PPG Industries (PPG) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Company Overview - PPG Industries is expected to report a year-over-year increase in earnings of +7.8%, with an estimated EPS of $1.65 for the quarter ended December 2024 [3] - Revenues are projected to be$4.04 billion, reflecting a decrease of 7.1% compared to the same quarter last year [3] Earnings Expectations - The earnings report is scheduled for release on January 30, 2025, and could influence stock movement depending on whether the results exceed or fall short of expectations [2] - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analyst expectations [4] Earnings Surprise Prediction - The Most Accurate Estimate for PPG Industries is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -2.32%, suggesting a bearish outlook from analysts [10] - The company currently holds a Zacks Rank of 4 (Sell), complicating predictions of an earnings beat [11] Historical Performance - In the last reported quarter, PPG Industries was expected to post earnings of $2.15 per share but delivered$2.13, resulting in a surprise of -0.93% [12] - Over the past four quarters, the company has beaten consensus EPS estimates two times [13] Industry Context - In the Zacks Chemical - Specialty industry, Ashland is expected to report earnings of $0.20 per share, indicating a significant year-over-year decline of -55.6$439.38 million, also down 7.1% from the previous year [17] - Despite a recent upward revision of 5.9% in consensus EPS estimates for Ashland, it has an Earnings ESP of -6.56% and a Zacks Rank of 5 (Strong Sell), making predictions of an earnings beat difficult [18]