Owens-Corning Q1 Adj. EPS $3.59 Beats $3.08 Estimate, Sales $2.30B Beat $2.28B Estimate
Portfolio Pulse from Benzinga Newsdesk
Owens-Corning (NYSE:OC) reported Q1 adjusted EPS of $3.59, surpassing the $3.08 estimate, and sales of $2.30B, exceeding the $2.28B estimate. This represents a 29.6% increase in EPS and a 1.33% decrease in sales from the same period last year.
April 24, 2024 | 10:05 am
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Owens-Corning reported a significant beat on Q1 earnings and sales estimates, with EPS at $3.59 against a $3.08 estimate and sales of $2.30B against a $2.28B estimate.
The significant beat on both earnings and sales estimates by Owens-Corning indicates a strong financial performance, likely leading to positive investor sentiment and a potential short-term increase in stock price. The increase in EPS by 29.6% from the previous year further strengthens the case for a positive impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100