Owens-Illinois OI is set to give its latest quarterly earnings report on Monday, 2021-10-25. Here's what investors need to know before the announcement.
Analysts estimate that Owens-Illinois will likely report an Earnings Per Share (EPS) of $0.52
Owens-Illinois bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Past Earnings Performance
Last quarter the company beat on EPS by 14.89%, which was followed by a 4.1% drop in the share price the next day.
Here's a look at Owens-Illinois's past performance and the resulting price change:
| Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.47 | 0.30 | 0.34 | 0.28 |
| EPS Actual | 0.54 | 0.35 | 0.40 | 0.41 |
| Price Change % | -4.1% | 4.25% | -2.15% | -2.11% |
Stock Performance
Shares of Owens-Illinois were trading at $14.7 as of October 21. Over the last 52-week period, shares are up 41.52%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
If you want to track all upcoming earnings announcements, check out our Earnings Calendar here
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