released

Analysts optimistic with PT raises to $380-405, but negative 14d/30d recent trend and underperformance vs SPY.

Context analyzed before publication

Trend
Trajectory scores fluctuated, recently declining from a positive to a slightly negative stance, indicating a stalled run

Analysts

Evidence

Analyst consensus
Buy
Consensus average (1-5)
2.04
Analysts covering the stock
20
Average price target
379.6
Lowest price target
330
Highest price target
420
Upside to price target
16%
Quarterly earnings growth
6.1%
Revenue growth
6.8%
Forward EPS
13.3
Trailing EPS
10.41
Analyst moves in the last 60 days
5
  • Strong buy: 3
  • Buy: 10
  • Hold: 11
  • Sell: 0
  • Strong sell: 0
Strong buy
3
Buy
10
Hold
11
Sell
0
Strong sell
0
  • July 8, 2026 · RBC Capital: Maintains rating (Outperform → Outperform)
  • July 6, 2026 · BMO Capital: Maintains rating (Outperform → Outperform)
  • June 24, 2026 · Citigroup: Maintains rating (Buy → Buy)
  • June 4, 2026 · BMO Capital: Maintains rating (Outperform → Outperform)
  • June 2, 2026 · UBS: Downgrades rating (Buy → Neutral)

News and sentiment

Evidence

Sentiment
Sentiment
Constructive
Mention volume
Low
Normalized volume
33%
News
Sources (2)

Technicals

Evidence

Average true range (ATR)
2.8%
Distance to 52-week high
-12.2%
14-day change (14d)
-0.5%
30-day change (31d)
-4.9%
30-day relative strength
-6.2%
SPY change (31d)
+1.3%
Nearest support
326.7
Nearest resistance
328.61
Volume accumulation ratio (14d / 46d)
0.82

Trends

Evidence

Average earnings surprise
-0.0%
  • April 28, 2026: actual EPS 2.35 vs estimate 2.27 (surprise +3.6%)
  • January 29, 2026: actual EPS 2.23 vs estimate 2.16 (surprise +3.1%)
  • October 28, 2025: actual EPS 3.59 vs estimate 3.44 (surprise +4.4%)
  • July 22, 2025: actual EPS 3.38 vs estimate 3.81 (surprise -11.2%)

Expected move

Implied move
+1.9%
Source
Options chain

Reactions over its last 20 earnings

Median move
3.3%
75th percentile move
5.4%
90th percentile move
8.8%
Up / down moves
11 / 9
Average up move
+3.6%
Average down move
-3.9%

Monitoring and close

What The Sherwin-Williams Company reported

Status
Finished
Actual EPS3.7
EPS estimate3.52
EPS surprise+5.1%
Revenue$6,789 million
Revenue estimate$6,602 million
Revenue surprise+2.8%

Sherwin-Williams beat Q2 earnings estimates, raised its 2026 guidance, and shares jumped over 5%, fueling optimism about its performance.

Sources (28)

Pre-market second reading after the results

Verdict
Beat expectations

Heading into the open, the figures overturn the prior pessimistic scenario. In the 1261 past cases with a similar move, the close held that direction 86% of the time.

How the stock reacted

Outcome
Missed
Consolidated
+8.3%
Max favorable move (MFE)
0%
Max adverse move (MAE)
9.2%