Core Insights - Owens Corning (OC) is expected to report quarterly earnings of $2.87 per share, reflecting a decline of 10.6% year-over-year, while revenues are forecasted to reach $2.78 billion, indicating a 20.5% increase compared to the previous year [1] - Analysts have revised their consensus EPS estimate upward by 1.9% over the past 30 days, suggesting a collective reassessment of the company's performance [1][2] Financial Metrics - Estimated 'Net Sales- Insulation' is projected at $925.96 million, showing a year-over-year decline of 0.5% [4] - 'Net Sales- Roofing' is expected to be $894.86 million, reflecting a decrease of 3.6% from the prior-year quarter [4] - 'Net Sales- Composites' is anticipated to reach $505.30 million, indicating a year-over-year change of -1.7% [4] EBIT Projections - 'EBIT- Composites' is projected at $30.49 million, an increase from $26 million reported in the same quarter last year [5] - 'EBIT- Roofing' is expected to be $268.52 million, down from $284 million reported in the previous year [5] - 'EBIT- Insulation' is forecasted to reach $150.61 million, slightly up from $150 million reported in the same quarter last year [6] Market Performance - Owens Corning shares have returned -1.8% over the past month, contrasting with a +4.7% change in the Zacks S&P 500 composite [6] - The company holds a Zacks Rank 2 (Buy), indicating expectations to outperform the overall market in the near future [6]

Core Viewpoint - Owens Corning has sold its glass reinforcements business to Praana Group for $755 million, completing its strategic review and focusing on residential and commercial building products in North America and Europe [1][2][7] Group 1: Transaction Details - The divestiture streamlines Owens Corning's portfolio, enhancing capital efficiency and allowing resource reallocation to higher growth segments [2][5] - The glass reinforcements business generated approximately $1.1 billion in revenues in 2024 and operates in 18 locations across 12 countries [3] - The sale provides Praana Group with a global footprint in advanced materials, enhancing its expertise in composites for the industrial sector [3][6] Group 2: Strategic Implications for Owens Corning - Post-sale, Owens Corning retains key assets in its Composites segment, integrating them into Roofing and Insulation segments to align operations with core strengths [5] - The divestiture is expected to improve operational efficiency, drive profitability, and enhance cash generation, positioning the company for long-term growth [5][7] Group 3: Market Performance and Outlook - Owens Corning's shares have gained 10.3% over the past six months, outperforming the Zacks Building Products - Miscellaneous industry's 5% growth [8] - The Zacks Consensus Estimate for Owens Corning's 2025 earnings per share (EPS) has increased to $15.85, indicating a 2.3% year-over-year growth [9] - The company's trailing 12-month return on equity (ROE) stands at 25.8%, significantly higher than the industry's 14.8%, reflecting efficient use of shareholders' funds [9]

Core Viewpoint - Owens Corning is set to report its financial results on February 24, 2025, with expectations of a decrease in EPS but an increase in revenue compared to the previous year [2]. Group 1: Stock Performance - Owens Corning's stock closed at $178.28, reflecting a -1.03% change from the previous day, underperforming the S&P 500's gain of 0.03% [1]. - Over the past month, Owens Corning's shares have appreciated by 6.28%, outperforming the Construction sector's gain of 3.08% and the S&P 500's gain of 4.19% [1]. Group 2: Earnings Forecast - The forecast for Owens Corning's EPS is $2.87, indicating a 10.59% decrease from the same quarter last year [2]. - Revenue is expected to reach $2.78 billion, representing a 20.53% increase compared to the same quarter of the previous year [2]. Group 3: Analyst Estimates - Changes in analyst estimates for Owens Corning are crucial as they reflect the shifting dynamics of short-term business patterns, with positive revisions indicating analysts' confidence in the company's performance [3]. - The Zacks Consensus EPS estimate has seen a 0.59% increase over the last 30 days, and Owens Corning currently holds a Zacks Rank of 2 (Buy) [5]. Group 4: Valuation Metrics - Owens Corning has a Forward P/E ratio of 11.36, which is below the industry average of 17.81 [6]. - The company has a PEG ratio of 1.97, compared to the industry average PEG ratio of 1.78 [6]. Group 5: Industry Context - The Building Products - Miscellaneous industry, which includes Owens Corning, ranks in the bottom 45% of all industries according to the Zacks Industry Rank [7]. - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7].

Core Viewpoint - The article emphasizes the importance of value investing and highlights Owens Corning (OC) as a strong value stock based on various financial metrics [2][4][7] Group 1: Value Investing Strategy - Value investing is a popular strategy that relies on traditional analysis of key valuation metrics to identify undervalued stocks [2] - Zacks has developed a Style Scores system to identify stocks with specific traits, particularly in the "Value" category [3] Group 2: Owens Corning Financial Metrics - Owens Corning has a Zacks Rank of 2 (Buy) and an A for Value, indicating strong potential [4] - The current P/E ratio for OC is 11.54, significantly lower than the industry average of 17.41 [4] - OC's Forward P/E has fluctuated between 9.27 and 13.40 over the past 12 months, with a median of 10.95 [4] - The P/S ratio for OC is 1.49, compared to the industry's average of 1.82, suggesting it may be undervalued [5] - OC's P/CF ratio is 9.61, which is attractive compared to the industry's average of 15.87 [6] - Over the past 12 months, OC's P/CF has ranged from 6.94 to 11.02, with a median of 8.98 [6] Group 3: Investment Outlook - The financial metrics indicate that Owens Corning is likely undervalued, making it an attractive investment opportunity [7]

Core Viewpoint - Brokerage recommendations, particularly for Owens Corning (OC), suggest a favorable outlook, but investors should be cautious in relying solely on these ratings for investment decisions [2][4][9]. Brokerage Recommendations - Owens Corning has an average brokerage recommendation (ABR) of 1.87, indicating a position between Strong Buy and Buy, based on 15 brokerage firms [2]. - Out of the 15 recommendations, eight are Strong Buy and one is Buy, representing 53.3% and 6.7% of total recommendations respectively [2]. Limitations of Brokerage Recommendations - Studies indicate that brokerage recommendations often lack success in guiding investors towards stocks with significant price appreciation potential [4]. - Analysts from brokerage firms tend to exhibit a strong positive bias due to vested interests, issuing five "Strong Buy" recommendations for every "Strong Sell" [5][9]. Zacks Rank as an Alternative - The Zacks Rank, which classifies stocks from 1 (Strong Buy) to 5 (Strong Sell), is presented as a more reliable indicator of near-term price performance compared to ABR [7][8]. - The Zacks Rank is based on earnings estimate revisions, which have shown a strong correlation with stock price movements [10]. Current Earnings Estimates for Owens Corning - The Zacks Consensus Estimate for Owens Corning has increased by 0.6% over the past month to $15.49, reflecting analysts' growing optimism about the company's earnings prospects [12]. - The recent change in consensus estimates, along with other factors, has resulted in a Zacks Rank 2 (Buy) for Owens Corning, suggesting a positive outlook for the stock [13].

Owens Corning (OC) closed at $182.15 in the latest trading session, marking a +0.79% move from the prior day. This change outpaced the S&P 500's 0.39% gain on the day. Meanwhile, the Dow experienced a rise of 0.71%, and the technology-dominated Nasdaq saw an increase of 0.2%.The construction materials company's stock has climbed by 7.08% in the past month, exceeding the Construction sector's loss of 0.7% and the S&P 500's gain of 1.7%.Investors will be eagerly watching for the performance of Owens Corning i ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...

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?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Owens Corning (OC) .Owens Corning currently has an average brokerage recom ...

Owens Corning (OC) closed the most recent trading day at $182.68, moving +1.9% from the previous trading session. The stock's performance was ahead of the S&P 500's daily gain of 1%. Meanwhile, the Dow experienced a rise of 0.78%, and the technology-dominated Nasdaq saw an increase of 1.51%.Shares of the construction materials company have appreciated by 5.77% over the course of the past month, outperforming the Construction sector's loss of 3.14% and the S&P 500's loss of 2.14%.Analysts and investors alike ...

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.It also includes access to the Zacks Style Scores. What are the Zacks Style Scores? Developed ...