PPG Industries Fourth Quarter Earnings Sneak Peek

  Google+ | + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

S&P 500 (NYSE:SPY) component PPG Industries (NYSE:PPG) will unveil its latest earnings on Monday, January 14, 2013. PPG Industries makes coatings, glass, and chemical products.

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.

Earnings season is back and more important than ever. Get our newest CHEAT SHEET stock picks now

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.

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business