O-I Glass Inc expected to post earnings of 3 cents a share - Earnings Preview

O-I Glass

02/02/2024 22:58

* O-I Glass Inc  OI.N   OI  is expected to show a fall in
quarterly revenue when it reports  results on February 6 for the
period ending December 31 2023
    * The Perrysburg Ohio-based  company is expected to report a
4.0% decrease in revenue to $1.626 billion from $1.69 billion a
year ago, according to the mean estimate from 8 analysts, based
on LSEG data. (SAL is on total revenue basis)
    * ​LSEG's mean analyst estimate for O-I Glass Inc is for
earnings
of 3 cents per share. The company's EPS guidance on October 31
2023, for the period ended December 31, was between $0.25 and
$0.35 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for O-I Glass
Inc is
$22.00​, above​ its last closing price of $15.00. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.70        0.70       0.80      Beat    14.7
 Jun. 30 2023  0.84        0.84       0.88      Beat    5.3
 Mar. 31 2023  0.88        0.85       1.29      Beat    51.1​
 Dec. 31 2022  0.32        0.32       0.38      Beat    20
 ​​Sep.        0.61        0.60       0.63      Beat    5
 30 2022                                                
 Jun. 30 2022  0.67        0.65       0.73      Beat    12.8​
 Mar. 31 2022  0.40        0.39       0.56      Beat    41.8
 Dec. 31 2021  0.33        0.33       0.36      Beat    10.2
 This summary was machine generated February 2 at 22:58 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)