Does The Street Have Owens Corning Figured Out?
Feb 18th 2013 1:05AM
Updated Feb 18th 2013 1:10AM
Owens Corning (NYS: OC) is expected to report Q4 earnings on Feb. 20. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Owens Corning's revenues will wither -3.1% and EPS will shrink -60.0%.
The average estimate for revenue is $1.16 billion. On the bottom line, the average EPS estimate is $0.16.
Last quarter, Owens Corning chalked up revenue of $1.28 billion. GAAP reported sales were 12% lower than the prior-year quarter's $1.45 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.33. GAAP EPS of $0.37 for Q3 were 63% lower than the prior-year quarter's $1.01 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 17.6%, 430 basis points worse than the prior-year quarter. Operating margin was 6.4%, 520 basis points worse than the prior-year quarter. Net margin was 3.4%, 520 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $5.17 billion. The average EPS estimate is $1.12.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 437 members out of 462 rating the stock outperform, and 25 members rating it underperform. Among 111 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 110 give Owens Corning a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Owens Corning is outperform, with an average price target of $37.14.
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The article Does The Street Have Owens Corning Figured Out? originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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