Owens Corning reports results for the quarter ended March 31 - Earnings Summary

• Owens Corning OC.N reported quarterly adjusted earnings of $2.97​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $3.59. The mean expectation of eighteen analysts for the quarter was for earnings of $2.87 per share. Wall Street expected results to range from $2.61 to $3.12 per share.

• Revenue rose 10% to $2.53 billion from a year ago; analysts expected $2.51 billion.

• Owens Corning's reported EPS for the quarter was a loss of $1.08​.

• The company reported a quarterly loss of $93 million.

• Owens Corning shares had fallen by 0.1% this quarter and lost 16.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 18.5% in the last three months.​

• In the last 30 days, six analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 8 "hold" and no "sell" or "strong sell." The average consensus recommendation for the construction supplies & fixtures peer group is also "buy"

• Wall Street's median 12-month price target for Owens Corning is $181.00

This summary was machine generated from LSEG data May 7 at 01:32 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)