Equity Profile

PPG

PPG Industries, Inc.

MaterialsSpecialty Chemicals$25.4B

Jan16Fri

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EST

Company Snapshot

PPG Industries, Inc. is a leading global supplier of paints, coatings, and specialty materials....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will help gauge the company's financial health this quarter.

N/A

Revenue Growth

Revenue growth reflects the company's ability to increase sales and capture market share, which is vital for investor confidence.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

PPG Q2-2026 Earnings Preview

Context

Company Snapshot

PPG Industries, Inc. is a leading global supplier of paints, coatings, and specialty materials. Operating in the materials sector, the company plays a crucial role in various industries, including construction and automotive, where demand for high-quality coatings is essential.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

63%

Avg EPS Surprise

+0.36%

Avg Stock Reaction

-0.77%

Last Quarter Recap

In Q1-2026, PPG Industries reported an EPS of $1.83, matching analyst expectations with a slight positive surprise. However, the stock declined by 2.38% the following day, indicating investor caution.

Management Promises & Guidance

Focus on improving operational efficiency.
Commitment to innovation in product development.
Plans to enhance customer engagement strategies.

Expectations

Wall Street Expectations

Overall, expectations for PPG's upcoming earnings are mixed, with no clear consensus on performance. Investors are closely watching for any signs of revenue growth and margin stability.

Bull Case

The optimistic view hinges on PPG exceeding EPS expectations and demonstrating strong revenue growth, which could boost investor confidence and drive stock prices higher.

Bear Case

Conversely, if PPG fails to meet earnings expectations or shows signs of declining margins, it could lead to further stock price declines, reflecting investor disappointment.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026?

EPS is a critical measure of profitability and will directly influence investor sentiment and stock performance.

How is PPG managing its operating margins amid rising costs?

Understanding margin management will provide insights into the company's operational efficiency and ability to maintain profitability.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate PPG's ability to manage costs effectively, especially in a challenging economic environment, which could lead to better-than-expected margins.

Supporting Evidence

Recent operational improvements may not be fully reflected in current EPS estimates.

The company's commitment to innovation could drive unexpected revenue growth.

Options pricing suggests a cautious outlook that may not align with PPG's operational strengths.

Key Risk

If operating margins exceed 15%, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it will reflect PPG's ability to navigate market challenges and maintain profitability.

Bull Confirmed If

An EPS of $1.90 or higher would confirm the bull case, indicating strong profitability.

Bear Confirmed If

An EPS below $1.70 would support the bear case, suggesting declining profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±1.42%

Historical Avg

±1.1%

Pricing rich

The options market is pricing in a modest move of 1.42% in either direction following the earnings report.

Options are pricing ±1.4% while PPG has averaged ±1.1% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

34.2%

Calls (34K)P/C Ratio: 0.25Puts (23K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Materials

n=30

Fade rate: 13 of 30 (43%)

This setup has occurred 30 times across Materials in the last 2 years. 13 of 30 faded and 17 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 4.8%, with a raw directional average of +0.2% (modestly positive historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If PPG beats expectations, history suggests a potential stock increase of around 0.83% on the following day, confirming positive momentum.

In-Line / Cautious

If results are in line with expectations, the stock may remain stable, but cautious commentary could lead to a muted reaction.

Miss

A miss on earnings could lead to a decline of approximately 0.47%, reflecting investor disappointment and concerns over future performance.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·0 sells

Members

House only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

D-TXLloyd DoggettRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on cost management strategies and their impact on margins.
2Updates on product innovation and market demand.
3Any changes in guidance for the upcoming quarters.
4Insights into customer engagement and sales strategies.
5Management's outlook on market conditions and competitive landscape.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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More Earnings This Week

5 Reports

ASML Holding N.V.

Company Snapshot

PPG Industries, Inc. is a leading global supplier of paints, coatings, and specialty materials....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will help gauge the company's financial health this quarter.

N/A

Revenue Growth

Revenue growth reflects the company's ability to increase sales and capture market share, which is vital for investor confidence.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

PPG Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

63%

Avg EPS Surprise

+0.36%

Avg Stock Reaction

-0.77%

Last Quarter Recap

Management Promises & Guidance

Focus on improving operational efficiency.
Commitment to innovation in product development.
Plans to enhance customer engagement strategies.

Expectations

Wall Street Expectations

Overall, expectations for PPG's upcoming earnings are mixed, with no clear consensus on performance. Investors are closely watching for any signs of revenue growth and margin stability.

Bull Case

The optimistic view hinges on PPG exceeding EPS expectations and demonstrating strong revenue growth, which could boost investor confidence and drive stock prices higher.

Bear Case

Conversely, if PPG fails to meet earnings expectations or shows signs of declining margins, it could lead to further stock price declines, reflecting investor disappointment.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026?

EPS is a critical measure of profitability and will directly influence investor sentiment and stock performance.

How is PPG managing its operating margins amid rising costs?

Understanding margin management will provide insights into the company's operational efficiency and ability to maintain profitability.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate PPG's ability to manage costs effectively, especially in a challenging economic environment, which could lead to better-than-expected margins.

Supporting Evidence

Recent operational improvements may not be fully reflected in current EPS estimates.

The company's commitment to innovation could drive unexpected revenue growth.

Options pricing suggests a cautious outlook that may not align with PPG's operational strengths.

Key Risk

If operating margins exceed 15%, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it will reflect PPG's ability to navigate market challenges and maintain profitability.

Bull Confirmed If

An EPS of $1.90 or higher would confirm the bull case, indicating strong profitability.

Bear Confirmed If

An EPS below $1.70 would support the bear case, suggesting declining profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±1.42%

Historical Avg

±1.1%

Pricing rich

The options market is pricing in a modest move of 1.42% in either direction following the earnings report.

Options are pricing ±1.4% while PPG has averaged ±1.1% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

34.2%

Calls (34K)P/C Ratio: 0.25Puts (23K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Materials

n=30

Fade rate: 13 of 30 (43%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If PPG beats expectations, history suggests a potential stock increase of around 0.83% on the following day, confirming positive momentum.

In-Line / Cautious

If results are in line with expectations, the stock may remain stable, but cautious commentary could lead to a muted reaction.

Miss

A miss on earnings could lead to a decline of approximately 0.47%, reflecting investor disappointment and concerns over future performance.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·0 sells

Members

House only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

D-TXLloyd DoggettRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on cost management strategies and their impact on margins.
2Updates on product innovation and market demand.
3Any changes in guidance for the upcoming quarters.
4Insights into customer engagement and sales strategies.
5Management's outlook on market conditions and competitive landscape.