Reasons Why You Should Avoid Investing in O-I Glass (OI) Now

O-I Glass (OI) has failed to impress investors as it has been witnessing a decline in volumes for the last eight consecutive quarters. This decline in volumes is mainly due to inventory destocking actions, weak consumer demand in a few markets and elevated macroeconomic pressure. Downward Revision Activity in Estimates: Reflecting these headwinds, the Zacks Consensus Estimate for the company's 2024 earnings has been revised 11% downward in the past 30 days. The consensus estimate for the year is currently p ...