Owens ning-Owens Corning (OC) Tops Q4 Earnings and Revenue Estimates

Core Insights - Owens Corning reported quarterly earnings of $3.22 per share, exceeding the Zacks Consensus Estimate of$ 2.87 per share, and showing a slight increase from $3.21 per share a year ago, resulting in an earnings surprise of 12.20% [1] - The company achieved revenues of$ 2.84 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 2.27% and increasing from $2.3 billion year-over-year [2] Earnings Performance - Over the last four quarters, Owens Corning has consistently surpassed consensus EPS estimates, achieving this four times [2] - The company had a previous quarter earnings expectation of$ 4.01 per share but reported $4.38, delivering a surprise of 9.23% [1] Stock Performance and Outlook - Owens Corning shares have declined approximately 2.9% since the beginning of the year, contrasting with the S&P 500's gain of 2.2% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] Estimate Revisions - The trend for estimate revisions ahead of the earnings release was favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] - The current consensus EPS estimate for the next quarter is$ 3.24 on revenues of $2.88 billion, and for the current fiscal year, it is$ 15.85 on revenues of $11.65 billion [7] Industry Context - The Building Products - Miscellaneous industry, to which Owens Corning belongs, is currently ranked in the bottom 32% of over 250 Zacks industries, which may impact stock performance [8]