Pre-earnings brief
Reports
Fri, Jan 16, 2009
Est. EPS
—
Est. revenue
—
Implied move
±1.8%
EPS beat rate
50%
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 automotive, aerospace, and construction, making it a key player in the specialty chemicals industry.
Last quarter
In Q2-2026, PPG reported an EPS of $2.23, slightly missing expectations. The stock reacted positively, gaining 0.46% the following day.
Management promises and guidance
EPS beat streak
0Q
EPS beat rate
50%
Avg EPS surprise
+0.12%
Avg 1-day reaction
-0.52%
Overall, investors are cautiously optimistic about PPG's upcoming earnings report, given the company's recent performance and market conditions.
Bull case
If PPG can demonstrate strong revenue growth and improved margins, it may indicate a robust recovery in demand, leading to a positive stock reaction.
Bear case
Conversely, if PPG fails to meet earnings expectations again, it could raise concerns about ongoing operational challenges and market demand.
The print will turn on these.
Q1
What will be the EPS figure for Q3-2026?
EPS is a key indicator of profitability and will significantly influence investor sentiment and stock performance.
Q2
How is PPG addressing cost pressures and supply chain challenges?
Understanding management's strategy to mitigate these challenges will be crucial for assessing future performance and stability.
—
Est. EPS
—
Est. Rev
—
Impl. Move
—
Why consensus could be wrong
The Street may be underestimating PPG's ability to recover from recent challenges, as recent insider buying suggests confidence in the company's direction.
Supporting evidence
Insider buying activity indicates a belief in the company's future performance.
Options pricing suggests a higher expected move than historical averages, signaling potential for significant news.
PPG's historical EPS surprises show a pattern of beating expectations when least expected.
Key risk
If PPG's EPS exceeds $2.30, it could challenge the current bearish sentiment.
Pre-commit to what would confirm each case.
This quarter's performance will hinge on PPG's ability to manage costs and deliver on profitability amidst market challenges.
Bull confirmed if
A positive EPS surprise of 3% or more would confirm the bull case.
Bear confirmed if
An EPS miss of 3% or more would confirm the bear case.
What the market is pricing for the move.
Implied Move
±6.31%
Historical Avg
±1.0%
The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.
Options are pricing ±1.8% while PPG has averaged ±1.0% over the last 8 prints — setup is pricing rich.
ATM IV
0.4%
30d HV
20.0%
Likely market behavior by outcome. Not investment advice.
Beat & raise
If PPG beats expectations, history suggests the stock could rise by around 1.01%, confirming a positive outlook.
In line / cautious
If results are in line with expectations, the stock may see muted movement as investors await further guidance.
Miss
A miss could lead to a decline, with historical data showing an average drop of 0.24% following earnings misses.
House and Senate STOCK Act disclosures over the trailing 6 months.
Trades
2
2 buys·0 sells
Members
1
House only
Est. Notional
$2,002.00–$30,000.00
disclosed dollar ranges
Most Active Members
2 trades
The lines on the call that would change the story.
Net buying
Recent Transactions
Traded Sep 11, 2026 · disclosed Oct 5, 2026
$1,001.00–$15,000.00
Traded Jun 12, 2026 · disclosed Jul 6, 2026
$1,001.00–$15,000.00
Filed 30–45+ days after the trade. Treat as positional context, not a leading indicator. Amounts are SEC-mandated dollar ranges, not exact values.