O-I Glass Inc reports results for the quarter ended in September 30 - Earnings Summary

O-I Glass

30/10/2024 02:54

* O-I Glass Inc  OI.N  reported quarterly adjusted earnings
of 4
cents​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of 80
cents.  The mean expectation of nine analysts for the quarter
was for earnings of 4 cents per share. Wall Street expected
results to range from zero cents to 13 cents per share.
    * Revenue fell 3.7% to $1.68 billion from a year ago;
analysts
expected $1.76 billion. 
    * O-I Glass Inc's reported EPS for the quarter was a loss
of 52
cents​.
    * The company reported a quarterly loss of $80 million.
    * O-I Glass Inc shares had fallen by 2.9% this quarter and
lost 22.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 84.7%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the non-paper
containers & packaging peer group is also "buy"

Wall Street's median 12-month price target for O-I Glass Inc is
$16.00 
This summary was machine generated from LSEG data October 30 at
02:53 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.04           0.04           Met
 Jun. 30 2024      0.43           0.44           Beat
 Mar. 31 2024      0.39           0.45           Beat
 Dec. 31 2023      0.03           0.12           Beat