Owens Corning Inc (NYSE:OC) is set to announce third quarter earning results on Wednesday 28th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, OC to report 3Q20 income of $ 1.28 per share.
For the full year, analysts anticipate top line of $ 6716.06 million, while looking forward to income of $ 3.88 per share bottom line.
Previous Quarter Performance
Owens Corning Inc posted income for the second quarter of $ 0.88 per share, from the revenue of $ 1,625.00 million. The quarterly earnings reduced 32.82 percent while revenues dropped 15.28 percent compared with the same quarter last year.
Street analysts expected Owens Corning Inc to report income of $ 0.20 per share on revenue of $ 1528.18 million for the second quarter. The bottom line results beat street analysts by $ 0.68 or 340.00 percent, at the same time, top line results outshined analysts by $ 96.82 million or 6.34 percent.
Stock Performance
Shares of Owens Corning Inc traded low $ -0.38 or -0.55 percent on Tuesday, reaching $ 68.84 with volume of 836.70 thousand shares. Owens Corning Inc has traded high as $ 69.58 and has cracked $ 67.95 on the downward trend
According to the previous trading day, closing price of $ 68.84, representing a 142.37 % increase from the 52 week low of $ 28.56 and a 9.63 % decrease over the 52 week high of $ 76.60.
The company has a market capital of $ 7.44 billion and is part of the Basic Materials sector and Building Materials industry.
Recent Analyst recommendations
- On 13th October 2020, upgraded by Benchmark to Buy from Hold rating.
Conference Call
Owens Corning Inc will be hosting a conference call at 9:00 AM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.owenscorning.com
Owens Corning, together with its subsidiaries, produces and sells glass fiber reinforcements and other materials for composites; and residential, commercial, and industrial building materials worldwide. It operates in three segments: Composites, Insulation, and Roofing. The Composites segment manufactures, fabricates, and sells glass reinforcements in the form of fiber; and manufactures and sells glass fiber products in the form of fabrics, non-wovens, and other specialized products.
