Owens Corning reports results for the quarter ended December 31 - Earnings Summary

Owens Corning

24/02/2025 14:31

* Owens Corning  OC.N  reported quarterly adjusted earnings
of
$3.22​​ per share for the quarter ended December 31, higher than
the same quarter last year, when the company reported EPS of
$3.21.  The mean expectation of seventeen analysts for the
quarter was for earnings of $2.90 per share. Wall Street
expected results to range from $2.39  to $3.18 per share.
    * Revenue rose 23.3% to $2.84 billion from a year ago;
analysts
expected $2.77 billion. 
    * Owens Corning's reported EPS for the quarter was a loss of
$2.97​.
    * The company reported a quarterly loss of $258 million.
    * Owens Corning shares had fallen by 2.9% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.2%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the construction
supplies & fixtures peer group is also "buy"

Wall Street's median 12-month price target for Owens Corning is
$209.50 
This summary was machine generated from LSEG data February 24 at
02:30 p.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
 Dec. 31 2024      2.90           3.22           Beat
 Sep. 30 2024      4.05           4.38           Beat
 Jun. 30 2024      4.33           4.64           Beat
 Mar. 31 2024      3.08           3.59           Beat