O-I Glass, Inc. (OI) reported a third-quarter 2024 adjusted loss per share (EPS) of 4 cents, which missed the Zacks Consensus Estimate of earnings of 3 cents. The company posted earnings of 80 cents in the year-ago quarter. The downside was led by significant production curtailment due to sluggish demand.Including one-time items, O-I Glass reported a loss per share of 52 cents for the quarter against earnings per share (EPS) of 32 cents in the prior-year quarter.Find the latest EPS estimates and surprises o ...

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O-I Glass (OI) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of $0.03. This compares to earnings of $0.80 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -233.33%. A quarter ago, it was expected that this glass container manufacturer would post earnings of $0.42 per share when it actually produced earnings of $0.44, delivering a surprise of 4.76%. Over the last four quarters, the compan ...

PERRYSBURG, Ohio, Oct. 29, 2024 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE Rapidly Implementing Fit To Win Priorities to Drive Improved Performance in 2025 and Beyond Business Returned to Modest Sales Volume Growth, Despite Sluggish Market Conditions Updating 2024 Business Outlook Amid Continued Muted Demand and Consumer Uncertainty O-I Glass, Inc. ("O-I") (NYSE: OI) today reported financial results for the third quarter ended September 30, 2024. | --- | --- | --- | --- | --- | |------------|---------------- ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors rely on traditional forms of ...

PERRYSBURG, Ohio , Oct. 02, 2024 (GLOBE NEWSWIRE) -- O-I Glass, Inc. (NYSE: OI) has scheduled its third quarter 2024 conference call and webcast for Wednesday, October 30, 2024, at 8 a.m. EDT. The Company's news release for the third quarter 2024 earnings will be issued after the market closes on Tuesday, October 29. What: O-I Conference Call and Webcast Earnings presentation materials will also be posted on the O-I website, www.o-i.com/investors, when the earnings news release is issued. When: Wednesday, O ...

Core Viewpoint - O-I Glass reported a significant decline in earnings and revenues for Q2 2024, leading to a lowered outlook for the remainder of the year, reflecting weak demand and operational challenges [2][8]. Financial Performance - Adjusted EPS for Q2 2024 was 44 cents, beating the Zacks Consensus Estimate of 42 cents, but down 50% year-over-year [2] - Revenues for the quarter were $1.73 billion, an 8.5% decrease from the previous year, missing the Zacks Consensus Estimate of $1.75 billion [3] - The cost of sales decreased by 3.3% year-over-year to $1.43 billion, while gross profit fell 27.2% to $303 million, resulting in a gross margin of 17.5% compared to 22% in the prior year [4] Segment Performance - In the Americas segment, net sales dropped 9.7% year-over-year to $899 million, with operating profit down 15.9% to $106 million [5] - The Europe segment reported net sales of $802 million, a 7.1% decline year-over-year, with operating profit falling 36.5% to $127 million [6] Cash Flow and Debt - Cash and cash equivalents decreased to $671 million as of June 30, 2024, down from $913 million at the end of 2023 [7] - Operating cash flow for the quarter was $250 million, compared to $291 million in the prior year, while long-term debt was reduced to $4.65 billion [7] Outlook - O-I Glass has lowered its 2024 adjusted earnings projection to $1.00-$1.25 per share from $1.50-$2.00, citing weak demand and planned production cuts [8] - Sales volume is expected to remain flat or decline in the low-single digits, with free cash flow projections reduced to $50-$100 million [8] Estimate Trends - Consensus estimates have trended downward, with a significant shift of -93.08% noted in the past month [9] - The stock currently holds a Zacks Rank 4 (Sell), indicating expectations of below-average returns in the coming months [11] VGM Scores - O-I Glass has a Growth Score of B, a Momentum Score of F, and a Value Score of A, placing it in the top 20% for value investment strategy [10]

O-I Glass, Inc. (OI) reported second-quarter 2024 adjusted earnings per share (EPS) of 44 cents, which beat the Zacks Consensus Estimate of 42 cents. On a year-over-year basis, earnings fell 50%, reflecting lower demand. Including one-time items, O-I Glass reported an EPS of 36 cents for the quarter compared with 69 cents in the prior-year quarter. Operational Update Revenues were $1.73 billion for the quarter under review, down 8.5% from the year-ago quarter mainly due to lower average selling prices, unfa ...

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Over the last four quarters, the company has surpassed consensus EPS estimates four times. O-I Glass shares have lost about 30.1% since the beginning of the year versus the S&P 500's gain of 14.5%. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research sho ...