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Earnings Preview: PPG Indus

PPG Indus (NYSE:PPG) is set to give its latest quarterly earnings report on Wednesday, 2024-10-16. Here's what investors need to know before the announcement.

Analysts estimate that PPG Indus will report an earnings per share (EPS) of $2.15.

Anticipation surrounds PPG Indus's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Performance in Previous Earnings

During the last quarter, the company reported an EPS beat by $0.02, leading to a 2.79% drop in the share price on the subsequent day.

Here's a look at PPG Indus's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

2.48

1.86

1.50

1.95

EPS Actual

2.50

1.86

1.53

2.07

Price Change %

-3.0%

-3.0%

-2.0%

-3.0%

Tracking PPG Indus's Stock Performance

Shares of PPG Indus were trading at $128.5 as of October 14. Over the last 52-week period, shares are up 2.63%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analysts' Take on PPG Indus

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on PPG Indus.

Analysts have given PPG Indus a total of 7 ratings, with the consensus rating being Neutral. The average one-year price target is $147.57, indicating ...