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Owens Corning (OC) Reports Q3 Earnings: What Key Metrics Have to Say

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Owens Corning (OC - Free Report) reported $3.05 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 22.9%. EPS of $4.38 for the same period compares to $4.15 a year ago.

The reported revenue represents a surprise of +0.17% over the Zacks Consensus Estimate of $3.04 billion. With the consensus EPS estimate being $4.01, the EPS surprise was +9.23%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Owens Corning performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Net Sales- Insulation: $946 million versus the two-analyst average estimate of $949.20 million. The reported number represents a year-over-year change of +3.6%.
  • Net Sales- Composites: $534 million versus the two-analyst average estimate of $540.10 million. The reported number represents a year-over-year change of -5.8%.
  • Net Sales- Doors: $573 million versus the two-analyst average estimate of $567.30 million.
  • Net Sales- Roofing: $1.08 billion versus $1.07 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -0.6% change.
  • EBIT- Composites: $61 million versus the two-analyst average estimate of $53.85 million.
  • EBIT- Doors: $36 million compared to the $47.70 million average estimate based on two analysts.
  • EBIT- Roofing: $359 million compared to the $335.10 million average estimate based on two analysts.
  • EBIT- Insulation: $183 million compared to the $174.30 million average estimate based on two analysts.
View all Key Company Metrics for Owens Corning here>>>

Shares of Owens Corning have returned +0.3% over the past month versus the Zacks S&P 500 composite's +0.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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