For its first fiscal quarter (ending March 31), O I Glass Inc (NYSE: OI) has reported a -65% decline in E.P.S. from $1.33 a year ago to $0.46 in the current quarter. This performance was $-0.07 short of the consensus estimate of $0.53. E.P.S. were $-1.55 for the latest four quarters through March 31 versus $4.53 for the same period a year ago — a decline of -134%.
Recent Price Action
On 4/30/24, O I Glass Inc (NYSE: OI) stock declined by -4.5%, closing at $14.96. Moreover, trading volume in this decline was above average at 137% of normal. Relative to the market the stock has been weak over the last nine months but has risen 1.0% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, OI is expected to continue to be a major Value Builder.
O I Glass has a current Value Trend Rating of C (Low Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. O I Glass has a good Appreciation Score of 85 but a very low Power Rating of 7, with the Low Neutral Value Trend Rating the result.
Rating Review
In light of this discouraging new earnings information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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