Owens Corning (OC) came out with quarterly earnings of $4.64 per share, beating the Zacks Consensus Estimate of $4.37 per share. This compares to earnings of $4.22 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 6.18%. A quarter ago, it was expected that this construction materials company would post earnings of $3.04 per share when it actually produced earnings of $3.59, delivering a surprise of 18.09%. Over the last four qu ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-33100 Owens Corning (Exact name of registrant as specified in its charter) Delaware 43-2109021 (State or other j ...

Analysts on Wall Street project that Owens Corning (OC) will announce quarterly earnings of $4.37 per share in its forthcoming report, representing an increase of 3.6% year over year. Revenues are projected to reach $2.87 billion, increasing 12.1% from the same quarter last year. Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.5% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this pe ...

The construction materials company's shares have seen an increase of 3.67% over the last month, not keeping up with the Construction sector's gain of 10.96% and outstripping the S&P 500's loss of 0.21%. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $15.63 per share and a revenue of $11.21 billion, indicating changes of +8.39% and +15.84%, respectively, from the former year. Our research suggests that these changes in estimates have a direct relationship with upcoming ...

The most recent trading session ended with Owens Corning (OC) standing at $174.39, reflecting a +0.77% shift from the previouse trading day's closing. This move outpaced the S&P 500's daily loss of 0.78%. Elsewhere, the Dow lost 1.29%, while the tech-heavy Nasdaq lost 0.7%. For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $15.44 per share and a revenue of $11.23 billion, representing changes of +7.07% and +16.03%, respectively, from the prior year. The Zacks Rank system, ...

Owens Corning's (OC) focus on improving manufacturing efficiencies, ongoing product innovation, effective pricing strategies as well as reducing costs has been driving growth. Also, its focus on higher-value applications centering around building, construction, renewable energy and infrastructure markets bodes well. Moreover, targeted acquisitions are reinforcing its market position and contributing to its overall success. Image Source: Zacks Investment Research The growth prospect of this current Zacks Ran ...

Prior to today's trading, shares of the construction materials company had lost 2.24% over the past month. This has was narrower than the Construction sector's loss of 4.68% and lagged the S&P 500's gain of 3.22% in that time. For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $15.48 per share and a revenue of $11.23 billion, representing changes of +7.35% and +16.03%, respectively, from the prior year. Our research demonstrates that these adjustments in estimates directly ...

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However, rates won't stay where they are forever and, historically, more accommodative interest rate environments have led to recoveries in the housing market. I share these opinions, and believe that the core difference between the two investment propositions is that Owens Corning is a company operating well within its end markets. However, there are still question marks around Stanley Black & Decker. Unfortunately, there are two matters of concern. First, while the company is reducing inventory, its sales ...

Earnings and Revenue Projections - Analysts expect earnings of $15 48 per share and revenue of $11 23 billion for the full year, representing year-over-year increases of +7 35% and +16 03% respectively [1] - For the upcoming quarter, earnings per share (EPS) are projected at $4 31, a 2 13% increase from the same quarter last year, with quarterly revenue expected to be $2 87 billion, up 12 13% year-over-year [6] Valuation Metrics - The company currently has a Forward P/E ratio of 11 6, which is a discount compared to the industry average Forward P/E of 19 13 [4] - The PEG ratio stands at 5 34, significantly higher than the industry average PEG ratio of 1 74 [8] Stock Performance - The stock ended the recent trading session at $176 56, showing a -1 65% change from the previous day's close [10] - Over the past month, the stock gained 2 8%, outperforming the Construction sector's loss of 0 27% but lagging behind the S&P 500's gain of 4 59% [10] Industry and Sector Context - The Building Products - Miscellaneous industry, part of the Construction sector, holds a Zacks Industry Rank of 35, placing it in the top 14% of all 250+ industries [5] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [5] Analyst Sentiment and Revisions - Recent upward revisions in analyst estimates reflect a favorable outlook on the company's business health and profitability [2] - The Zacks Consensus EPS estimate has risen by 0 72% over the past month, and the company currently holds a Zacks Rank of 1 (Strong Buy) [3] Market Correlation - Research shows that changes in analyst estimates are directly correlated with near-term stock prices, forming the basis of the Zacks Rank system [7]