PPG Industries Earnings Preview
PPG Industries (NYS: PPG) will try to beat its earnings estimates for the fifth consecutive quarter. The company will unveil its latest earnings Thursday. PPG Industries makes coatings, glass, and chemical products.
What analysts say:
- Buy, sell, or hold?: Analysts think investors should stand pat on PPG Industries with eight of 12 analysts rating it hold. Analysts don't like PPG Industries as much as competitor FMC overall. Six out of seven analysts rate FMC a buy compared with four of 12 for PPG Industries. Analysts still rate the stock a hold, but they are a bit more wary about it compared with three months ago.
- Revenue Forecasts: On average, analysts predict $3.88 billion in revenue this quarter. That would represent a rise of 12.1% from the year-ago quarter.
- Wall Street Earnings Expectations: The average analyst estimate is earnings of $1.94 per share. Estimates range from $1.81 to $2.01.
What our community says:
CAPS All-Stars are solidly backing the stock with 98.3% giving it an "outperform" rating. The community at large backs the All-Stars with 93.1% granting it a rating of "outperform." Fools are keen on PPG Industries and haven't been shy with their opinions lately, logging 133 posts in the past 30 days. PPG Industries has a bullish CAPS rating of five out of five stars that is about on par with the Fool community assessment.
PPG Industries' profit has risen year over year by an average of more than twofold over the past five quarters. Revenue has now gone up for three straight quarters.
For all our PPG Industries-specific analysis, including earnings and beyond, add PPG Industries to My Watchlist.
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At the time this article was published
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