Analysts Estimate O-I Glass (OI) to Report a Decline in Earnings: What to Look Out for

Core Viewpoint - The market anticipates a year-over-year decline in earnings for O-I Glass due to lower revenues, with a focus on how actual results will compare to estimates [1][3]. Earnings Expectations - O-I Glass is expected to report a quarterly loss of $0.11 per share, reflecting a significant year-over-year decline of 191.7% [3]. - Projected revenues for the quarter are $1.61 billion, which is a decrease of 1.8% compared to the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating a stable outlook from covering analysts [4]. - The Most Accurate Estimate for O-I Glass is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -12.50%, suggesting a bearish sentiment among analysts [10]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive or negative reading can predict deviations from consensus estimates, but its predictive power is stronger for positive readings [7][8]. - O-I Glass currently holds a Zacks Rank of 3, complicating predictions of an earnings beat [11]. Historical Performance - In the last reported quarter, O-I Glass was expected to post earnings of $0.03 per share but instead reported a loss of $0.04, resulting in a surprise of -233.33% [12]. - Over the past four quarters, the company has beaten consensus EPS estimates three times [13]. Conclusion - O-I Glass does not appear to be a strong candidate for an earnings beat, and investors should consider other factors when evaluating the stock ahead of its earnings release [16].