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

Owens Corning

15/02/2023 14:30

* Owens Corning  OC.N  reported quarterly adjusted earnings
of
$2.49​​ per share for the quarter ended in December. The mean
expectation of eighteen analysts for the quarter was
for earnings of $2.36 per share.
    * Revenue rose 7.2% to $2.29 billion from a year ago;
analysts
expected $2.25 billion. 
    * Owens Corning's reported EPS for the quarter was $1.32​.
    * The mean earnings estimate of analysts had fallen by
about 2.2%
in the last three months.​ 
    * In the last 30 days five analysts negatively revised
earnings
estimates 
    * Owens Corning shares had risen by 21.2% this quarter.
    * The company reported quarterly net income of $124 million.
    * Wall Street's median 12-month price target for Owens
Corning is
$99.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 10
"hold" and 2 "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
15 at 02:30 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      2.36           2.49           Beat
 Sep. 30 2022      3.19           3.57           Beat
 Jun. 30 2022      3.33           3.83           Beat
 Mar. 31 2022      2.43           2.84           Beat