PPG Industries Inc. ($PPG) Stock Forecast: Down 5.0% Today

What is PPG Industries Inc.?

PPG Industries (PPG) is a leading global supplier of paints, coatings, and specialty materials. The company operates in diverse sectors such as aerospace, automotive, and industrial coatings.

Why is PPG Industries Inc. going down?

PPG stock is down 5.0% on Jul 19, 2024 16:42

• Strong Q2 earnings per share were reported by PPG Industries, surpassing analyst expectations. However, revenue fell short due to unfavorable foreign currency translation.
• The stock price of PPG faced bearish movement, possibly influenced by the revenue miss, despite exceeding EPS estimates.
• The negative market reaction to the revenue shortfall overshadowed the positive earnings beat, resulting in a bearish trend for PPG.
• The market's emphasis on revenue performance and currency effects likely played a role in the stock's decline, despite the positive EPS outcome.

PPG Price Chart

PPG News

PPG Industries ( PPG ) Q2 Earnings Top Estimates, Sales Lag

PPG Industries (PPG) second-quarter revenues are adversely impacted by unfavorable foreign currency translation.

https://www.zacks.com/stock/news/2305079/ppg-industries-ppg-q2-earnings-top-estimates-sales-lag

Netflix, American Express And 3 Stocks To Watch Heading Into Friday - American Express ( NYSE:AXP )

With U.S. stock futures trading higher this morning on Friday, some of the stocks that may grab investor focus today are as follows: Wall Street expects American Express Company AXP to report quarterly earnings at $3.26 per share on revenue of $16.59 billion before the opening bell, according to ...

https://www.benzinga.com/news/earnings/24/07/39853312/netflix-american-express-and-3-stocks-to-watch-heading-into-friday

PPG Stock Earnings: PPG Indus Beats EPS, Misses Revenue for Q2 2024

PPG Indus (NYSE:PPG) just reported results for the second quarter of 2024. PPG Indus reported earnings per share of $2.50. This was above the analyst estimate for EPS of $2.48. The company reported revenue of $4.79 billion. This was 2.56% worse than the analyst estimate for revenue of $4.92 billion. InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com.

https://investorplace.com/earning-results/2024/07/ppg-stock-earnings-ppg-indus-for-q2-of-2024/

PPG Industries Inc. Reports Record Q2 EPS of $2.24, Net Sales at $4.8 Billion

PPG Industries Inc. Reports Record Q2 EPS of $2.24, Net Sales at $4.8 Billion

https://www.gurufocus.com/news/2476417/ppg-industries-inc-reports-record-q2-eps-of-224-net-sales-at-48-billion

PPG Industries ( PPG ) Beats Q2 Earnings Estimates

PPG Industries (PPG) delivered earnings and revenue surprises of 0.81% and 2.43%, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2304826/ppg-industries-ppg-beats-q2-earnings-estimates

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PPG Industries Inc. Price History

27.01.2024 - PPG Stock was up 0.0%

• PPG Industries (PPG) experienced a bullish movement today, closing at $144.37 with a +0.69% change from the previous trading day.
• Cutting PPG Industries stock to Equalweight and lowering the target to $149 did not deter the bullish trend, indicating strong market sentiment towards the company.
• Insider acquisitions by top executives, such as Timothy M Knavish and Ramaprasad Vadlamannati, investing in PPG Indus stock options, might have instilled confidence in investors, contributing to the positive movement in the stock.
• Despite the mixed analyst forecasts and target price adjustments, the strategic moves by key insiders and the overall positive market sentiment towards PPG Industries likely fueled the bullish momentum in the stock today.

21.06.2023 - PPG Stock was up 0.9%

• The bullish movement in PPG Industries' stock can be attributed to several factors:
• 1. Positive Q2 Earnings: PPG Industries delivered better-than-expected earnings and revenue for the quarter, surpassing estimates by 5.14% and 0.46% respectively. This strong financial performance likely boosted investor confidence and drove the stock price higher.
• 2. Raised Forecast: PPG Industries also raised its forecast, citing higher prices that have boosted its quarterly results. This positive outlook for the company's future performance could have attracted investors and contributed to the bullish movement.
• 3. After-Hours Trading: The stock's significant moves in extended trading further indicate investor interest and potential positive sentiment surrounding PPG Industries. The after-hours trading activity suggests that market participants are reacting positively to the company's recent developments.
• Overall, PPG Industries' bullish movement can be attributed to its impressive Q2 earnings, raised forecast, and positive market sentiment.

19.06.2024 - PPG Stock was down 5.2%

• PPG Industries reported record Q2 EPS of $2.24 and net sales of $4.8 billion, surpassing expectations.
• Despite these positive earnings, PPG Industries' stock declined due to missing revenue projections and reducing future guidance.
• The company noted stable organic sales with growth in some segments, balanced by weaker global automotive builds.
• The market response was unfavorable to the mixed outcomes and revised guidance, resulting in a downward trend in PPG's stock price.

19.06.2024 - PPG Stock was down 5.0%

• Strong Q2 earnings per share were reported by PPG Industries, surpassing analyst expectations. However, revenue fell short due to unfavorable foreign currency translation.
• The stock price of PPG faced bearish movement, possibly influenced by the revenue miss, despite exceeding EPS estimates.
• The negative market reaction to the revenue shortfall overshadowed the positive earnings beat, resulting in a bearish trend for PPG.
• The market's emphasis on revenue performance and currency effects likely played a role in the stock's decline, despite the positive EPS outcome.