A quarterly earnings beat hasn't been enough to reverse the slide in Owens Corning NYSE: OC stock. In mid-morning trading the day after the maker of builder and construction materials delivered its second quarter earnings the stock is down just over 10% for the week.
Owens Corning's (OC) second-quarter results benefit from strong commercial execution and manufacturing performance.
While the top- and bottom-line numbers for Owens Corning (OC) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Owens Corning (OC) came out with quarterly earnings of $4.64 per share, beating the Zacks Consensus Estimate of $4.37 per share. This compares to earnings of $4.22 per share a year ago.
Get a deeper insight into the potential performance of Owens Corning (OC) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Owens Corning's (OC) second-quarter results are likely to reflect the Masonite acquisition, higher demand for its products, lower residential shingle roofing shipments and weak international operations.
Owens Corning (OC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Owens Corning (OC) concluded the recent trading session at $182.30, signifying a +1.23% move from its prior day's close.
Owens Corning (OC) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Owens Corning (OC) reachead $174.39 at the closing of the latest trading day, reflecting a +0.77% change compared to its last close.
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