Company Performance - Owens Corning's stock closed at $137.10, with a daily increase of +1.99%, underperforming the S&P 500's gain of 2.51% [1] - The stock has decreased by 11.09% over the past month, compared to the Construction sector's loss of 9.21% and the S&P 500's loss of 8.86% [1] Upcoming Earnings - The company's earnings report is scheduled for May 7, 2025, with projected EPS of $2.82, indicating a 21.45% decline from the same quarter last year [2] - Quarterly revenue is expected to be $2.52 billion, reflecting a 9.41% increase from the previous year [2] Full Year Estimates - For the full year, earnings are projected at $14.33 per share and revenue at $10.58 billion, showing declines of -9.93% and -3.62% respectively from the prior year [3] Analyst Estimates - Recent changes in analyst estimates indicate a positive outlook on Owens Corning's business operations and profit generation capabilities [4] - The Zacks Rank system, which reflects these estimate changes, currently ranks Owens Corning as 4 (Sell) [6] Valuation Metrics - Owens Corning has a Forward P/E ratio of 9.38, which is lower than the industry average of 14.35 [7] - The company has a PEG ratio of 2.21, compared to the average PEG ratio of 1.66 for the Building Products - Miscellaneous industry [7] Industry Context - The Building Products - Miscellaneous industry is part of the Construction sector and holds a Zacks Industry Rank of 156, placing it in the bottom 38% of over 250 industries [8]

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about Owens Corning (OC) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Owens Corning currently has an average ...

In the latest trading session, Owens Corning (OC) closed at $138.21, marking a -1.44% move from the previous day. This change lagged the S&P 500's daily loss of 0.17%. Meanwhile, the Dow lost 0.39%, and the Nasdaq, a tech-heavy index, lost 0.05%.Prior to today's trading, shares of the construction materials company had lost 3.33% over the past month. This has was narrower than the Construction sector's loss of 5.56% and the S&P 500's loss of 3.94% in that time.The investment community will be paying close a ...

Core Viewpoint - The average brokerage recommendation (ABR) for Owens Corning (OC) is 1.81, indicating a consensus between Strong Buy and Buy, based on 16 brokerage firms' recommendations [2] Brokerage Recommendations - The current ABR of 1.81 is derived from nine Strong Buy and one Buy recommendations, which account for 56.3% and 6.3% of all recommendations respectively [2] - Despite the positive ABR, reliance solely on brokerage recommendations for investment decisions may not be prudent, as studies show limited success in guiding investors towards stocks with the best price increase potential [5] Analyst Bias and Reliability - Brokerage analysts often exhibit a strong positive bias in their ratings due to vested interests, with a ratio of five Strong Buy recommendations for every Strong Sell [6] - This misalignment of interests can lead to misleading insights regarding a stock's future price movement [7] Zacks Rank Comparison - Zacks Rank, a proprietary stock rating tool, categorizes stocks from Strong Buy to Strong Sell and is based on earnings estimate revisions, which are more effective indicators of near-term stock price performance [8][11] - The ABR is calculated solely from brokerage recommendations and may not be up-to-date, while Zacks Rank reflects timely earnings estimate revisions [9][12] Current Earnings Estimates for Owens Corning - The Zacks Consensus Estimate for Owens Corning has declined by 0.6% over the past month to $14.51, indicating growing pessimism among analysts regarding the company's earnings prospects [13] - This decline in earnings estimates has resulted in a Zacks Rank of 4 (Sell) for Owens Corning, suggesting caution despite the Buy-equivalent ABR [14]

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about Owens Corning (OC) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Owens Corning currently has an average ...

Core Viewpoint - Home Depot's prospects are closely tied to home improvement spending and the housing market, leading investors to consider alternative stocks like Whirlpool, Stanley Black & Decker, and Owens Corning for potentially better returns [1]. Valuation and Financial Metrics - Home Depot has a dividend yield of 2.4% and a price-to-earnings (PE) ratio of 26 times trailing earnings and 23.5 times estimated earnings in 2027 [2]. - Analyst consensus predicts 1% EPS growth for Home Depot in 2025, followed by 10% in 2026 [5]. - PE ratios for 2024, 2025, and 2026 for Whirlpool, Stanley Black & Decker, and Owens Corning are as follows: - Whirlpool: 8.1, 10.2, 8.7 [6] - Stanley Black & Decker: 19.3, 16, 12.8 [6] - Owens Corning: 9.3, 10.1, 9.1 [6] Company-Specific Insights - **Whirlpool**: - Market cap of $5.6 billion with $6.6 billion in net debt, planning to pay down $700 million of debt this year [7]. - Expected to generate $500 million to $600 million in free cash in 2025, with potential cash from reducing its stake in Whirlpool India [8]. - **Stanley Black & Decker**: - Successfully met key guidance metrics last year, focusing on cost-cutting and supply chain reorganization [9]. - Concerns include a high inventory-to-sales ratio and potential tariff impacts [10]. - **Owens Corning**: - Recently acquired Masonite for $3.9 billion, enhancing its position in the residential housing market [11]. - Generated $1.2 billion in free cash flow in a weak market, with an adjusted EBITDA margin of 25% [12][13]. Investment Outlook - Whirlpool is seen as a high-risk, high-reward investment [14]. - Stanley Black & Decker is on a recovery path but faces uncertainties regarding tariffs and inventory [14]. - Owens Corning is viewed as the best positioned for risk/reward, especially for those anticipating a housing market recovery [14].

Owens Corning (OC) closed the most recent trading day at $154.04, moving +1.3% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 1.59%. Meanwhile, the Dow experienced a rise of 1.39%, and the technology-dominated Nasdaq saw an increase of 1.63%.The construction materials company's stock has dropped by 20.31% in the past month, falling short of the Construction sector's loss of 9.68% and the S&P 500's loss of 2.42%.The upcoming earnings release of Owens Corning ...

Group 1 - The article highlights Owens Corning (NYSE: OC) as a stable investment following its acquisition of Masonite, emphasizing the company's transformation and strategic focus on ESG, insulation, and energy transition [1] - The investment group "Value In Corporate Events" provides members with opportunities to capitalize on significant corporate events such as IPOs, mergers & acquisitions, and earnings reports, covering around 10 major events monthly [1]

Owens Corning (OC) reported impressive results for fourth-quarter 2024, wherein earnings and net sales surpassed the Zacks Consensus Estimate, given the success of its strategic initiatives and structural improvements, leading to strong cash flow and higher margins despite challenging market conditions. This marks the eighth consecutive earnings beat for the company.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The company successfully executed strategic initiatives, including acqui ...

Financial Data and Key Metrics Changes - In Q4 2024, Owens Corning reported revenue of $2.8 billion, up 23% year-over-year, with an adjusted EBIT margin of 15% and an adjusted EBITDA margin of 22% [15][16] - For the full year 2024, revenues reached $11 billion, a 13% increase, with adjusted EBIT of $2 billion and adjusted EBITDA of $2.7 billion [16][34] - Adjusted earnings per diluted share for Q4 were $3.22, consistent with the prior year, while full-year adjusted earnings per diluted share increased by 10% to $15.91 [34][36] - Free cash flow for the year was $1.2 billion, an increase of over $50 million from the prior year, with a free cash conversion rate of 89% of adjusted earnings [36][38] Business Line Data and Key Metrics Changes - The roofing business generated Q4 sales of $912 million, slightly down from the prior year, with EBIT of $280 million and EBIT margins of 31% [40][42] - Insulation business revenues for Q4 were $926 million, in line with the prior year, with EBIT of $155 million and EBIT margins of 17% [47][48] - The Doors business reported Q4 revenue of $564 million, with EBIT of $29 million and an EBIT margin of 5% [50][51] - The composites business had Q4 sales of $515 million, with EBIT of $47 million, reflecting a year-over-year increase [58][59] Market Data and Key Metrics Changes - The US asphalt shingle market volume increased by 1% year-over-year, with strong demand in Florida, the Southwest, and Southeast [41] - The insulation business experienced demand headwinds outside the US, particularly in Europe and Asia, impacting overall revenue [49][135] - The overall market conditions in Europe are expected to remain challenging but stable, similar to the second half of 2024 [68] Company Strategy and Development Direction - Owens Corning executed three major strategic moves in 2024: the acquisition of Masonite, the sale of its building materials business in Asia, and the sale of its glass reinforcements business [12][22] - The company is focusing on expanding its capacity in profitable product lines and modernizing manufacturing facilities to strengthen market positions [24][27] - The strategic review of the glass reinforcements business concluded with an agreement to sell it to Pranic Group, allowing Owens Corning to focus on residential and commercial building products [55][56] Management's Comments on Operating Environment and Future Outlook - Management expects mixed opportunities in residential and commercial end markets as 2025 begins, with stable demand for non-discretionary repair activity in roofing [67][68] - The company anticipates Q1 2025 revenue growth of mid-20% compared to the prior year, with EBITDA expected to deliver low 20% growth [69] - Management highlighted the importance of disciplined capital allocation and maintaining an investment-grade balance sheet while pursuing growth [78] Other Important Information - Owens Corning returned 51% of free cash flow to shareholders in 2024, marking the eleventh consecutive year of increasing dividends [17][36] - The company plans to host an investor day in May 2025 to discuss its strategy and financial goals [79] Q&A Session Summary Question: Potential tariff impacts and mitigation strategies - Management indicated that tariff exposure is about 5% or less of total costs, with a significant portion being local production for local customers [88][90] Question: Pricing trends in residential markets - Management noted good pricing trends in core residential insulation and roofing businesses, with expectations for continued positive price realization [95][100] Question: Revenue contribution from new segments - Management expects revenue from new segments to be consistent across the year, with some seasonality in nonwoven products [106] Question: Capacity coming online in roofing - Management anticipates a positive mix shift towards laminate shingles, which should enhance margins [114][116] Question: Impact of new roofing capacity on industry margins - Management believes that the addition of new capacity will allow for better service to customer demand without negatively impacting margins [128][129] Question: Utilization rates across technical footprint - Management reported healthy utilization rates in North America, with challenges primarily in international markets [135]