Equity Profile

PPG

PPG Industries, Inc.

MaterialsSpecialty Chemicals$25.2B

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 critical measure of profitability and will indicate how well PPG is managing costs and generating earnings.

N/A

Revenue Growth

Revenue growth reflects demand for PPG's products and overall market health, which is essential for assessing future performance.

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, PPG plays a crucial role in various industries, including construction, automotive, and aerospace, making it a key player in the specialty chemicals industry.

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 reported an EPS of $1.83, matching analyst expectations with a slight positive surprise. However, the stock reacted negatively, dropping 2.38% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall expectations for PPG's upcoming earnings are mixed, with no analyst estimates available to guide sentiment. Investors will be closely watching for any signs of revenue growth or margin improvements.

Bull Case

Optimistically, if PPG can demonstrate strong revenue growth and maintain or improve its gross margins, it could signal robust demand and operational efficiency, leading to a positive stock reaction.

Bear Case

Conversely, if PPG fails to meet expectations on EPS or revenue growth, it may raise concerns about market demand and operational challenges, potentially leading to a further decline in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for Q2-2026?

EPS is a key indicator of profitability and will significantly influence investor sentiment and stock performance.

How is PPG managing cost pressures and supply chain challenges?

Understanding PPG's strategies for managing costs and supply chain issues will be crucial for assessing its operational health and future growth potential.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating PPG's ability to manage costs effectively, which could lead to better-than-expected margins despite inflationary pressures.

Supporting Evidence

PPG has a history of beating EPS estimates, with a 63% beat rate over the last eight quarters.

The options market is pricing a move of 1.42%, suggesting that investors may be overly cautious.

Key Risk

If PPG can demonstrate improved margins despite cost pressures, it could significantly alter the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on PPG's ability to navigate cost pressures while delivering solid earnings.

Bull Confirmed If

A reported EPS above $1.90 would confirm strong operational performance and investor confidence.

Bear Confirmed If

An EPS below $1.75 would raise concerns about profitability and market demand.

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, indicating uncertainty about the upcoming 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 4.7%, with a raw directional average of +0.6% (modestly positive historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If PPG beats expectations, history suggests the stock could see a positive reaction, potentially around a 0.95% increase on the first day.

In-Line / Cautious

If results are in line but cautious, the stock may experience a muted response as investors digest management's commentary.

Miss

If PPG misses expectations, history suggests a potential decline of around 0.47% on the first day.

Preparation

Congressional Activity

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

Trades

2 buys·0 sells

Members

House only

Est. Notional

$2,002.00–$30,000.00

disclosed dollar ranges

Most Active Members

D-TXLloyd DoggettRep.
2

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on cost management strategies and their effectiveness.
2Guidance on revenue expectations for the upcoming quarters.
3Insights into demand trends in key markets such as construction and automotive.
4Comments on supply chain stability and any potential disruptions.
5Details on new product launches or innovations that could drive growth.

See the full picture

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

No charge today · Auto-bills $8/mo after 7 days · Cancel anytime

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 critical measure of profitability and will indicate how well PPG is managing costs and generating earnings.

N/A

Revenue Growth

Revenue growth reflects demand for PPG's products and overall market health, which is essential for assessing future performance.

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

In Q1 2026, PPG reported an EPS of $1.83, matching analyst expectations with a slight positive surprise. However, the stock reacted negatively, dropping 2.38% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

Optimistically, if PPG can demonstrate strong revenue growth and maintain or improve its gross margins, it could signal robust demand and operational efficiency, leading to a positive stock reaction.

Bear Case

Conversely, if PPG fails to meet expectations on EPS or revenue growth, it may raise concerns about market demand and operational challenges, potentially leading to a further decline in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for Q2-2026?

EPS is a key indicator of profitability and will significantly influence investor sentiment and stock performance.

How is PPG managing cost pressures and supply chain challenges?

Understanding PPG's strategies for managing costs and supply chain issues will be crucial for assessing its operational health and future growth potential.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating PPG's ability to manage costs effectively, which could lead to better-than-expected margins despite inflationary pressures.

Supporting Evidence

PPG has a history of beating EPS estimates, with a 63% beat rate over the last eight quarters.

The options market is pricing a move of 1.42%, suggesting that investors may be overly cautious.

Key Risk

If PPG can demonstrate improved margins despite cost pressures, it could significantly alter the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on PPG's ability to navigate cost pressures while delivering solid earnings.

Bull Confirmed If

A reported EPS above $1.90 would confirm strong operational performance and investor confidence.

Bear Confirmed If

An EPS below $1.75 would raise concerns about profitability and market demand.

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, indicating uncertainty about the upcoming 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 the stock could see a positive reaction, potentially around a 0.95% increase on the first day.

In-Line / Cautious

If results are in line but cautious, the stock may experience a muted response as investors digest management's commentary.

Miss

If PPG misses expectations, history suggests a potential decline of around 0.47% on the first day.

Preparation

Congressional Activity

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

Trades

2 buys·0 sells

Members

House only

Est. Notional

$2,002.00–$30,000.00

disclosed dollar ranges

Most Active Members

D-TXLloyd DoggettRep.
2

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on cost management strategies and their effectiveness.
2Guidance on revenue expectations for the upcoming quarters.
3Insights into demand trends in key markets such as construction and automotive.
4Comments on supply chain stability and any potential disruptions.
5Details on new product launches or innovations that could drive growth.