News
James B. Bell
- January 17, 2024
PPG Industries, a leading paint and coatings company, is scheduled to announce its fourth-quarter earnings after the market closes on Thursday. Let's take a closer look at what analysts are predicting for the company's performance.
Net Income
According to a consensus of seven analysts surveyed by FactSet, PPG Industries is expected to report a net profit of $357.4 million for the quarter. This marks a significant increase from the $238 million reported in the same quarter last year.
Revenue
Analysts foresee quarterly revenue of $4.27 billion, compared to $4.19 billion in the previous year. Sixteen analysts were polled by FactSet to arrive at this estimate.
Adjusted Earnings
The projected adjusted earnings, which exclude one-time items, is $1.49 per share. This figure is based on the forecast of 21 analysts surveyed by FactSet.
Key Factors to Watch
There are several important factors to keep an eye on when evaluating PPG Industries' performance:
Margin Expansion: Goldman Sachs analyst Duffy Fischer predicts that PPG Industries will experience margin expansion in the coming years. As prices increase in 2022 and 2023, they are expected to offset the decline in input costs for resins, binders, energy, and freight.
Volume Growth: Mizuho analysts suggest that PPG Industries may have already reached its lowest point in terms of volume growth. Demand in aerospace, automotive original equipment manufacturers, and automotive refinish coatings businesses is gradually recovering from pre-Covid levels. This trend indicates a potential period of easing year-over-year volume comparisons.
Operating Efficiency and Synergies: Seaport Research Partners analyst Michael Harrison anticipates that PPG Industries will report results near the high-end of its guidance range for the fourth quarter. This is due to the company's ability to manage input costs effectively and deliver on operational efficiency improvements and synergies.
Stay tuned for the release of PPG Industries' Q4 earnings, which will provide further insights into the company's performance.
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