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

Owens Corning

26/07/2023 14:33

* Owens Corning  OC.N  reported quarterly adjusted earnings
of
$4.22​​ per share for the quarter ended in June. The mean
expectation of eighteen analysts for the quarter was
for earnings of $3.23 per share.
    * Revenue fell 1.5% to $2.56 billion from a year ago;
analysts
expected $2.54 billion. 
    * Owens Corning's reported EPS for the quarter was $3.78​.
    * The mean earnings estimate of analysts had risen by
about 10.3%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Owens Corning shares had risen by 0.2% this quarter and
gained 53.3% so far this year.
    * The company reported quarterly net income of $345 million.
    * Wall Street's median 12-month price target for Owens
Corning is
$135.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data July
26 at 01:33 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      3.23           4.22           Beat
 Mar. 31 2023      2.22           2.77           Beat
 Dec. 31 2022      2.36           2.49           Beat
 Sep. 30 2022      3.19           3.57           Beat