A Preview Of O-I Glass's Earnings
Portfolio Pulse from Benzinga Insights
O-I Glass (NYSE:OI) is scheduled to release its quarterly earnings report on February 6, 2024, with an estimated EPS of $0.03. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Historically, O-I Glass's stock price has been sensitive to earnings performance and guidance. The company's shares are currently trading at $15.0, marking a 35.56% decline over the last 52 weeks.
February 05, 2024 | 5:01 pm
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O-I Glass is expected to report an EPS of $0.03 for the latest quarter. Historical data shows stock price sensitivity to earnings performance and guidance. Shares have fallen 35.56% over the past year.
Given the historical sensitivity of O-I Glass's stock price to earnings performance and guidance, the upcoming earnings report could have a neutral to slightly positive impact if the company beats the EPS estimate and provides positive future guidance. However, the stock's recent downward trend and past negative reactions to earnings beats suggest investor sentiment may be cautious.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100