Core Viewpoint - The market anticipates a year-over-year decline in earnings for PPG Industries due to lower revenues, with a focus on how actual results compare to estimates to influence stock price [1][2]. Earnings Expectations - PPG Industries is expected to report quarterly earnings of $2.22 per share, reflecting an 11.2% decrease year-over-year, and revenues of $4.13 billion, down 13.8% from the previous year [3]. - The earnings report is scheduled for July 29, and better-than-expected results could lead to a stock price increase, while missing estimates may result in a decline [2]. Estimate Revisions - The consensus EPS estimate has been revised 0.54% higher in the last 30 days, indicating a slight bullish sentiment among analysts [4]. - The Most Accurate Estimate for PPG Industries is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +0.14%, suggesting a likelihood of beating the consensus EPS estimate [12]. Earnings Surprise History - In the last reported quarter, PPG Industries exceeded the expected earnings of $1.62 per share by delivering $1.72, resulting in a surprise of +6.17% [13]. - Over the past four quarters, the company has beaten consensus EPS estimates two times [14]. Industry Context - In the Zacks Chemical - Specialty industry, RPM International is expected to post earnings of $1.6 per share for the same quarter, indicating a year-over-year increase of 2.6%, with revenues projected at $2.02 billion, up 0.4% [18]. - RPM International's consensus EPS estimate has been revised up by 0.1% over the last 30 days, but it currently has a negative Earnings ESP of -0.71%, making it challenging to predict a beat on the consensus EPS estimate [19].