PPG Industries (PPG) got here out with quarterly earnings of $1.61 per share, lacking the Zacks Consensus Estimate of $1.65 per share. This compares to earnings of $1.53 per share a yr in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of -2.42%. 1 / 4 in the past, it was anticipated that this paint and coatings maker would submit earnings of $2.15 per share when it truly produced earnings of $2.13, delivering a shock of -0.93%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates simply as soon as.
PPG Industries
The sustainability of the inventory’s instant value motion based mostly on the recently-released numbers and future earnings expectations will principally depend upon administration’s commentary on the earnings name.
PPG Industries shares have added about 2.5% because the starting of the yr versus the S&P 500’s achieve of two.7%.
What’s Subsequent for PPG Industries?
Whereas PPG Industries has underperformed the market to this point this yr, the query that involves buyers’ minds is: what’s subsequent for the inventory?
There aren’t any straightforward solutions to this key query, however one dependable measure that may assist buyers tackle that is the corporate’s earnings outlook. Not solely does this embody present consensus earnings expectations for the approaching quarter(s), but in addition how these expectations have modified currently.
Empirical analysis exhibits a robust correlation between near-term inventory actions and tendencies in earnings estimate revisions. Traders can observe such revisions by themselves or depend on a tried-and-tested score software just like the Zacks Rank, which has a powerful observe report of harnessing the facility of earnings estimate revisions.
Forward of this earnings release, the estimate revisions development for PPG Industries: unfavorable. Whereas the magnitude and path of estimate revisions may change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #4 (Promote) for the inventory. So, the shares are anticipated to underperform the market within the close to future. You may see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Will probably be attention-grabbing to see how estimates for the approaching quarters and present fiscal yr change within the days forward. The present consensus EPS estimate is $1.87 on $3.74 billion in revenues for the approaching quarter and $8.58 on $15.68 billion in revenues for the present fiscal yr.
Traders ought to be conscious of the truth that the outlook for the business can have a fabric impression on the efficiency of the inventory as properly. When it comes to the Zacks Trade Rank, Chemical – Specialty is at present within the backside 14% of the 250 plus Zacks industries. Our analysis exhibits that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
Worldwide Flavors (IFF), one other inventory in the identical business, has but to report outcomes for the quarter ended December 2024. The outcomes are anticipated to be launched on February 18.
This elements producer for meals, cosmetics and client merchandise industries is predicted to submit quarterly earnings of $0.78 per share in its upcoming report, which represents a year-over-year change of +8.3%. The consensus EPS estimate for the quarter has been revised 0.5% decrease during the last 30 days to the present stage.
Worldwide Flavors’ revenues are anticipated to be $2.67 billion, down 1.3% from the year-ago quarter.
Ought to You Spend money on PPG Industries, Inc. (PPG)?
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Zacks Funding Analysis has been dedicated to offering buyers with instruments and unbiased analysis since 1978. For greater than 1 / 4 century, the Zacks Rank stock-rating system has greater than doubled the S&P 500 with a mean achieve of +24.08% per yr. (These returns cowl a interval from January 1, 1988 via Could 6, 2024.)
PPG Industries, Inc. (PPG) : Free Stock Analysis Report
International Flavors & Fragrances Inc. (IFF) : Free Stock Analysis Report
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