PPG Industries (PPG) Surpasses Q3 Earnings and Revenue Estimates

Core Viewpoint - PPG Industries reported quarterly earnings of $2.13 per share, exceeding the Zacks Consensus Estimate of $2.09 per share, with revenues of $4.08 billion, surpassing estimates by 1.14% [1][2] Financial Performance - The company achieved an earnings surprise of +1.91% for the quarter, maintaining the same earnings per share as the previous year [1] - PPG Industries' revenues decreased from $4.58 billion a year ago to $4.08 billion this quarter [2] - Over the last four quarters, the company has surpassed consensus EPS estimates two times and revenue estimates three times [2] Stock Performance - PPG Industries shares have declined approximately 11.7% since the beginning of the year, contrasting with the S&P 500's gain of 16.9% [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating expectations of underperformance in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $1.76 on revenues of $3.81 billion, and for the current fiscal year, it is $7.81 on revenues of $15.73 billion [7] - The outlook for the Chemical - Specialty industry, where PPG operates, is currently in the bottom 35% of Zacks industries, which may negatively impact stock performance [8]