PPG Industries Beats Estimates Yet Again
PPG Industries (NYS: PPG) reported earnings on Jan. 19. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), PPG Industries met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded, and earnings per share increased.
Gross margins dropped, operating margins dropped, and net margins were steady.
PPG Industries booked revenue of $3.5 billion. The 10 analysts polled by S&P Capital IQ expected net sales of $3.5 billion. Sales were 4.1% higher than the prior-year quarter's $3.4 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
EPS came in at $1.39. The 16 earnings estimates compiled by S&P Capital IQ averaged $1.28 per share. GAAP EPS of $1.39 for Q4 were 12% higher than the prior-year quarter's $1.24 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 37.9%, 40 basis points worse than the prior-year quarter. Operating margin was 8.7%, 30 basis points worse than the prior-year quarter. Net margin was 6.1%, about the same as the prior-year quarter.
Next quarter's average estimate for revenue is $3.7 billion. On the bottom line, the average EPS estimate is $1.47.
Next year's average estimate for revenue is $15.5 billion. The average EPS estimate is $7.21.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 339 members out of 364 rating the stock outperform, and 25 members rating it underperform. Among 110 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 109 give PPG Industries a green thumbs-up, and one gives it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on PPG Industries is outperform, with an average price target of $92.23.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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