Earnings Preview: PPG Industries' EPS, Revenue Expected to Rise
PPG Industries (NYSE: PPG) releases its next round of earnings this Thursday, October 20, 2011. Here is Benzinga's everything-that-matters guide for this Thursday's third quarter earnings announcement.
Earnings and Revenue:
Analysts are looking ahead to a positive EPS of $1.94/share and revenues of $3.88 billion. PPG Industries' latest numbers will no doubt be compared with the company's year-ago quarter, when it reported a profit of $1.59/share on revenues of $3.46 billion. We'll know on Thursday whether PPG Industries has managed the estimated 22% increase in EPS and 12.1% rise in revenues on a year-over-year basis.
Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q2 | Q1 | Q4 | Q3 |
| EPS Estimate | $2.02 | $1.34 | $1.13 | $1.46 |
| EPS Actual | $2.12 | $1.40 | $1.25 | $1.59 |
Stock Performance:
At last check, shares of PPG Industries were trading at $79.71. Shares are down 3.3% year to date. For a full 12 months, the return has risen by 6.6%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.
- Long-term shareholders are already enjoying 12-month gains prior to the announcement
Average Stock Rating:
The average rating by analysts for PPG Industries is a Hold. The strength of this rating has declined slightly over the past three months.
Competitors:
Wondering how some of the other materials companies are doing? Here are a few of PPG Industries' peers in that sector.
- E.I. du Pont de Nemours & Company (NYSE: DD): Moderate Buy with a $1.37 recent quarter EPS
- FMC (NYSE: FMC): Moderate Buy with a $1.53 recent quarter EPS
- Corning (NYSE: GLW): Moderate Buy with a $0.48 recent quarter EPS
- Olin (NYSE: OLN): Moderate Buy with a $0.55 recent quarter EPS
PPG Industries is in the chemicals-diversified industry, which has experienced price/earnings growth of 1.1%.
Finally, a description of the company's main areas of operation: PPG Industries makes coatings, glass, and chemical products. .
Take Action:
That's your advanced look at PPG Industries' upcoming earnings numbers -- be ready to take quick action if the company's report contains any surprises. Also, check back in with us after the announcement for a full recap and what-to-do-next guide.
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