Seeking Clues to Owens Corning (OC) Q1 Earnings? A Peek Into Wall Street Projections for Key Metrics

Core Viewpoint - Owens Corning (OC) is expected to report quarterly earnings of $2.82 per share, reflecting a 21.5% decline year-over-year, while revenues are forecasted to increase by 9.4% to $2.52 billion [1] Group 1: Earnings and Revenue Estimates - The consensus EPS estimate has been revised downward by 0.8% over the past 30 days, indicating a collective reassessment by analysts [1] - Analysts predict 'Net Sales- Insulation' at $927.69 million, showing a year-over-year increase of 2.6% [4] - The consensus estimate for 'Net Sales- Roofing' is $1.09 billion, reflecting a year-over-year change of 13.9% [4] Group 2: EBIT Estimates - Analysts expect 'EBIT- Insulation' to be $149.90 million, down from $161 million in the previous year [4] - 'EBIT- Roofing' is forecasted to reach $307.35 million, compared to $286 million reported in the same quarter last year [5] Group 3: Market Performance - Owens Corning shares have returned +6.1% over the past month, contrasting with a -0.5% change in the Zacks S&P 500 composite [5] - The company holds a Zacks Rank 4 (Sell), suggesting it may underperform the overall market in the near future [5]