Earnings Preview: PPG Industries EPS, Revenue Expected to Rise from Previous Quarter

It's time to gear up for PPG Industries PPG earnings! Keep your head in the game: The company releases its next round of earnings this Thursday, July 21, 2011.

Want to get caught up before Thursday's earnings release? We've got just what you need. Here is your everything-that-matters guide to PPG Industries' second quarter earnings report.

Let's Do the Numbers:

Ahead of the company's earnings announcement, analysts are expecting a positive EPS reading of $2.01 per share and revenues of $3.8 billion. We'll know on Thursday whether PPG Industries has managed the estimated 191% increase in EPS and 110% rise in revenues on a year-over-year basis.

Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter	Q1	Q4	Q3	Q2
EPS Estimate	$1.34	$1.13	$1.46	$1.43
EPS Actual	$1.40	$1.25	$1.59	$1.64

Stock Performance:

As of July 15, 2011, PPG Industries' current share price was $89.67. Shares are up 8% year to date. For a full 12 months, the return has risen by 21.1%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.

• Long-term shareholders are already enjoying 12-month gains prior to the announcement

Average Stock Rating:

The average rating by analysts for PPG Industries is a Hold. The strength of this rating has crept upwards over the past three months.

Competitors:

Wondering how some of the other materials companies are doing? Here are a few of PPG Industries' peers in that sector.

• E.I. du Pont de Nemours & Company DD: Moderate Buy with a $1.52 recent quarter EPS
• FMC FMC: Moderate Buy with a $1.49 recent quarter EPS
• Corning GLW: Moderate Buy with a $0.47 recent quarter EPS
• Olin OLN: Moderate Buy with a $0.35 recent quarter EPS

Finally, a description of the main business areas of the company, in case you need a little refresher: PPG Industries Inc. makes coatings, glass and chemical products.

Take Action:

Now that you have reviewed all the numbers, be ready to move if the upcoming PPG Industries earnings report has any surprises. Also, come back to Benzinga after the announcement for a full recap and a guide to your next steps.

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