O-I Glass Inc reports results for the quarter ended in June - Earnings Summary

O-I Glass

02/08/2023 01:51

* O-I Glass Inc  OI.N  reported quarterly adjusted earnings
of 88
cents​​ per share for the quarter ended in June. The mean
expectation of ten analysts for the quarter was for earnings of
84 cents per share.
    * Revenue rose 6.3% to $1.89 billion from a year ago;
analysts
expected $1.84 billion. 
    * O-I Glass Inc's reported EPS for the quarter was 69
cents​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * O-I Glass Inc shares had risen by 7.6% this quarter and
gained 38.6% so far this year.
    * The company reported quarterly net income of $110 million.
    * Wall Street's median 12-month price target for O-I Glass
Inc is
$28.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 2 at 12:50 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.84           0.88           Beat
 Mar. 31 2023      0.85           1.29           Beat
 Dec. 31 2022      0.32           0.38           Beat
 Sep. 30 2022      0.60           0.63           Beat