Owens Corning (OC) Beats Stock Market Upswing: What Investors Need to Know

Company Performance - Owens Corning (OC) closed at $147.59, with a daily increase of +1.04%, outperforming the S&P 500's gain of 0.48% [1] - Over the last month, OC's shares decreased by 1.74%, underperforming the Construction sector's loss of 0.35% and the S&P 500's gain of 2.46% [1] Upcoming Financial Results - Analysts expect Owens Corning to report earnings of $3.82 per share, reflecting a year-over-year decline of 12.79% [2] - The consensus estimate for revenue is $2.72 billion, indicating a 10.59% decrease compared to the same quarter last year [2] Full-Year Estimates - Zacks Consensus Estimates project earnings of $13.84 per share and revenue of $10.48 billion for the full year, representing year-over-year changes of -13.01% and -4.54%, respectively [3] - Recent changes in analyst estimates suggest shifting business dynamics, with positive revisions indicating analyst optimism [3] Valuation Metrics - Owens Corning has a Forward P/E ratio of 10.55, which is below the industry average of 19.29 [6] - The company has a PEG ratio of 10.34, significantly higher than the industry average PEG ratio of 1.87 [6] Industry Context - The Building Products - Miscellaneous industry, part of the Construction sector, has a Zacks Industry Rank of 146, placing it in the bottom 41% of over 250 industries [7] - Research indicates that top-rated industries outperform the bottom half by a factor of 2 to 1 [7]