Owens ning-Owens Corning (OC) Rises But Trails Market: What Investors Should Know

Company Performance - Owens Corning's stock closed at $137.10, with a daily increase of +1.99%, underperforming the S&P 500's gain of 2.51% [1] - The stock has decreased by 11.09% over the past month, compared to the Construction sector's loss of 9.21% and the S&P 500's loss of 8.86% [1] Upcoming Earnings - The company's earnings report is scheduled for May 7, 2025, with projected EPS of$ 2.82, indicating a 21.45% decline from the same quarter last year [2] - Quarterly revenue is expected to be $2.52 billion, reflecting a 9.41% increase from the previous year [2] Full Year Estimates - For the full year, earnings are projected at$ 14.33 per share and revenue at $10.58 billion, showing declines of -9.93% and -3.62% respectively from the prior year [3] Analyst Estimates - Recent changes in analyst estimates indicate a positive outlook on Owens Corning's business operations and profit generation capabilities [4] - The Zacks Rank system, which reflects these estimate changes, currently ranks Owens Corning as 4 (Sell) [6] Valuation Metrics - Owens Corning has a Forward P/E ratio of 9.38, which is lower than the industry average of 14.35 [7] - The company has a PEG ratio of 2.21, compared to the average PEG ratio of 1.66 for the Building Products - Miscellaneous industry [7] Industry Context - The Building Products - Miscellaneous industry is part of the Construction sector and holds a Zacks Industry Rank of 156, placing it in the bottom 38% of over 250 industries [8]