In the latest close session, Owens Corning (OC) was down 2.06% at $136.56. The stock trailed the S&P 500, which registered a daily loss of 1.6%. At the same time, the Dow lost 1.23%, and the tech-heavy Nasdaq lost 2.24%.
The construction materials company's shares have seen a decrease of 4.01% over the last month, not keeping up with the Construction sector's gain of 4.86% and the S&P 500's gain of 2.25%.
The investment community will be closely monitoring the performance of Owens Corning in its forthcoming earnings report. The company is scheduled to release its earnings on August 6, 2025. On that day, Owens Corning is projected to report earnings of $3.8 per share, which would represent a year-over-year decline of 18.1%. Alongside, our most recent consensus estimate is anticipating revenue of $2.7 billion, indicating a 3.03% downward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $13.24 per share and a revenue of $10.38 billion, indicating changes of -16.78% and -5.46%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Owens Corning. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. At present, Owens Corning boasts a Zacks Rank of #3 (Hold).
From a valuation perspective, Owens Corning is currently exchanging hands at a Forward P/E ratio of 10.53. This valuation marks a discount compared to its industry average Forward P/E of 19.03.
It is also worth noting that OC currently has a PEG ratio of 3.68. 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. Building Products – Miscellaneous stocks are, on average, holding a PEG ratio of 1.89 based on yesterday's closing prices.
The Building Products – Miscellaneous industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 67, placing it within the top 28% of over 250 industries.
