Owens Corning (NYSE: OC) has reported earnings for its second fiscal quarter (ending June 30) of $3.27 versus $3.81 for the same period a year ago — a decline of -14%. This performance was $-1.08 short of the consensus estimate of $4.35. E.P.S. were $11.91 for the latest four quarters through June 30 versus $14.22 for the same period a year ago — a decline of -16%.
Recent Price Action
On 8/6/24, Owens Corning (NYSE: OC) stock declined by -4.1%, closing at $157.57. Moreover, trading volume in this decline was exceptionally high at 227% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -13.6% during the last week.
Current PriceTarget Research Rating
OC’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Owens Corning has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Owens Corning has a neutral Appreciation Score of 56 but a very high Power Rating of 89, resulting in the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
Be the first to comment