We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
PPG Industries (PPG) Stock Sinks As Market Gains: What You Should Know
Read MoreHide Full Article
In the latest market close, PPG Industries (PPG - Free Report) reached $141.31, with a -0.84% movement compared to the previous day. The stock's performance was behind the S&P 500's daily gain of 1.12%. Meanwhile, the Dow experienced a rise of 0.61%, and the technology-dominated Nasdaq saw an increase of 1.54%.
Shares of the paint and coatings maker have appreciated by 1.14% over the course of the past month, underperforming the Basic Materials sector's gain of 5.41% and the S&P 500's gain of 2.06%.
The investment community will be closely monitoring the performance of PPG Industries in its forthcoming earnings report. It is anticipated that the company will report an EPS of $1.89, marking a 3.85% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $4.43 billion, up 1.16% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $8.47 per share and revenue of $18.59 billion, indicating changes of +10.43% and +1.91%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for PPG Industries. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Right now, PPG Industries possesses a Zacks Rank of #3 (Hold).
Looking at its valuation, PPG Industries is holding a Forward P/E ratio of 16.82. This indicates a discount in contrast to its industry's Forward P/E of 17.89.
It is also worth noting that PPG currently has a PEG ratio of 1.4. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Chemical - Specialty stocks are, on average, holding a PEG ratio of 2.15 based on yesterday's closing prices.
The Chemical - Specialty industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 151, positioning it in the bottom 41% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
PPG Industries (PPG) Stock Sinks As Market Gains: What You Should Know
In the latest market close, PPG Industries (PPG - Free Report) reached $141.31, with a -0.84% movement compared to the previous day. The stock's performance was behind the S&P 500's daily gain of 1.12%. Meanwhile, the Dow experienced a rise of 0.61%, and the technology-dominated Nasdaq saw an increase of 1.54%.
Shares of the paint and coatings maker have appreciated by 1.14% over the course of the past month, underperforming the Basic Materials sector's gain of 5.41% and the S&P 500's gain of 2.06%.
The investment community will be closely monitoring the performance of PPG Industries in its forthcoming earnings report. It is anticipated that the company will report an EPS of $1.89, marking a 3.85% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $4.43 billion, up 1.16% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $8.47 per share and revenue of $18.59 billion, indicating changes of +10.43% and +1.91%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for PPG Industries. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Right now, PPG Industries possesses a Zacks Rank of #3 (Hold).
Looking at its valuation, PPG Industries is holding a Forward P/E ratio of 16.82. This indicates a discount in contrast to its industry's Forward P/E of 17.89.
It is also worth noting that PPG currently has a PEG ratio of 1.4. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Chemical - Specialty stocks are, on average, holding a PEG ratio of 2.15 based on yesterday's closing prices.
The Chemical - Specialty industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 151, positioning it in the bottom 41% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.