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 ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium also includes the Zacks Style Scores.What a ...

Owens Corning (OC) reported impressive results for third-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 seventh consecutive earnings beat for the company.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Owens Corning's shares gained 1.14% in the day trading session yesterd ...

Owens Corning (OC) 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 determi ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________ FORM 10-Q ______________________________________ ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 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 __________________________________ ...