Owens-Illinois Earnings Preview

Owens-Illinois OI releases its next round of earnings this Tuesday, August 03. Here is Benzinga's essential guide to Owens-Illinois's Q2 earnings report.

Net Income, Earnings, And Earnings Per Share

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

Owens-Illinois earnings will be near $0.47 per share on sales of $1.55 billion, according to analysts. In the same quarter last year, Owens-Illinois posted EPS of $0.01 on sales of $1.42 billion.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

The Wall Street estimate would represent a 4600.0% increase in the company's earnings. Sales would be up 9.31% from the year-ago period. Here is how the company's EPS has stacked up against analyst estimates in the past:

Want Real-Time Earnings Calendar Updates?

Benzinga consistently updates its earnings calendars to stay up-to-date with the latest company earnings reports. Check out the full earnings calendar list updated in real-time by following this link.

Stock Performance

Over the last 52-week period, shares of Owens-Illinois are up 43.21%.

Do not be surprised to see the stock move on comments made during its conference call. Owens-Illinois is scheduled to hold the call at 08:00:00 ET and can be accessed here.