Owens Corning expected to post earnings of $2.86 a share - Earnings Preview
12/02/2024 13:53
* Owens Corning OC.N OC is expected to show a fall in
quarterly revenue when it reports results on February 14 for
the period ending December 31 2023
* The Toledo Ohio-based company is expected to report a
1.7% decrease in revenue to $2.246 billion from $2.29 billion a
year ago, according to the mean estimate from 16 analysts, based
on LSEG data.The company's guidance on October 25 2023, for the
period ended December 31, was for revenue between $2.24 billion
and $2.29 billion. (Sales/Revenue Majority Basis is on Net
Sales)
* LSEG's mean analyst estimate for Owens Corning is for
earnings
of $2.86 per share.
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 10
"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 Owens
Corning is
$163.00, above its last closing price of $148.21.
The company's guidance on October 25 2023 for the period ended
December 31 was for Earnings before Interest and Taxes between
USD313.502 million and USD365.6 million.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Sep. 30 2023 3.90 3.82 4.15 Beat 8.5
Jun. 30 2023 3.38 3.23 4.22 Beat 30.7
Mar. 31 2023 2.22 2.22 2.77 Beat 24.9
Dec. 31 2022 2.36 2.36 2.49 Beat 5.4
Sep. 3.21 3.19 3.57 Beat 11.8
30 2022
Jun. 30 2022 3.35 3.33 3.83 Beat 14.9
Mar. 31 2022 2.43 2.43 2.84 Beat 16.7
Dec. 31 2021 1.93 1.91 2.20 Beat 15
This summary was machine generated February 12 at 13:53 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)