O-I Glass Inc expected to post earnings of 44 cents a share - Earnings Preview

O-I Glass

26/07/2024 23:37

* O-I Glass Inc  OI.N   OI  is expected to show a fall in
quarterly revenue when it reports  results on July 30 for the
period ending June 30 2024
    * The Perrysburg Ohio-based  company is expected to report a
5.6% decrease in revenue to $1.784 billion from $1.89 billion a
year ago, according to the mean estimate from 8 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for O-I Glass Inc is for
earnings
of 44 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 5
"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
$17.00​, above​ its last closing price of $11.56. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.39        0.39       0.45      Beat    16.4
 Dec. 31 2024  0.03        0.03       0.12      Beat    285.7
 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.        0.88        0.85       1.29      Beat    51.1
 31 2023                                                
 Dec. 31 2022  0.32        0.32       0.38      Beat    20​
 Sep. 30 2022  0.61        0.60       0.63      Beat    5
 Jun. 30 2022  0.67        0.65       0.73      Beat    12.8
 This summary was machine generated July 26 at 22:37 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)