PPG Industries, Inc. reports results for the quarter ended September 30 - Earnings Summary

• PPG Industries, Inc. PPG.N reported quarterly adjusted earnings of $2.25​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $2.13. The mean expectation of twenty two analysts for the quarter was for earnings of $2.12 per share. Wall Street expected results to range from $2.05 to $2.19 per share.

• Revenue rose 6.6% to $4.35 billion from a year ago; analysts expected $4.29 billion.

• PPG Industries, Inc.'s reported EPS for the quarter was $2.02​.

• The company reported quarterly net income of $451 million.

• PPG Industries, Inc. shares had risen by 5.3% this quarter and gained 7.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.6% in the last three months.​

• In the last 30 days, six 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," 13 "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 $126.00, about 10% above its last closing price of $113.44

This summary was machine generated from LSEG data October 27 at 09:01 p.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)