PPG Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

PPG Industries, Inc. PPG will release earnings results for its third quarter after the closing bell on Wednesday, Oct. 16.

Analysts expect the Pittsburgh, Pennsylvania-based bank to report quarterly earnings at $2.15 per share, up from $2.07 per share in the year-ago period. PPG projects to report revenue of $4.65 billion for the recent quarter, according to data from Benzinga Pro.

On Oct. 8, PPG and Shaw Industries signed a strategic agreement for resinous flooring products.

PPG shares gained 1.1% to close at $129.87 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• Keybanc analyst Aleksey Yefremov maintained an Overweight rating and cut the price target from $162 to $153 on July 22. This analyst has an accuracy rate of 67%.
• Citigroup analyst Patrick Cunningham maintained a Buy rating and lowered the price target from $145 to $144 on July 22. This analyst has an accuracy rate of 72%.
• BMO Capital analyst John McNulty maintained an Outperform rating and cut the price target from $165 to $161 on July 22. This analyst has an accuracy rate of 68%.
• Seaport Global analyst Michael Harrison assumed coverage from Neutral to Buy on April 22. This analyst has an accuracy rate of 70%.
• Deutsche Bank analyst David Begleiter maintained a Buy rating and lowered the price target from $160 to $155 on April 22. This analyst has an accuracy rate of 74%.

Considering buying PPG stock? Here’s what analysts think:

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