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

O-I Glass

31/10/2023 23:10

* O-I Glass Inc  OI.N  reported quarterly adjusted earnings
of 80
cents​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of 63 cents.  The mean expectation of eight analysts for the
quarter was for earnings of 70 cents per share. Wall Street
expected results to range from 68 cents to 73 cents per share.
    * Revenue rose 3% to $1.74 billion from a year ago; analysts
expected $1.76 billion. 
    * O-I Glass Inc's reported EPS for the quarter was 32
cents​.
    * The company reported quarterly net income of $51 million.
    * O-I Glass Inc shares had fallen by 7.4% this quarter and
lost 6.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 9.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 2
"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
$26.50 
This summary was machine generated from LSEG data October 31 at
11:09 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.70           0.80           Beat
 Jun. 30 2023      0.84           0.88           Beat
 Mar. 31 2023      0.85           1.29           Beat
 Dec. 31 2022      0.32           0.38           Beat