Owens Corning Shares Drop 1.99% Ahead of 58.7% EPS Decline
Owens Corning shares fell 1.99% to $131.68, trailing a 0.28% S&P 500 drop while rising 7.8% over the past month versus a 6.1% sector gain. Earnings due February 25 forecast $1.33 EPS (-58.7% YoY) and $2.2 billion revenue (-22.6% YoY), with a forward P/E of 12.7 versus 20.15 industry average.
1. Stock Performance
On February 19, Owens Corning shares closed at $131.68, down 1.99% from the prior session, underperforming the S&P 500’s 0.28% drop. Over the past month, the stock has climbed 7.76%, surpassing the Construction sector gain of 6.1% and the S&P 500’s 0.76% loss.
2. Earnings Outlook
The company is scheduled to report fourth-quarter results on February 25, with consensus forecasts calling for $1.33 EPS, a 58.7% year-over-year decline, and $2.2 billion in revenue, down 22.6% from the prior-year quarter.
3. Valuation Metrics
Owens Corning trades at a forward P/E of 12.7, representing a discount to the industry average of 20.15. Its PEG ratio of 2.82 exceeds the Building Products industry average of 1.77, indicating higher relative valuation per unit of growth.
4. Analyst Rankings
Consensus EPS estimates have declined by 1.21% over the past month, contributing to Owens Corning’s Zacks Rank #4 (Sell). Projected full-year earnings of $12.31 and revenue of $10.14 billion reflect year-over-year declines of 22.6% and 7.6%, respectively.