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

Owens Corning

24/04/2024 14:32

* Owens Corning  OC.N  reported quarterly adjusted earnings
of
$3.59​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of
$2.77.  The mean expectation of fifteen analysts for the quarter
was for earnings of $3.08 per share. Wall Street expected
results to range from $2.90  to $3.17 per share.
    * Revenue fell 1.3% to $2.30 billion from a year ago;
analysts
expected $2.28 billion. 
    * Owens Corning's reported EPS for the quarter was $3.40​.
    * The company reported quarterly net income of $299 million.
    * Owens Corning shares had risen by 0.5% this quarter and
gained 13.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 6.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 9
"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
$169.00 
This summary was machine generated from LSEG data April 24 at
01:32 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
 Mar. 31 2024      3.08           3.59           Beat
 Dec. 31 2023      2.86           3.21           Beat
 Sep. 30 2023      3.82           4.15           Beat
 Jun. 30 2023      3.23           4.22           Beat