Owens Corning (OC) Falls More Steeply Than Broader Market: What Investors Need to Know

In the latest trading session, Owens Corning (OC) closed at $111.91, marking a -1.1% move from the previous day. This move lagged the S&P 500's daily loss of 0.74%. Meanwhile, the Dow lost 0.63%, and the Nasdaq, a tech-heavy index, lost 0.76%. Coming into today, shares of the construction materials company had gained 0.58% in the past month. In that same time, the Construction sector lost 2.42%, while the S&P 500 gained 0.79%. The upcoming earnings release of Owens Corning will be of great interest to investors. On that day, Owens Corning is projected to report earnings of $1.29 per share, which would represent a year-over-year decline of 59.94%. Meanwhile, the latest consensus estimate predicts the revenue to be $2.16 billion, indicating a 23.78% decrease compared to the same quarter of the previous year. For the full year, the Zacks Consensus Estimates are projecting earnings of $12.18 per share and revenue of $10.13 billion, which would represent changes of -23.44% and -7.74%, respectively, from the prior year. It is also important to note the recent changes to analyst estimates for Owens Corning. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Right now, Owens Corning possesses a Zacks Rank of #5 (Strong Sell). Investors should also note Owens Corning's current valuation metrics, including its Forward P/E ratio of 9.29. This expresses a discount compared to the average Forward P/E of 19.12 of its industry. It's also important to note that OC currently trades at a PEG ratio of 9.11. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Building Products - Miscellaneous was holding an average PEG ratio of 1.9 at yesterday's closing price. The Building Products - Miscellaneous industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 196, placing it within the bottom 21% of over 250 industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions. Zacks Naming Top 10 Stocks for 2026Want to be tipped off early to our 10 top picks for the entirety of 2026? History suggests their performance could be sensational.From 2012 (when our Director of Research Sheraz Mian assumed responsibility for the portfolio) through November, 2025, the Zacks Top 10 Stocks gained +2,530.8%, more than QUADRUPLING the S&P 500’s +570.3%.Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2026. Don’t miss your chance to get in on these stocks when they’re released on January 5. Be First to New Top 10 Stocks >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Owens Corning Inc (OC): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks