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Owens Corning (OC) Down 6.1% Since Last Earnings Report: Can It Rebound?

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A month has gone by since the last earnings report for Owens Corning (OC - Free Report) . Shares have lost about 6.1% in that time frame, underperforming the S&P 500.

Will the recent negative trend continue leading up to its next earnings release, or is Owens Corning due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.

How Have Estimates Been Moving Since Then?

It turns out, estimates review flatlined during the past month.

The consensus estimate has shifted -9.27% due to these changes.

VGM Scores

At this time, Owens Corning has a nice Growth Score of B, though it is lagging a lot on the Momentum Score front with a D. However, the stock was allocated a grade of B on the value side, putting it in the second quintile for this investment strategy.

Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.

Outlook

Owens Corning has a Zacks Rank #4 (Sell). We expect a below average return from the stock in the next few months.


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