Owens Corning Inc (NYSE:OC) is set to announce second quarter earning results on Wednesday 29th July 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, OC to report 2Q20 income of $ 0.20 per share.
For the full year, analysts anticipate top line of $ 6434.34 million, while looking forward to income of $ 2.89 per share bottom line.
Previous Quarter Performance
Owens Corning Inc disclosed income for the first quarter of $ 0.60 per share, from the revenue of $ 1,601.00 million. The quarterly earnings improved 11.11 percent compared with the same quarter last year. The consensus estimates are income of $ 0.54 per share from $ 1638.52 million in revenue. The bottom line results beat street analysts by $ 0.06 or 11.11 percent, at the same time, top line results fell short of analysts by $ 37.52 million or 2.29 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of OC was $ 61.25, representing a 114.46 % increase from the 52 week low of $ 28.56 and a 10.87 % decrease over the 52 week high of $ 68.72.
The company has a market capital of $ 6.61 billion and is part of the Basic Materials sector and Building Materials industry.
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Recent Analyst recommendations
- On 18th June 2020, maintained by Benchmark at Buy rating, with $ 63.00 target price.
- On 5th June 2020, maintained by Wells Fargo & Co at Equal-Weight rating, with $ 60.00 target price.
Conference Call
Owens Corning Inc will be hosting a conference call at 9:00 AM eastern time on 29th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.owenscorning.com
Owens Corning, together with its subsidiaries, produces and sells glass fiber reinforcements and other materials for composites; and residential, commercial, and industrial building materials worldwide. It operates in three segments: Composites, Insulation, and Roofing. The Composites segment manufactures, fabricates, and sells glass reinforcements in the form of fiber; and manufactures and sells glass fiber products in the form of fabrics, non-wovens, and other specialized products.
