Manufacturer of glass containers, Owens-Illinois, Inc. (OI - Free Report) is scheduled to report third-quarter 2016 results on Oct 25, after the closing bell. In the last reported quarter, the company reported a year-over-year increase both in earnings and sales as well as surpassed the respective Zacks Consensus Estimate. Let’s see how things are shaping up prior to this announcement.
Earnings Whispers
Our proven model shows that Owens-Illinois is likely to beat earnings in the to-be-reported quarter because it has the right combination of two key ingredients.
Zacks ESP: Owens-Illinois’ Earnings ESP is +3.03% as the Most Accurate estimate of 68 cents is higher than the Zacks Consensus Estimate of 66 cents. A positive Earnings ESP serves as a meaningful and leading indicator of a likely positive earnings surprise.
Zacks Rank: Owens-Illinois carries a Zacks Rank #2. Note that stocks with a Zacks Rank #1 (Strong Buy), #2 (Buy) or #3 (Hold) have a significantly higher chance of beating on earnings.The combination of the company’s favorable Zacks Rank with a positive ESP makes us confident of an earnings beat.
Notably, the stocks having a Zacks Rank #4 and 5 (Sell-rated stocks) should never be considered going into an earnings announcement, especially when the company is seeing negative estimate revisions.
Surprise History
In the last reported quarter, the company posted a positive earnings surprise of 4.84%. Owens-Illinois has outpaced the Zacks Consensus Estimate in all the trailing four quarters, with an average earnings beat of 7.12%.
OWENS-ILLINOIS Price and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Manufacturer of glass containers, Owens-Illinois, Inc. (OI - Free Report) is scheduled to report third-quarter 2016 results on Oct 25, after the closing bell. In the last reported quarter, the company reported a year-over-year increase both in earnings and sales as well as surpassed the respective Zacks Consensus Estimate. Let’s see how things are shaping up prior to this announcement.
Earnings Whispers
Our proven model shows that Owens-Illinois is likely to beat earnings in the to-be-reported quarter because it has the right combination of two key ingredients.
Zacks ESP: Owens-Illinois’ Earnings ESP is +3.03% as the Most Accurate estimate of 68 cents is higher than the Zacks Consensus Estimate of 66 cents. A positive Earnings ESP serves as a meaningful and leading indicator of a likely positive earnings surprise.
Zacks Rank: Owens-Illinois carries a Zacks Rank #2. Note that stocks with a Zacks Rank #1 (Strong Buy), #2 (Buy) or #3 (Hold) have a significantly higher chance of beating on earnings.The combination of the company’s favorable Zacks Rank with a positive ESP makes us confident of an earnings beat.
Notably, the stocks having a Zacks Rank #4 and 5 (Sell-rated stocks) should never be considered going into an earnings announcement, especially when the company is seeing negative estimate revisions.
Surprise History
In the last reported quarter, the company posted a positive earnings surprise of 4.84%. Owens-Illinois has outpaced the Zacks Consensus Estimate in all the trailing four quarters, with an average earnings beat of 7.12%.
OWENS-ILLINOIS Price and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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