O-I Glass Inc reports results for the quarter ended March 31 - Earnings Summary

• O-I Glass Inc OI.N reported quarterly adjusted earnings of 40 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 45 cents. The mean expectation of nine analysts for the quarter was for earnings of 24 cents per share. Wall Street expected results to range from 17 cents to 40 cents per share.

• Revenue fell 1.6% to $1.57 billion from a year ago; analysts expected $1.56 billion.

• O-I Glass Inc's reported EPS for the quarter was a loss of 10 cents​.

• The company reported a quarterly loss of $16 million.

• O-I Glass Inc shares had risen by 4.4% this quarter and gained 10.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 4.9% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 3 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the non-paper containers & packaging peer group is also "buy"

• Wall Street's median 12-month price target for O-I Glass Inc is $13.00

This summary was machine generated from LSEG data April 29 at 10:41 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)