Market Overview

Earnings Outlook for PPG Industries

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PPG Industries (NYSE: PPG) announces its next round of earnings this Monday, October 19. Here is Benzinga's look at PPG Industries's Q3 earnings report.

Earnings and Revenue

Wall Street analysts see PPG Industries reporting earnings of $1.77 per share on sales of $3.63 billion. PPG Industries reported a per-share profit of $1.67 when it published results during the same quarter last year. Sales in that period totaled $3.83 billion. If the company were to match the consensus estimate when it reports Monday, earnings would be up 5.99%. Revenue would be down 5.12% on a year-over-year basis. The company's reported EPS has stacked up against analyst estimates in the past like this:

Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019
EPS Estimate 0.71 1.18 1.34 1.61
EPS Actual 0.99 1.19 1.31 1.67
Revenue Estimate 2.78 B 3.40 B 3.68 B 3.89 B
Revenue Actual 3.02 B 3.38 B 3.67 B 3.83 B

Stock Performance

Over the last 52-week period, shares of PPG Industries are up 9.69%.

Do not be surprised to see the stock move on comments made during its conference call. PPG Industries is scheduled to hold the call at 08:00:00 ET and can be accessed here: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestor.ppg.com%2F&eventid=2645364&sessionid=1&key=50EFBD851510A1A3E917AD6558361DA6&regTag=&sourcepage=register

 

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Posted-In: Earnings