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Owens Corning (OC) Rises Higher Than Market: Key Facts
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Owens Corning (OC - Free Report) ended the recent trading session at $116.31, demonstrating a +1.79% change from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.6%. On the other hand, the Dow registered a gain of 0.03%, and the technology-centric Nasdaq increased by 1.18%.
Shares of the construction materials company witnessed a loss of 6.37% over the previous month, beating the performance of the Construction sector with its loss of 6.52%, and underperforming the S&P 500's loss of 0.79%.
The upcoming earnings release of Owens Corning will be of great interest to investors. The company's earnings report is expected on November 4, 2026. The company's earnings per share (EPS) are projected to be $2.96, reflecting a 19.35% decrease from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.6 billion, down 2.98% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $9.39 per share and a revenue of $9.9 billion, signifying shifts of -22.07% and -2.02%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Owens Corning. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 7.45% lower. Right now, Owens Corning possesses a Zacks Rank of #4 (Sell).
In the context of valuation, Owens Corning is at present trading with a Forward P/E ratio of 12.17. This expresses a discount compared to the average Forward P/E of 16.41 of its industry.
We can also see that OC currently has a PEG ratio of 2.7. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. By the end of yesterday's trading, the Building Products - Miscellaneous industry had an average PEG ratio of 1.45.
The Building Products - Miscellaneous industry is part of the Construction sector. With its current Zacks Industry Rank of 214, this industry ranks in the bottom 14% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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Owens Corning (OC) Rises Higher Than Market: Key Facts
Owens Corning (OC - Free Report) ended the recent trading session at $116.31, demonstrating a +1.79% change from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.6%. On the other hand, the Dow registered a gain of 0.03%, and the technology-centric Nasdaq increased by 1.18%.
Shares of the construction materials company witnessed a loss of 6.37% over the previous month, beating the performance of the Construction sector with its loss of 6.52%, and underperforming the S&P 500's loss of 0.79%.
The upcoming earnings release of Owens Corning will be of great interest to investors. The company's earnings report is expected on November 4, 2026. The company's earnings per share (EPS) are projected to be $2.96, reflecting a 19.35% decrease from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.6 billion, down 2.98% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $9.39 per share and a revenue of $9.9 billion, signifying shifts of -22.07% and -2.02%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Owens Corning. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 7.45% lower. Right now, Owens Corning possesses a Zacks Rank of #4 (Sell).
In the context of valuation, Owens Corning is at present trading with a Forward P/E ratio of 12.17. This expresses a discount compared to the average Forward P/E of 16.41 of its industry.
We can also see that OC currently has a PEG ratio of 2.7. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. By the end of yesterday's trading, the Building Products - Miscellaneous industry had an average PEG ratio of 1.45.
The Building Products - Miscellaneous industry is part of the Construction sector. With its current Zacks Industry Rank of 214, this industry ranks in the bottom 14% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.