O-I Glass, Inc. (OI) Hits Fresh High: Is There Still Room to Run?

Core Viewpoint - O-I Glass has shown strong stock performance, reaching a 52-week high, with a year-to-date gain of 2.8% compared to the broader industrial sector's 8.2% and the glass products industry's decline of 6.1% [1] Financial Performance - The company has consistently exceeded earnings expectations, reporting an EPS of $0.48 against a consensus estimate of $0.44 in its latest earnings report [2] - For the current fiscal year, O-I Glass is projected to earn $1.92 per share on revenues of $6.41 billion, with a year-over-year earnings growth of 20.16%. For the next fiscal year, earnings are expected to rise to $2.35 per share on revenues of $6.53 billion, reflecting a growth of 1.89% [3] Valuation Metrics - O-I Glass trades at a valuation of 7.9 times the current fiscal year EPS estimates, below the peer industry average of 8.4 times. On a trailing cash flow basis, it trades at 3.8 times compared to the peer group's average of 5.6 times. The stock has a PEG ratio of 0.18, indicating strong value potential [7] - The company holds a Value Score of A, with Growth and Momentum Scores of B, resulting in a combined VGM Score of A, making it appealing for value investors [6] Zacks Rank - O-I Glass has a Zacks Rank of 1 (Strong Buy), driven by rising earnings estimates. This rank, combined with its favorable Style Scores, suggests that the stock may have further upside potential in the near term [8]