Owens Corning (OC) Beats Q1 Earnings and Revenue Estimates

Core Viewpoint - Owens Corning reported quarterly earnings of $2.97 per share, exceeding the Zacks Consensus Estimate of $2.82 per share, but down from $3.59 per share a year ago, indicating a 17.3% year-over-year decline in earnings [1][2] Financial Performance - The company achieved revenues of $2.53 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 0.54% and showing a year-over-year increase from $2.3 billion [2] - Over the last four quarters, Owens Corning has consistently surpassed consensus EPS estimates four times and topped revenue estimates three times [2] Stock Performance and Outlook - Owens Corning shares have declined approximately 16.3% since the beginning of the year, compared to a 4.7% decline in the S&P 500 [3] - The current consensus EPS estimate for the upcoming quarter is $4.15 on revenues of $2.76 billion, and for the current fiscal year, it is $14.10 on revenues of $10.58 billion [7] Industry Context - The Building Products - Miscellaneous industry, to which Owens Corning belongs, is currently ranked in the bottom 44% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Owens Corning's stock performance [5][6]