We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Owens Corning (OC) Q3 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
Read MoreHide Full Article
The upcoming report from Owens Corning (OC - Free Report) is expected to reveal quarterly earnings of $4.01 per share, indicating a decline of 3.4% compared to the year-ago period. Analysts forecast revenues of $3.04 billion, representing an increase of 22.7% year over year.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
With that in mind, let's delve into the average projections of some Owens Corning metrics that are commonly tracked and projected by analysts on Wall Street.
The consensus among analysts is that 'Net Sales- Insulation' will reach $949.20 million. The estimate indicates a year-over-year change of +4%.
Analysts forecast 'Net Sales- Composites' to reach $540.10 million. The estimate points to a change of -4.7% from the year-ago quarter.
The combined assessment of analysts suggests that 'Net Sales- Roofing' will likely reach $1.07 billion. The estimate points to a change of -1.7% from the year-ago quarter.
According to the collective judgment of analysts, 'EBIT- Composites' should come in at $53.85 million. The estimate compares to the year-ago value of $80 million.
Analysts predict that the 'EBIT- Roofing' will reach $335.10 million. Compared to the current estimate, the company reported $343 million in the same quarter of the previous year.
The average prediction of analysts places 'EBIT- Insulation' at $174.30 million. Compared to the current estimate, the company reported $150 million in the same quarter of the previous year.
Over the past month, shares of Owens Corning have returned +2.5% versus the Zacks S&P 500 composite's -1% change. Currently, OC carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Owens Corning (OC) Q3 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
The upcoming report from Owens Corning (OC - Free Report) is expected to reveal quarterly earnings of $4.01 per share, indicating a decline of 3.4% compared to the year-ago period. Analysts forecast revenues of $3.04 billion, representing an increase of 22.7% year over year.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
With that in mind, let's delve into the average projections of some Owens Corning metrics that are commonly tracked and projected by analysts on Wall Street.
The consensus among analysts is that 'Net Sales- Insulation' will reach $949.20 million. The estimate indicates a year-over-year change of +4%.
Analysts forecast 'Net Sales- Composites' to reach $540.10 million. The estimate points to a change of -4.7% from the year-ago quarter.
The combined assessment of analysts suggests that 'Net Sales- Roofing' will likely reach $1.07 billion. The estimate points to a change of -1.7% from the year-ago quarter.
According to the collective judgment of analysts, 'EBIT- Composites' should come in at $53.85 million. The estimate compares to the year-ago value of $80 million.
Analysts predict that the 'EBIT- Roofing' will reach $335.10 million. Compared to the current estimate, the company reported $343 million in the same quarter of the previous year.
The average prediction of analysts places 'EBIT- Insulation' at $174.30 million. Compared to the current estimate, the company reported $150 million in the same quarter of the previous year.
View all Key Company Metrics for Owens Corning here>>>
Over the past month, shares of Owens Corning have returned +2.5% versus the Zacks S&P 500 composite's -1% change. Currently, OC carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>