Owens Corning (OC) Surpasses Market Returns: Some Facts Worth Knowing

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 August 5, 2026. The company's earnings per share (EPS) are projected to be $3.06, reflecting a 27.32% decrease from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $2.67 billion, down 2.75% from the prior-year quarter.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $9.55 per share and revenue of $9.93 billion, indicating changes of -20.75% and -1.68%, respectively, compared to the previous year.

It's also important for investors to be aware of any recent modifications to analyst estimates for Owens Corning. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Within the past 30 days, our consensus EPS projection has moved 0.21% higher. Currently, Owens Corning is carrying a Zacks Rank of #3 (Hold).

Valuation is also important, so investors should note that Owens Corning has a Forward P/E ratio of 14.29 right now. Its industry sports an average Forward P/E of 17.94, so one might conclude that Owens Corning is trading at a discount comparatively.

Investors should also note that OC has a PEG ratio of 2.65 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Building Products - Miscellaneous industry stood at 1.37 at the close of the market yesterday.

The Building Products - Miscellaneous industry is part of the Construction sector. With its current Zacks Industry Rank of 93, this industry ranks in the top 38% of all industries, numbering over 250.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

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This article originally published on Zacks Investment Research (zacks.com).

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