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Owens Corning (OC - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.

Over the past month, shares of this construction materials company have returned +12.8%, compared to the Zacks S&P 500 composite's -0.6% change. During this period, the Zacks Building Products - Miscellaneous industry, which Owens Corning falls in, has lost 6%. The key question now is: What could be the stock's future direction?

While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.

Revisions to Earnings EstimatesRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.

We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For the current quarter, Owens Corning is expected to post earnings of $3.06 per share, indicating a change of -27.3% from the year-ago quarter. The Zacks Consensus Estimate has changed -0.3% over the last 30 days.

The consensus earnings estimate of $9.55 for the current fiscal year indicates a year-over-year change of -20.8%. This estimate has changed +0.2% over the last 30 days.

For the next fiscal year, the consensus earnings estimate of $11.77 indicates a change of +23.2% from what Owens Corning is expected to report a year ago. Over the past month, the estimate has remained unchanged.

With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Owens Corning.

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Revenue Growth ForecastWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.

For Owens Corning, the consensus sales estimate for the current quarter of $2.67 billion indicates a year-over-year change of -2.8%. For the current and next fiscal years, $9.93 billion and $10.34 billion estimates indicate -1.7% and +4.1% changes, respectively.

Last Reported Results and Surprise HistoryOwens Corning reported revenues of $2.27 billion in the last reported quarter, representing a year-over-year change of -10.5%. EPS of $1.22 for the same period compares with $2.97 a year ago.

Compared to the Zacks Consensus Estimate of $2.16 billion, the reported revenues represent a surprise of +5.04%. The EPS surprise was +20.79%.

Over the last four quarters, Owens Corning surpassed consensus EPS estimates three times. The company topped consensus revenue estimates two times over this period.

ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.

While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.

As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Owens Corning is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Owens Corning. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.

TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC), a building products leader, is scheduled to announce its second-quarter financial results on Wednesday, August 5, 2026, before the New York Stock Exchange opens. The company will host a call to discuss its financial results at 9 a.m. ET the same day. Webcast https://events.q4inc.com/attendee/845257538 A webcast replay will be available for one year using the same link. Callers Please dial in 10-15 minutes before the conference call is sch.

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Owens Corning (OC - Free Report) .

Owens Corning currently has an average brokerage recommendation (ABR) of 1.79, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 19 brokerage firms. An ABR of 1.79 approximates between Strong Buy and Buy.

Of the 19 recommendations that derive the current ABR, 11 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 57.9% and 5.3% of all recommendations.

Brokerage Recommendation Trends for OC

Check price target & stock forecast for Owens Corning here>>>

While the ABR calls for buying Owens Corning, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.

Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.

This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements.

Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.

ABR Should Not Be Confused With Zacks RankAlthough both Zacks Rank and ABR are displayed in a range of 1--5, they are different measures altogether.

Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.

It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.

On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.

Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.

Is OC Worth Investing In?In terms of earnings estimate revisions for Owens Corning, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $9.53.

Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.

The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Owens Corning. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for Owens Corning.

Owens Corning (OC - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.

Shares of this construction materials company have returned +15.7% over the past month versus the Zacks S&P 500 composite's +1.6% change. The Zacks Building Products - Miscellaneous industry, to which Owens Corning belongs, has gained 2.7% over this period. Now the key question is: Where could the stock be headed in the near term?

While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.

Earnings Estimate RevisionsHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.

Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.

Owens Corning is expected to post earnings of $3.02 per share for the current quarter, representing a year-over-year change of -28.3%. Over the last 30 days, the Zacks Consensus Estimate has changed -0.3%.

The consensus earnings estimate of $9.53 for the current fiscal year indicates a year-over-year change of -20.9%. This estimate has remained unchanged over the last 30 days.

For the next fiscal year, the consensus earnings estimate of $11.77 indicates a change of +23.6% from what Owens Corning is expected to report a year ago. Over the past month, the estimate has remained unchanged.

With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Owens Corning.

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Projected Revenue GrowthEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.

For Owens Corning, the consensus sales estimate for the current quarter of $2.67 billion indicates a year-over-year change of -2.8%. For the current and next fiscal years, $9.93 billion and $10.34 billion estimates indicate -1.7% and +4.1% changes, respectively.

Last Reported Results and Surprise HistoryOwens Corning reported revenues of $2.27 billion in the last reported quarter, representing a year-over-year change of -10.5%. EPS of $1.22 for the same period compares with $2.97 a year ago.

Compared to the Zacks Consensus Estimate of $2.16 billion, the reported revenues represent a surprise of +5.04%. The EPS surprise was +20.79%.

Over the last four quarters, Owens Corning surpassed consensus EPS estimates three times. The company topped consensus revenue estimates two times over this period.

ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.

While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.

The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Owens Corning is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Owens Corning. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.

Owens Corning (OC +0.32%), a storied company though rarely an investor darling, was a popular stock on the exchange in the holiday-shortened trading week. That was traceable to a media report that stated the company had received a buyout offer. According to data compiled by S&P Global Market Intelligence, Owens Corning's equity zoomed almost 11% higher over the four-day stretch.

A big deal, if it's agreed Owens Corning, a construction supplies company perhaps best known for its pink residential insulation products, was the target of an unsolicited bid from industry peer Carlisle.

Image source: Getty Images.

That's the assertion of The Wall Street Journal, which published an article stating that Carlisle made a series of bids, at least one of which valued a deal at well over $10 billion. Citing unidentified "people familiar with the matter," the financial newspaper added that Owens Corning hasn't yet "engaged substantially" with its apparent suitor.

According to the article's sources, Carlisle was considering its next move in the effort. The WSJ said that its offers consisted of a mix of cash and stock.

Neither company has yet officially commented on the report.

Today's Change

(

0.32

%) $

0.48

Current Price

$

151.06

Potent combination On paper, it makes a great deal of sense to combine these two complementary businesses.

But if the article is accurate, Owens Corning could either be holding out for a higher price or shunning Carlisle entirely -- it recently retooled its business strategy, and management might be waiting for the change to take effect before evaluating the company's future. Given all that, I wouldn't trade into or out of Owens Corning on this speculation.

Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Carlisle Companies and Owens Corning. The Motley Fool has a disclosure policy.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.

Considering buying OC stock? Here’s what analysts think:

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In the latest close session, Owens Corning (OC - Free Report) was down 2.75% at $124.62. This change lagged the S&P 500's daily loss of 0.37%. Meanwhile, the Dow gained 0.29%, and the Nasdaq, a tech-heavy index, lost 1.33%.

The stock of construction materials company has risen by 9.13% in the past month, lagging the Construction sector's gain of 10.2% and overreaching the S&P 500's gain of 2.02%.

The upcoming earnings release of Owens Corning will be of great interest to investors. The company's earnings per share (EPS) are projected to be $3.02, reflecting a 28.27% decrease from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $2.66 billion, reflecting a 3.26% fall from the equivalent quarter last year.

For the full year, the Zacks Consensus Estimates are projecting earnings of $9.53 per share and revenue of $9.83 billion, which would represent changes of -20.91% and -2.67%, respectively, from the prior year.

It is also important to note the recent changes to analyst estimates for Owens Corning. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Right now, Owens Corning possesses a Zacks Rank of #3 (Hold).

In the context of valuation, Owens Corning is at present trading with a Forward P/E ratio of 13.45. This indicates a discount in contrast to its industry's Forward P/E of 18.8.

We can additionally observe that OC currently boasts a PEG ratio of 2.32. 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. As the market closed yesterday, the Building Products - Miscellaneous industry was having an average PEG ratio of 1.6.

The Building Products - Miscellaneous industry is part of the Construction sector. Currently, this industry holds a Zacks Industry Rank of 200, positioning it in the bottom 19% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual 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.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.

TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC) today announced that its Board of Directors has declared a quarterly cash dividend of $0.79 per common share. The dividend will be payable on August 6, 2026, to shareholders of record as of July 20, 2026.

Future dividend declarations will be made at the discretion of the Board of Directors and will be based on the company’s earnings, financial condition, cash requirements, future prospects, and other factors.

About Owens Corning

Owens Corning is a branded building products leader with three complementary market-leading businesses providing roofing, insulation, and doors primarily for residential markets in North America and Europe. The company operates with an integrated go-to-market strategy and a unique set of OC Advantages™ – including its iconic brand, unparalleled commercial strength, leading technology, and winning cost position – to help customers win and grow in the market. Owens Corning is committed to helping build better and achieve more through winning partnerships, leading performance, and engaging people. Founded in 1938 and headquartered in Toledo, Ohio, Owens Corning is listed on the New York Stock Exchange (NYSE: OC). For more information, visit www.owenscorning.com.

Owens Corning Company News / Owens Corning Investor Relations News

Owens Corning (OC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC) today announced that it has completed the sale of its glass reinforcements business to Praana Group. The transaction strengthens Owens Corning as a focused building products leader in North America and Europe and enhances the company's capital efficiency. The terms of the transaction remain as announced on April 15, 2026, with an enterprise value of $645 million and increased upfront cash proceeds that accelerate cash realization. Owens Co.

Toronto, Ontario--(Newsfile Corp. - May 4, 2026) - Olive Resource Capital Inc. (TSXV: OC) ("Olive" or the "Company") is pleased to provide investors an update on its investments for the period ending April 30, 2026. Table 1: Olive's Investment Portfolio Name Ticker Sector Category (Audited) Value (Unaudited) Value (Unaudited) Value Dec 31, 2025 (1) Mar 31, 2026 (1) Apr 30, 2026 (1) Omai Gold Mines Corp.(2) OMG.v Precious Metals Public Equity $3,504,200 $4,255,100 $5,806,960 Black Sheep Ventures Inc. Private Real Estate Private Equity & Conv.

Owens Corning (OC) came out with quarterly earnings of $1.22 per share, beating the Zacks Consensus Estimate of $1.01 per share. This compares to earnings of $2.97 per share a year ago.

Toronto, Ontario--(Newsfile Corp. - May 13, 2026) - Olive Resource Capital Inc. (TSXV: OC) ("Olive" or the "Company") is pleased to announce the release of its quarterly financial results for the period ended March 31, 2026. Highlights: As a result of strong investment performance Olive reported record Net Income of $1,172,226 or $0.01 per share for the period ended March 31, 2026.

Zacks.com users have recently been watching Owens Corning (OC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

LEWISTON, Idaho--(BUSINESS WIRE)-- #OwensCorning--Russell Quality Roofing donates new roof to Lewiston Navy veteran Patrick Santos Jr. through the Owens Corning Roof Deployment Project.

UP Fintech: Q1 Revenue and Client Assets Grow Steadily, Total Revenue Up 26.3% YoY PR Newswire NEW YORK, June 2,

Owens Corning (OC) reported earnings 30 days ago. What's next for the stock?

Carrier Global continues to pivot toward higher-margin climate solutions after divesting its fire and security businesses. Owens Corning remains a dominant player in residential roofing and insulation with significant exposure to North American housing markets.