Owens Corning expected to post earnings of $2.90 a share - Earnings Preview

Owens Corning

21/02/2025 14:11

* Owens Corning  OC.N   OC  is expected to show a rise in
quarterly revenue when it reports  results on February 24 for
the period ending December 31 2024
    * The Toledo Ohio-based  company is expected to report a
20.3% increase in revenue to $2.772 billion from $2.3 billion a
year ago, according to the mean estimate from 16 analysts, based
on LSEG data.The company's guidance on November 6 2024, for the
period ended December 31, was for revenue of $20.000
million. (Sales/Revenue Majority Basis is on Net Sales)
    * ​LSEG's mean analyst estimate for Owens Corning is for
earnings
of $2.90 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 8
"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
$209.50​, above​ its last closing price of $172.10. ​​​

The company's guidance on November 6 2024 for the period ended
December 31 was for Earnings before Interest and Taxes between
USD387.072 million and USD442.368 million.The company's guidance
on November 6 2024 for the period ended December 31 was for
Earnings before Interest, Taxes, Depreciation and Amortization
of of USD552.96 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 2024  4.10        4.05       4.38      Beat    8.1
 Jun. 30 2024  4.33        4.33       4.64      Beat    7.3
 Mar. 31 2024  3.09        3.08       3.59      Beat    16.6​
 Dec. 31 2023  2.88        2.86       3.21      Beat    12.4
 ​​Sep.        3.90        3.82       4.15      Beat    8.5
 30 2023                                                
 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
 This summary was machine generated February 21 at 14:11 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)