Owens-Corning OC releases its next round of earnings Wednesday, Oct. 24. Here's Benzinga's essential guide to Owens-Corning's Q3 earnings report.
Earnings and Revenue
Based on Owens-Corning management projections, analysts predict EPS of $1.69 on revenue of $1.9 billion.
Owens-Corning reported a profit of $1.25 when it published results during the same quarter last year. Sales in that period totaled $1.7 billion. Sales would be have grown 11.57 percent from the same quarter last year. The company's reported EPS has stacked up against analyst estimates in the past like this:
Quarter | Q2 2018 | Q1 2018 | Q4 2017 | Q3 2017 |
EPS Estimate | 1.45 | 0.97 | 1.04 | 1.25 |
EPS Actual | 1.17 | 0.8 | 1.11 | 1.25 |
Stock Performance
Over the last 52-week period, shares are down 39.18 percent. Given that these returns are generally negative, long-term shareholders won't be happy going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.
Analysts have adjusted their estimates higher for EPS and revenues over the past 90 days. The average rating by analysts on Owens-Corning stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
Conference Call
Owens-Corning is scheduled to hold a conference call at 11:00 a.m. ET and it can be accessed here: https://services.choruscall.com/links/oc181024.html
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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