PPG Industries Earnings Preview For Thursday's Release (PPG)
PPG Industries (NYSE:PPG) is on tap to release last fiscal quarter's results before the opening bell on April 19, 2012.
Who They Are:
PPG Industries, Inc. manufactures and supplies protective and decorative coatings. The company was founded in 1883 and is headquartered in Pittsburgh, Pennsylvania. Ppg Industries trades an average of 1.6 million shares per day and has a marketcap of $15 Billion.
Book Value: $21.39
Float Short: 1.13%
What To Expect:
Analysts are expecting an improvement of $0.48 in earnings per share compared to last quarter's results of $1.31. The number to beat is $1.79 per share based on the estimated mean earnings.
Analyst estimates range between $1.78 and $1.80 per share.
Recent Stock and Valuation Performance:
The current trailing twelve months P/E ratio is 14.5. The forward P/E ratio is 12.81.
From a month ago, the stock has increased in price 4.69%, and 7.60% from one year ago.
The stock is performing better than the overall market with a relative gain. When comparing to the S&P 500, the year to date difference is 6.51%.
The bottom line has rising earnings year-over-year of $1.10 billion for vs. $769.00 million for .The company's earnings before interest and taxes are rising with an EBIT year-over-year of $1.66 billion for vs. $1.35 billion for .
The short interest is relatively low at 1.13%.
Here are the last few quarters to get an idea how well they perform compared to estimates 
Reported earnings per share compared to the mean estimate. Differences are rounded.
Paid2Trade uses information believed to be correct, but is not guaranteed and is not independently checked for accuracy You may wish to use this article as a starting point of your own research with your financial planner.
