PPG Industries, Inc. (PPG) earnings on July 28, 2026

After the market closes Q2 2026

More PPG Industries, Inc. earnings

Prior outlook: Pessimistic Outcome: Accurate

PPG shares fell nearly 6% after earnings, as profit missed estimates despite higher sales and steady outlook.

PPG price around the earnings

111.83

Change: -6.0%

2026-07-29, 20:00 UTC

Start of the measured window End of the measured window
110.67 114.07 117.46 120.86 119.01
Price series around the eventClosing price per minute from before the event to the end of the measured window.No trading (market closed)No trading (market closed)No trading (market closed)
July 28, 2026 July 29, 2026
  • Price: green if it ends above the starting price; red if it ends below
  • Start of the measured window
  • End of the measured window
  • Market open
  • No trading (market closed)
  • Starting price
Price series around the event

Prior thesis

Prior outlook: Pessimistic Outcome: Accurate

Thesis published
Results released

B of A upgrade to Buy but negative 30d trend strength; extreme retail crowding at 100% optimistic creates headwind.

Context analyzed before publication

Trend
Trajectory crashed from +17.3 to -60.3 over 7 days; trend strength collapsed into earnings event

Analysts

Evidence

Analyst consensus
Buy
Consensus average (1-5)
2.13
Analysts covering the stock
20
Average price target
125.5
Lowest price target
108
Highest price target
138
Upside to price target
5.4%
Quarterly earnings growth
2.4%
Revenue growth
6.7%
Forward EPS
8.66
Trailing EPS
6.98
Analyst moves in the last 60 days
7
  • Strong buy: 2
  • Buy: 9
  • Hold: 12
  • Sell: 0
  • Strong sell: 0
Strong buy
2
Buy
9
Hold
12
Sell
0
Strong sell
0
  • July 17, 2026 · B of A Securities: Upgrades rating (Neutral → Buy)
  • July 8, 2026 · RBC Capital: Maintains rating (Sector Perform → Sector Perform)
  • July 6, 2026 · BMO Capital: Maintains rating (Outperform → Outperform)
  • July 1, 2026 · Mizuho: Maintains rating (Outperform → Outperform)
  • June 24, 2026 · Citigroup: Maintains rating (Neutral → Neutral)
  • June 15, 2026 · BMO Capital: Maintains rating (Outperform → Outperform)
  • June 10, 2026 · RBC Capital: Reiterates rating (Sector Perform → Sector Perform)

News and sentiment

Evidence

Sentiment
Sentiment
Constructive
Mention volume
Low
Normalized volume
33%
News
Sources (6)

Technicals

Evidence

Average true range (ATR)
2.8%
Distance to 52-week high
-8.5%
14-day change (14d)
+4.1%
30-day change (31d)
-3.8%
30-day relative strength
-5.1%
SPY change (31d)
+1.3%
Nearest support
118.48
Nearest resistance
120.22
Volume accumulation ratio (14d / 46d)
1.01

Trends

Evidence

Average earnings surprise
+0.4%
  • April 28, 2026: actual EPS 1.83 vs estimate 1.77 (surprise +3.6%)
  • January 27, 2026: actual EPS 1.51 vs estimate 1.58 (surprise -4.4%)
  • October 28, 2025: actual EPS 2.13 vs estimate 2.08 (surprise +2.3%)
  • July 29, 2025: actual EPS 2.22 vs estimate 2.22 (surprise -0.0%)

Expected move

Implied move
+3.1%
Source
Options chain

Reactions over its last 19 earnings

Median move
3%
75th percentile move
5.2%
90th percentile move
5.8%
Up / down moves
7 / 12
Average up move
+3.1%
Average down move
-3.3%

Monitoring and close

What PPG Industries, Inc. reported

Status
Finished
Actual EPS2.23
EPS estimate2.25
EPS surprise-0.9%
Revenue$4,495 million
Revenue estimate$4,365 million
Revenue surprise+3.0%

PPG reaffirmed its 2026 earnings guidance, raised its dividend, and completed share buybacks. Shares fell 7.5% in the past month.

Sources (13)

Pre-market second reading after the results

Verdict
Missed expectations

Heading into the open, the figures don't clearly confirm the prior scenario.

How the stock reacted

Outcome
Accurate
Consolidated
-6.0%
Max favorable move (MFE)
7%
Max adverse move (MAE)
0.2%