Owens Corning (OC) closed at $145.90 in the latest trading session, marking a +1.01% move from the prior day. This move outpaced the S&P 500's daily gain of 0.4%. Elsewhere, the Dow gained 0.47%, while the tech-heavy Nasdaq added 0.24%.
The construction materials company's shares have seen an increase of 5.25% over the last month, not keeping up with the Construction sector's gain of 6.97% and outstripping the S&P 500's gain of 4.61%.
The investment community will be paying close attention to the earnings performance of Owens Corning in its upcoming release. The company is slated to reveal its earnings on August 6, 2025. The company is expected to report EPS of $3.8, down 18.1% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $2.7 billion, indicating a 3.03% downward movement from the same quarter last year.
OC's full-year Zacks Consensus Estimates are calling for earnings of $13.24 per share and revenue of $10.38 billion. These results would represent year-over-year changes of -16.78% and -5.46%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Owens Corning. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Owens Corning presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Owens Corning is currently trading at a Forward P/E ratio of 10.91. Its industry sports an average Forward P/E of 18.91, so one might conclude that Owens Corning is trading at a discount comparatively.
One should further note that OC currently holds a PEG ratio of 3.81. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Building Products - Miscellaneous was holding an average PEG ratio of 2.1 at yesterday's closing price.
The Building Products - Miscellaneous industry is part of the Construction sector. This industry, currently bearing a Zacks Industry Rank of 99, finds itself in the top 41% echelons of all 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.
To follow OC in the coming trading sessions, be sure to utilize Zacks.com.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Owens Corning Inc (OC): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
