O-I Glass (OI) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release

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 compare to estimates impacting stock price [1][2]. Earnings Expectations - O-I Glass is expected to report quarterly earnings of $0.41 per share, reflecting a year-over-year decrease of 6.8% [3]. - Revenue projections stand at $1.71 billion, indicating a decline of 0.8% from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the past 30 days, suggesting stability in analyst expectations [4]. - A positive Earnings ESP of +0.82% indicates that analysts have recently become more optimistic about the company's earnings prospects [12]. Historical Performance - In the last reported quarter, O-I Glass exceeded expectations by delivering earnings of $0.40 per share against an estimate of $0.18, resulting in a surprise of +122.22% [13]. - Over the last four quarters, the company has beaten consensus EPS estimates three times [14]. Predictive Indicators - A positive Earnings ESP combined with a Zacks Rank of 1 suggests a high likelihood of beating the consensus EPS estimate [10][12]. - The predictive power of Earnings ESP is significant for positive readings, particularly when paired with a strong Zacks Rank [10].