Is Trending Stock Owens Corning Inc (OC) a Buy Now?

Core Viewpoint - Owens Corning (OC) has been a highly searched stock recently, indicating potential interest and volatility in its performance [1] Group 1: Stock Performance - Shares of Owens Corning have returned +8.8% over the past month, outperforming the Zacks S&P 500 composite's +5.4% and the Zacks Building Products - Miscellaneous industry's +9.1% [2] - The key question remains regarding the stock's direction in the near term, influenced by both media reports and fundamental factors [2] Group 2: Earnings Estimates - Owens Corning is expected to post earnings of $4.01 per share for the current quarter, reflecting a year-over-year decline of -3.4% [5] - The consensus earnings estimate for the current fiscal year is $15.39, indicating a year-over-year increase of +6.7% [5] - For the next fiscal year, the consensus estimate is $16.04, suggesting a growth of +4.3% compared to the previous year [6] Group 3: Revenue Growth - The consensus sales estimate for the current quarter is $3.04 billion, representing a year-over-year increase of +22.7% [9] - Estimated revenues for the current and next fiscal years are $10.97 billion and $11.89 billion, indicating changes of +13.4% and +8.4%, respectively [9] Group 4: Recent Results and Surprises - In the last reported quarter, Owens Corning achieved revenues of $2.79 billion, a year-over-year increase of +8.8%, with an EPS of $4.64 compared to $4.22 a year ago [10] - The reported revenues were -2.95% below the Zacks Consensus Estimate, while the EPS exceeded estimates by +6.18% [11] - The company has consistently beaten consensus EPS estimates over the last four quarters and has topped revenue estimates twice [11] Group 5: Valuation - Owens Corning is graded B in the Zacks Value Style Score, indicating it is trading at a discount compared to its peers [15] - Valuation multiples such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF) are essential for assessing whether the stock is overvalued, fairly valued, or undervalued [13][14] Group 6: Overall Outlook - The Zacks Rank 3 (Hold) suggests that Owens Corning may perform in line with the broader market in the near term [7][16]