PPG Expects Q2 Organic Sales Growth To Be In Up Low Single Digits, Adjusted EPS Of $2.42-$2.52, Est $2.55
Portfolio Pulse from Benzinga Newsdesk
PPG Industries forecasts its Q2 organic sales growth to be in the low single digits and expects adjusted EPS to range between $2.42 and $2.52, slightly below the estimated $2.55.
April 18, 2024 | 8:08 pm
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PPG Industries anticipates Q2 organic sales growth in the low single digits and an adjusted EPS of $2.42-$2.52, below the consensus estimate of $2.55.
PPG's forecast of a lower-than-expected adjusted EPS for Q2 suggests potential short-term negative impact on its stock price, as earnings below analyst estimates can lead to decreased investor confidence and sell-offs.
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