Owens Corning (OC) closed the most recent trading day at $142.34, moving +2.44% from the previous trading session. This move outpaced the S&P 500’s daily gain of 0.05%. Elsewhere, the Dow saw an upswing of 0.46%, while the tech-heavy Nasdaq depreciated by 0.64%.
Shares of the construction materials company have appreciated by 1.97% over the course of the past month, outperforming the Construction sector’s loss of 4.31%, and the S&P 500’s gain of 0.61%.
Market participants will be closely following the financial results of Owens Corning in its upcoming release. The company plans to announce its earnings on August 5, 2026. It is anticipated that the company will report an EPS of $3.06, marking a 27.32% fall compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $2.67 billion, indicating a 2.75% downward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $9.55 per share and a revenue of $9.93 billion, representing changes of -20.75% and -1.68%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Owens Corning. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts’ positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we’ve formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.21% increase. Right now, Owens Corning possesses a Zacks Rank of #3 (Hold).
Digging into valuation, Owens Corning currently has a Forward P/E ratio of 14.56. This expresses a discount compared to the average Forward P/E of 18.23 of its industry.
We can additionally observe that OC currently boasts a PEG ratio of 2.7. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company’s expected earnings growth rate into account. The Building Products – Miscellaneous was holding an average PEG ratio of 1.45 at yesterday’s closing price.
