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

O-I Glass

25/04/2023 22:01

* O-I Glass Inc  OI.N  reported quarterly adjusted earnings
of
$1.29​​ per share for the quarter ended in March. The mean
expectation of ten analysts for the quarter was for earnings of
85 cents per share.
    * Revenue rose 8.2% to $1.83 billion from a year ago;
analysts
expected $1.77 billion. 
    * O-I Glass Inc's reported EPS for the quarter was $1.29​.
    * The mean earnings estimate of analysts had risen by
about 61.2%
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 fallen by 5.7% this quarter and
gained 29.3% so far this year.
    * The company reported quarterly net income of $206 million.
    * Wall Street's median 12-month price target for O-I Glass
Inc is
$26.50 
    * 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
April 25 at 09:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.85           1.29           Beat
 Dec. 31 2022      0.32           0.38           Beat
 Sep. 30 2022      0.60           0.63           Beat
 Jun. 30 2022      0.65           0.73           Beat