O-I Glass (OI) Q2 Earnings Top Estimates

Core Insights - O-I Glass reported quarterly earnings of $0.53 per share, exceeding the Zacks Consensus Estimate of $0.41 per share, and showing an increase from $0.44 per share a year ago, resulting in an earnings surprise of +29.27% [1] - The company generated revenues of $1.71 billion for the quarter ended June 2025, slightly missing the Zacks Consensus Estimate by 0.52%, and down from $1.73 billion year-over-year [2] - O-I Glass shares have appreciated approximately 32.8% year-to-date, significantly outperforming the S&P 500's gain of 8.6% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.48 on revenues of $1.67 billion, while for the current fiscal year, the estimate is $1.40 on revenues of $6.48 billion [7] - The estimate revisions trend for O-I Glass was favorable prior to the earnings release, leading to a Zacks Rank 1 (Strong Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Glass Products industry, to which O-I Glass belongs, is currently ranked in the top 1% of over 250 Zacks industries, suggesting a strong performance potential compared to lower-ranked industries [8]