Owens Corning (OC) Falls More Steeply Than Broader Market: What Investors Need to Know

Earnings and Revenue Projections - Analysts expect earnings of $15 48 per share and revenue of$11 23 billion for the full year, representing year-over-year increases of +7 35% and +16 03% respectively [1] - For the upcoming quarter, earnings per share (EPS) are projected at $4 31, a 2 13$2 87 billion, up 12 13% year-over-year [6] Valuation Metrics - The company currently has a Forward P/E ratio of 11 6, which is a discount compared to the industry average Forward P/E of 19 13 [4] - The PEG ratio stands at 5 34, significantly higher than the industry average PEG ratio of 1 74 [8] Stock Performance - The stock ended the recent trading session at $176 56, showing a -1 65% change from the previous day's close [10] - Over the past month, the stock gained 2 8%, outperforming the Construction sector's loss of 0 27% but lagging behind the S&P 500's gain of 4 59% [10] Industry and Sector Context - The Building Products - Miscellaneous industry, part of the Construction sector, holds a Zacks Industry Rank of 35, placing it in the top 14% of all 250+ industries [5] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [5] Analyst Sentiment and Revisions - Recent upward revisions in analyst estimates reflect a favorable outlook on the company's business health and profitability [2] - The Zacks Consensus EPS estimate has risen by 0 72% over the past month, and the company currently holds a Zacks Rank of 1 (Strong Buy) [3] Market Correlation - Research shows that changes in analyst estimates are directly correlated with near-term stock prices, forming the basis of the Zacks Rank system [7]