PPG Industries, Inc. (NYSE:PPG) is trading up 14.83% versus 12-month low of 88.91 and stands -11.36% lower from its 1-year peak of $115.17. The consensus price target (PT) of $110.67 means that the market expects Company shares to increase by 7.5% in the short run. The sell-side target prices range from $100 to $122. In the last month the stock has moved in price 2.39%, with a one year change of 0.78%. The last trading session volume compares with the 1.79M average and market worth floats around 26.46B.
PPG Industries, Inc. (NYSE:PPG) fell -0.82% to reach at the trading price of $102.09 as it is set to release its next quarterly earnings report on April 20, 2017. PPG Industries, Inc. stock trades in the range of $101.94 to $104.52 before the earnings release. Let’s take a closer look at the current earnings forecast, particularly the things traders should pay close attention to. Earnings per share for the recently concluded quarter is expected to come in at $1.32 a share with $3.53B in revenue.
PPG Industries, Inc. (PPG) Future Earnings & History
After upcoming fiscal quarter results, all eyes will be on the prospects for the next reporting quarter. Analysts, on average, forecast PPG Industries, Inc. to earn $1.87 per share (EPS) on revenue of $3.93B. The EPS consensus range is $1.76-$1.99 on revenue between $4.05B and $3.85B.
While if we look at the Earnings Track Record, PPG Industries, Inc. (PPG) managed to surpass quarterly earnings per share estimates in 9 of the trailing twelve fiscal quarters, and has a positive trend with an average surprise of 75%. Last time the company reported, PPG Industries, Inc. (PPG) generated $1.19 in earnings per share, beating the consensus estimate of $1.18. Revenues hit $3.5B in the December 2017 quarter, which was above the consensus $3.55B projection. On the other hand, in the September 2017 quarter the company recorded a net $3.79B revenue with earnings per share of $1.56. Wall Street had anticipated $3.79B and $1.56, respectively. For comparison, there was a revenue of $4.06B and EPS of $1.85 in the June 2016 period.
PPG Industries, Inc. (NYSE:PPG) Analyst Insights
The buoyancy in the outlook of PPG Industries, Inc. (PPG) is getting weaker by the somewhat negative sentiment (2.20 on a 5-point scale) that sell-side analysts have provided concerning it. Brokerage firms on the average advocate the company shares as Hold. Susquehanna has been covering shares of PPG, so it is most recent view is worth a look. In a research note issued on Mar 09, 2017, analysts at downgraded the stock to Market Perform from Outperform. Another noteworthy analyst activity was recorded on Jan 17, 2017. Downgraded the stock to Neutral from Positive.