PPG Indus's Earnings Outlook
Portfolio Pulse from Benzinga Insights
PPG Industries (NYSE:PPG) is scheduled to release its quarterly earnings report on January 18, 2024. Analysts predict an EPS of $1.49. Investors are looking for an earnings beat and positive guidance for future growth. PPG's stock performance has been positive over the last year, with shares up 16.5%. However, past earnings beats have not always led to stock price increases, as seen in the previous quarter's 2.69% drop following an earnings beat.
January 17, 2024 | 2:01 pm
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PPG Industries is expected to report an EPS of $1.49 for the upcoming quarter. Positive past year performance with shares up 16.5%, but previous earnings beats have not consistently led to stock gains.
While PPG Industries is expected to report solid earnings, the historical data shows that stock price reactions to earnings beats are mixed. The 16.5% increase in share price over the past year indicates a positive long-term trend, but the 2.69% drop after last quarter's earnings beat suggests that short-term impact may not be as positive. The market's focus on guidance rather than just earnings beats could lead to neutral short-term price movement.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100