Compared to Estimates, PPG Industries (PPG) Q3 Earnings: A Look at Key Metrics
For the quarter ended September 2023, PPG Industries (PPG) reported revenue of $4.64 billion, up 3.9% over the same period last year. EPS came in at $2.07, compared to $1.66 in the year-ago quarter.
The reported revenue represents a surprise of +0.50% over the Zacks Consensus Estimate of $4.62 billion. With the consensus EPS estimate being $1.95, the EPS surprise was +6.15%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how PPG Industries performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- Industrial Coatings: $1.76 billion versus $1.77 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +0.1% change.
Net Sales- Performance Coatings: $2.88 billion compared to the $2.86 billion average estimate based on five analysts. The reported number represents a change of +6.5% year over year.
Segment Income- Industrial Coatings: $246 million versus $224.21 million estimated by five analysts on average.
Segment Income- Performance Coatings: $452 million compared to the $458.23 million average estimate based on five analysts.
View all Key Company Metrics for PPG Industries here>>>
Shares of PPG Industries have returned -0.6% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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PPG Industries, Inc. (PPG) : Free Stock Analysis Report
