PPG Maintains FY24 Sales And EPS Guidance, Expecting Organic Sales To Be Flat And Adjusted EPS To Be At Low End Of $8.15 - $8.30 Range (Est $8.22)
Portfolio Pulse from Benzinga Newsdesk
PPG Industries has maintained its fiscal year 2024 sales and earnings per share (EPS) guidance. The company expects organic sales to remain flat and adjusted EPS to be at the low end of the $8.15 - $8.30 range, with an estimate of $8.22.
October 16, 2024 | 8:09 pm
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PPG Industries has reaffirmed its FY24 guidance, anticipating flat organic sales and adjusted EPS at the lower end of its projected range. This suggests cautious investor sentiment.
PPG's reaffirmation of its guidance indicates stability but also suggests limited growth potential in the short term. The flat sales and low-end EPS projection may lead to cautious investor sentiment, resulting in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100