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Why Owens Corning (OC) Outpaced the Stock Market Today
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Owens Corning (OC - Free Report) closed the most recent trading day at $111.81, moving +1.64% from the previous trading session. The stock's performance was ahead of the S&P 500's daily gain of 0.28%. Meanwhile, the Dow gained 1.02%, and the Nasdaq, a tech-heavy index, lost 0.02%.
The construction materials company's stock has dropped by 9.52% in the past month, falling short of the Construction sector's loss of 5.11% and the S&P 500's gain of 0.67%.
The investment community will be paying close attention to the earnings performance of Owens Corning in its upcoming release. The company is slated to reveal its earnings on November 4, 2026. The company is forecasted to report an EPS of $2.98, showcasing a 18.8% downward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $2.6 billion, indicating a 2.98% downward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $9.59 per share and revenue of $9.9 billion, indicating changes of -20.41% and -2.02%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for Owens Corning. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 5.44% lower. Owens Corning presently features a Zacks Rank of #4 (Sell).
From a valuation perspective, Owens Corning is currently exchanging hands at a Forward P/E ratio of 11.47. This indicates a discount in contrast to its industry's Forward P/E of 16.16.
Investors should also note that OC has a PEG ratio of 2.54 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Building Products - Miscellaneous industry stood at 1.47 at the close of the market yesterday.
The Building Products - Miscellaneous industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 208, placing it within the bottom 16% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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Why Owens Corning (OC) Outpaced the Stock Market Today
Owens Corning (OC - Free Report) closed the most recent trading day at $111.81, moving +1.64% from the previous trading session. The stock's performance was ahead of the S&P 500's daily gain of 0.28%. Meanwhile, the Dow gained 1.02%, and the Nasdaq, a tech-heavy index, lost 0.02%.
The construction materials company's stock has dropped by 9.52% in the past month, falling short of the Construction sector's loss of 5.11% and the S&P 500's gain of 0.67%.
The investment community will be paying close attention to the earnings performance of Owens Corning in its upcoming release. The company is slated to reveal its earnings on November 4, 2026. The company is forecasted to report an EPS of $2.98, showcasing a 18.8% downward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $2.6 billion, indicating a 2.98% downward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $9.59 per share and revenue of $9.9 billion, indicating changes of -20.41% and -2.02%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for Owens Corning. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 5.44% lower. Owens Corning presently features a Zacks Rank of #4 (Sell).
From a valuation perspective, Owens Corning is currently exchanging hands at a Forward P/E ratio of 11.47. This indicates a discount in contrast to its industry's Forward P/E of 16.16.
Investors should also note that OC has a PEG ratio of 2.54 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Building Products - Miscellaneous industry stood at 1.47 at the close of the market yesterday.
The Building Products - Miscellaneous industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 208, placing it within the bottom 16% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.