Wall Street analysts evaluating future earnings growth for PPG Industries, Inc. (NYSE:PPG) are predicting that the company will report $1.88 for the quarter ending on 30 September 2015.
Brokerage firms are issuing projections on a consensus basis with this figure. Analysts have a mean estimate for long-term growth of $8.25 for long-term earnings per share estimate trends,. This is the best estimate for both earnings and sales over the next three to five years. Three months ago, analysts had the same long-term growth estimate at $8.25, on a consensus level.
There are 13 sell-side analysts which have issued a projected price level of where they expect the stock to reach over the next 52-weeks. The consensus price point of these analysts currently stands at $122.269. The brokerage firm seeing the most upside to current levels sees the equity reaching $135, while the most conservative forecasts the stock at $112.5 over that same time frame.
When breaking down the analyst ratings into a simplified formula where one represents a Strong Buy and five represents a Strong Sell recommendation, PPG Industries, Inc. has a rating of 1.5 based on the reports from the 13 firms issuing ratings.
PPG Industries, Inc. is expected to report their next quarterly earnings on or around 15 October 2015 for the period. The company last reported EPS of $1.67 on 16 July 2015 for the quarter ended 30 June 2015.