Published on 1 Apr 2024 on Zacks via Yahoo Finance
RPM International Inc. RPM is slated to report third-quarter fiscal 2024 results on Apr 4, before the opening bell.In the last reported quarter, the company’s earnings and net sales missed the Zacks Consensus Estimate by 0.8% and 2.1%, respectively. On a year-over-year basis, earnings increased 10.9% on almost flat sales.The company’s earnings topped analysts’ expectations in three of the trailing four quarters, with the average surprise being 8.3%.
The Trend in Estimate Revision
The Zacks Consensus Estimate for the to-be-reported quarter’s earnings has remained unchanged at 48 cents per share over the past 60 days. The estimated value indicates a 29.7% increase from the year-ago earnings of 37 cents per share. The consensus mark for revenues is $1.51 billion, suggesting a 0.3% year-over-year decline.