PPG Indus PPG reported its Q1 earnings results on Thursday, April 20, 2023 at 04:10 PM.
Here's what investors need to know about the announcement.
Earnings
PPG Indus beat estimated earnings by 18.95%, reporting an EPS of $1.82 versus an estimate of $1.53.
Revenue was up $72.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.09 which was followed by a 5.99% increase in the share price the next day.
Here's a look at PPG Indus's past performance:
Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
---|---|---|---|---|
EPS Estimate | 1.13 | 1.83 | 1.78 | 1.12 |
EPS Actual | 1.22 | 1.66 | 1.81 | 1.37 |
Revenue Estimate | 4.10B | 4.57B | 4.67B | 4.24B |
Revenue Actual | 4.18B | 4.47B | 4.69B | 4.31B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
PPG Indus management provided guidance for FY 2023, expecting earnings between $6.95 and $7.25 per share.
To track all earnings releases for PPG Indus visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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