PPG Industries Inc reports results for the quarter ended December 31 - Earnings Summary

• PPG Industries Inc PPG.N reported quarterly adjusted earnings of $1.61​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of $1.53. The mean expectation of twenty two analysts for the quarter was for earnings of $1.65 per share. Wall Street expected results to range from $1.60 to $1.70 per share.

• Revenue fell 14.3% to $3.73 billion from a year ago; analysts expected $4.05 billion.

• PPG Industries Inc's reported EPS for the quarter was a loss of $1.20​.

• The company reported a quarterly loss of $280 million.

• PPG Industries Inc shares had risen by 2.5% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.7% in the last three months.​

• In the last 30 days, five analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy," 14 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the commodity chemicals peer group is also "buy"

Wall Street's median 12-month price target for PPG Industries Inc is $144.50

This summary was machine generated from LSEG data January 31 at 12:33 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)