In the latest close session, Owens Corning (OC) was down 1.26% at $144.44. The stock's change was less than the S&P 500's daily gain of 0.07%. At the same time, the Dow lost 0.7%, and the tech-heavy Nasdaq gained 0.18%.
Shares of the construction materials company witnessed a gain of 7.53% over the previous month, trailing the performance of the Construction sector with its gain of 8.29%, and outperforming the S&P 500's gain of 5.71%.
Market participants will be closely following the financial results of Owens Corning in its upcoming release. The company plans to announce its earnings on August 6, 2025. The company is forecasted to report an EPS of $3.8, showcasing a 18.1% downward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $2.7 billion, down 3.03% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $13.24 per share and a revenue of $10.38 billion, signifying shifts of -16.78% and -5.46%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Owens Corning. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Owens Corning is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Owens Corning is currently trading at a Forward P/E ratio of 11.05. This denotes a discount relative to the industry average Forward P/E of 18.95.
It is also worth noting that OC currently has a PEG ratio of 3.86. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Building Products - Miscellaneous industry currently had an average PEG ratio of 1.96 as of yesterday's close.
The Building Products - Miscellaneous industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 156, placing it within the bottom 37% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Owens Corning Inc (OC): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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