Owens Corning expected to post earnings of $3.21 a share - Earnings Preview

Owens Corning

24/07/2023 19:34

* Owens Corning  OC.N   OC  is expected to show a fall in
quarterly revenue when it reports  results on July 26. 
    * The Toledo Ohio-based  company is expected to report  a
2.4% decrease in revenue to $2.537 billion from $2.6 billion a
year ago, according to the mean estimate from 14 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Owens Corning is
for
earnings of $3.21 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 9
"hold" and 2 "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
$135​, above​ its last closing price of $130.32. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  2.22        2.22       2.77      Beat    24.9
 Dec. 31 2023  2.36        2.36       2.49      Beat    5.4
 Sep. 30 2022  3.21        3.19       3.57      Beat    11.8​
 Jun. 30 2022  3.35        3.33       3.83      Beat    14.9
 ​​Mar.        2.43        2.43       2.84      Beat    16.7
 31 2022                                                
 Dec. 31 2021  1.93        1.91       2.20      Beat    15​
 Sep. 30 2021  2.43        2.46       2.52      Beat    2.4
 Jun. 30 2021  2.15        2.14       2.60      Beat    21.7
 This summary was machine generated July 24 at 18:34 GMT.  All
figures in US dollars  unless otherwise stated