PPG Lifts FY23 Adj EPS Outlook From $6.95-$7.25 To $7.28 -$7.48, Consensus $7.27
Portfolio Pulse from Benzinga Newsdesk
PPG Industries has raised its FY23 adjusted EPS outlook from $6.95-$7.25 to $7.28 -$7.48, surpassing the consensus estimate of $7.27.
July 20, 2023 | 8:10 pm
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POSITIVE IMPACT
PPG Industries has increased its FY23 adjusted EPS outlook, which is now above the consensus estimate. This could potentially lead to a positive market reaction.
PPG Industries has raised its FY23 adjusted EPS outlook, which is now higher than the consensus estimate. This indicates that the company is expecting higher profitability than previously anticipated, which is generally viewed positively by the market. Therefore, this could potentially lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100