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Owens ning(OC) - 2024 Q3 - Quarterly Results
2024-11-06 11:01
Exhibit 99.1 ($ in millions, except per share amounts) Third-Quarter Nine Months NEWS RELEASE Owens Corning Delivers Net Sales of $3.0 Billion; Generates Net Earnings of $321 Million and Adjusted EBIT of $582 Million TOLEDO, Ohio – November 6, 2024 – Owens Corning (NYSE: OC), a residential and commercial building products leader, today reported third-quarter 2024 results. • Reported Net Sales of $3.0 Billion, a 23% Increase from Prior Year, with Newly Acquired Doors Business Contributing $573 Million in Rev ...
Owens Corning (OC) Q3 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
ZACKS· 2024-11-01 14:20
The upcoming report from Owens Corning (OC) is expected to reveal quarterly earnings of $4.01 per share, indicating a decline of 3.4% compared to the year-ago period. Analysts forecast revenues of $3.04 billion, representing an increase of 22.7% year over year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Before a company reveals its earnings, it is ...
Analysts Estimate Owens Corning (OC) to Report a Decline in Earnings: What to Look Out for
ZACKS· 2024-10-30 15:07
The market expects Owens Corning (OC) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on November 6, 2024, might help the stock move higher if these key numbers ...
Here is What to Know Beyond Why Owens Corning Inc (OC) is a Trending Stock
ZACKS· 2024-10-23 14:05
Owens Corning (OC) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this construction materials company have returned +4.8%, compared to the Zacks S&P 500 composite's +2.7% change. During this period, the Zacks Building Products - Miscellaneous industry, which Owens Corning falls in, has gained 1%. The key question now is: What could b ...
Why Owens Corning (OC) Dipped More Than Broader Market Today
ZACKS· 2024-10-21 23:06
In the latest trading session, Owens Corning (OC) closed at $186.20, marking a -1.79% move from the previous day. This change lagged the S&P 500's daily loss of 0.18%. Meanwhile, the Dow lost 0.8%, and the Nasdaq, a tech-heavy index, added 0.27%.Prior to today's trading, shares of the construction materials company had gained 8.84% over the past month. This has outpaced the Construction sector's loss of 3.59% and the S&P 500's gain of 4.46% in that time.The upcoming earnings release of Owens Corning will be ...
Owens Corning: Balanced Prospects Amid Fair Valuation
Seeking Alpha· 2024-10-18 19:07
Core Insights - The individual is pursuing a Bachelor's degree in Economics and Management while working as a financial market analyst, indicating a strong academic and professional background in finance [1] - The focus is on mid- and large-cap growth companies, particularly in the financial, technology, healthcare sectors, and REITs, suggesting a diversified investment strategy [1] - The investment journey began during the Covid lockdowns, highlighting a trend where many individuals turned to investing during economic uncertainty [1] Industry Focus - The financial industry is a primary area of interest, which may indicate potential growth opportunities as the economy stabilizes post-pandemic [1] - Technology and healthcare sectors are also emphasized, reflecting ongoing trends in digital transformation and health innovation, which are likely to continue driving market growth [1] - The inclusion of REITs suggests an interest in real estate investments, which can provide diversification and income generation in a portfolio [1]
Owens Corning Banks on Growth Initiative Amid Low Volume Projection
ZACKS· 2024-10-11 15:10
Owens Corning's (OC) strategic growth initiatives and investments bode well for its future growth, particularly in the Insulation and Roofing segments. The acquisition of Masonite and product innovations enhance its offerings and operational efficiency. Additionally, its Roofing business has seen consistent gains. However, OC has been witnessing significant inflationary pressure and labor woes. Also, foreign currency translation remains a concern for this residential and commercial building products company ...
Is Trending Stock Owens Corning Inc (OC) a Buy Now?
ZACKS· 2024-10-11 14:05
Owens Corning (OC) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Shares of this construction materials company have returned +8.8% over the past month versus the Zacks S&P 500 composite's +5.4% change. The Zacks Building Products - Miscellaneous industry, to which Owens Corning belongs, has gained 9.1% over this period. Now the key question is: Where could the stock be headed in the ...
Owens Corning (OC) Ascends But Remains Behind Market: Some Facts to Note
ZACKS· 2024-10-08 23:06
Owens Corning (OC) closed at $182.08 in the latest trading session, marking a +0.36% move from the prior day. The stock lagged the S&P 500's daily gain of 0.97%. At the same time, the Dow added 0.3%, and the techheavy Nasdaq gained 1.45%. Prior to today's trading, shares of the construction materials company had gained 15.89% over the past month. This has outpaced the Construction sector's gain of 8.21% and the S&P 500's gain of 5.41% in that time. Market participants will be closely following the financial ...
Why Owens Corning (OC) Outpaced the Stock Market Today
ZACKS· 2024-09-17 23:06
Owens Corning (OC) ended the recent trading session at $170.79, demonstrating a +1.8% swing from the preceding day's closing price. The stock outpaced the S&P 500's daily gain of 0.03%. Elsewhere, the Dow saw a downswing of 0.04%, while the tech-heavy Nasdaq appreciated by 0.2%. Prior to today's trading, shares of the construction materials company had gained 3.19% over the past month. This has lagged the Construction sector's gain of 5.35% and outpaced the S&P 500's gain of 1.54% in that time. Analysts and ...