O-I Glass(OI) ZACKS·2025-04-10 14:11Company Overview - O-I Glass shares increased by 9.5% to close at $10.53, following a significant trading volume, contrasting with a 15.9% loss over the past four weeks [1] - The stock's rise was influenced by U.S. President Trump's announcement of a 90-day pause on certain tariffs for most countries, excluding China [1] Strategic Initiatives - O-I Glass launched the "Fit to Win" initiative aimed at enhancing long-term competitiveness in the French glass market, which is currently facing challenges such as a slowdown in the wine industry, overcapacity, and strong competition [2] - The company is considering operational adjustments at several plants, which may include closures and resizing of administrative functions, potentially affecting 320 positions [2] - Despite these challenges, O-I Glass plans to invest in its French plants as part of its 2025 capital plan to strengthen its market position and promote glass usage [2] Financial Performance Expectations - The company is expected to report quarterly earnings of $0.18 per share, reflecting a year-over-year decline of 60%, with revenues projected at $1.53 billion, down 3.8% from the previous year [3] - The consensus EPS estimate for the quarter has been revised 2.7% higher over the last 30 days, indicating a positive trend in earnings estimate revisions, which typically correlates with stock price appreciation [4] Industry Context - O-I Glass is part of the Zacks Glass Products industry, where another company, Apogee Enterprises, saw its shares rise by 7.6% to $46.81, although it has returned -8% over the past month [4] - Apogee Enterprises' consensus EPS estimate for the upcoming report remains unchanged at $0.90, representing a year-over-year change of -21.1% [5]