PPG Industries Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average analyst estimate is for net income of $1.54 per share, a rise of 18.5% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from $1.56. Between one and three months ago, the average estimate moved down. It has been unchanged at $1.54 during the last month. For the year, analysts are projecting profit of $7.94 per share, a rise of 16.9% from last year.
Past Earnings Performance: Last quarter, the company topped estimates by 0 cents, coming in at net income of $2.24 per share against a mean estimate of profit of $2.21. The company fell in line with estimates in the second quarter.
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Stock Price Performance: Between October 11, 2012 and January 8, 2013, the stock price rose $24.77 (21.5%), from $115.46 to $140.23. The stock price saw one of its best stretches over the last year between November 15, 2012 and November 23, 2012, when shares rose for six straight days, increasing 7% (+$8.12) over that span. It saw one of its worst periods between May 7, 2012 and May 18, 2012 when shares fell for 10 straight days, dropping 8.7% (-$9.34) over that span.
A Look Back: In the third quarter, profit rose 9% to $339 million ($2.18 a share) from $311 million ($1.96 a share) the year earlier, exceeding analyst expectations. Revenue fell 0.1% to $3.85 billion from $3.85 billion.