Why Owens Corning (OC) is Poised to Beat Earnings Estimates Again

Core Viewpoint - Owens Corning (OC) is positioned well to potentially beat earnings estimates in its upcoming quarterly report, supported by a strong history of exceeding expectations [1]. Group 1: Earnings Performance - Owens Corning has a solid track record of surpassing earnings estimates, with an average surprise of 5.81% over the last two quarters [2]. - In the last reported quarter, the company achieved earnings of $3.67 per share, exceeding the Zacks Consensus Estimate of $3.64 per share by 0.82% [3]. - In the previous quarter, Owens Corning reported earnings of $4.21 per share against an expected $3.8 per share, resulting in a surprise of 10.79% [3]. Group 2: Earnings Estimates and Predictions - Recent changes in earnings estimates for Owens Corning have been favorable, with a positive Zacks Earnings ESP (Expected Surprise Prediction) indicating potential for an earnings beat [6]. - The current Earnings ESP for Owens Corning is +12.59%, reflecting increased analyst optimism regarding its near-term earnings potential [9]. - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have historically produced positive surprises nearly 70% of the time [7].