PPG Industries Earnings Are on Deck

PPG Industries (NYS: PPG) is expected to report Q2 earnings on July 18. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict PPG Industries's revenues will grow 3.4% and EPS will shrink -0.8%.

The average estimate for revenue is $4.09 billion. On the bottom line, the average EPS estimate is $2.34.


Revenue details
Last quarter, PPG Industries logged revenue of $3.33 billion. GAAP reported sales were 0.1% lower than the prior-year quarter's $3.33 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at $1.58. GAAP EPS of $16.31 for Q1 were much higher than the prior-year quarter's $0.09 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 41.8%, much about the same as the prior-year quarter. Operating margin was 11.2%, 60 basis points better than the prior-year quarter. Net margin was 72.4%, much better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $15.12 billion. The average EPS estimate is $7.90.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 368 members out of 397 rating the stock outperform, and 29 members rating it underperform. Among 124 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 121 give PPG Industries a green thumbs-up, and three give 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 $149.83.

The rich are different than you and me: They might not notice the moneymaking stories right under our noses. In our new report, "Middle-Class Millionaire-Makers: 3 Stocks Wall Street's Too Rich to Notice," we give you three Peter Lynch-inspired buy-what-you-know stocks for the 99%. Click here for instant access to this free report.

The article PPG Industries Earnings Are on Deck originally appeared on Fool.com.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story