PPG Industries (NYSE: PPG ) is expected to report Q3 earnings on Oct. 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 1.5% and EPS will increase 11.7%.
The average estimate for revenue is $3.91 billion. On the bottom line, the average EPS estimate is $2.19.
Last quarter, PPG Industries reported revenue of $3.96 billion. GAAP reported sales were 0.8% lower than the prior-year quarter's $3.99 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $2.36. GAAP EPS of $2.34 for Q2 were 10% higher than the prior-year quarter's $2.12 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 40.5%, 110 basis points better than the prior-year quarter. Operating margin was 14.0%, 120 basis points better than the prior-year quarter. Net margin was 9.2%, 70 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $15.28 billion. The average EPS estimate is $7.92.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 351 members out of 378 rating the stock outperform, and 27 members rating it underperform. Among 112 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 109 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 $114.33.
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