Wall Street expects a year-over-year decline in earnings on lower revenues when O-I Glass (OI - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on July 28, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis glass container manufacturer is expected to post quarterly earnings of $0.22 per share in its upcoming report, which represents a year-over-year change of -58.5%.
Revenues are expected to be $1.6 billion, down 6.5% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 3.85% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for O-I Glass?For O-I Glass, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination makes it difficult to conclusively predict that O-I Glass will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that O-I Glass would post earnings of $0.09 per share when it actually produced earnings of $0.05, delivering a surprise of -44.44%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
O-I Glass doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
PERRYSBURG, Ohio, July 09, 2026 (GLOBE NEWSWIRE) -- O-I Glass, Inc. (NYSE: OI) has scheduled its second quarter 2026 conference call and webcast for Wednesday, July 29, 2026, at 8 a.m. EDT. The Company’s news release for the second quarter 2026 earnings will be issued after the market closes on Tuesday, July 28.
What: O-I Conference Call and Webcast
Earnings presentation materials will also be posted on the O-I website, www.o-i.com/investors, when the earnings news release is issued.
When: Wednesday, July 29, 2026, at 8 a.m. EDT
Where: https://events.q4inc.com/attendee/734602619 or at www.o-i.com/investors, Events and Presentations page
The webcast will be archived at www.o-i.com/investors until July 2027.
ABOUT O-I GLASS
At O-I Glass, Inc. (NYSE: OI), we are proud to be one of the leading producers of glass bottles and jars around the globe. Glass is not only beautiful, it is also pure, healthy, and completely recyclable, making it the most sustainable rigid packaging material. Headquartered in Perrysburg, Ohio (USA), O-I is the preferred partner for many of the world’s leading food and beverage brands. We innovate in line with customers’ needs to create iconic packaging that builds brands around the world. Led by our diverse team of approximately 19,000 people across 61 plants in 18 countries, O-I achieved revenues of $6.4 billion in 2025. Learn more about us: o-i.com / Instagram / LinkedIn
Intercontinental Exchange, Inc. (NYSE: ICE), one of the world's leading providers of financial market technology and data powering global capital markets, today
PERRYSBURG, Ohio, April 01, 2026 (GLOBE NEWSWIRE) -- O-I Glass, Inc. (NYSE: OI) has scheduled its first quarter 2026 conference call and webcast for Wednesday, April 29, 2026, at 8 a.m. EDT. The Company’s news release for the first quarter 2026 earnings will be issued after the market closes on Tuesday, April 28.
What: O-I Conference Call and Webcast
Earnings presentation materials will also be posted on the O-I website, www.o-i.com/investors, when the earnings news release is issued.
When: Wednesday, April 29, 2026, at 8 a.m. EDT
Where: https://events.q4inc.com/attendee/136614099 or at www.o-i.com/investors, Events and Presentations page
The webcast will be archived at www.o-i.com/investors until April 2027.
ABOUT O-I GLASS
At O-I Glass, Inc. (NYSE: OI), we are proud to be one of the leading producers of glass bottles and jars around the globe. Glass is not only beautiful, it is also pure, healthy, and completely recyclable, making it the most sustainable rigid packaging material. Headquartered in Perrysburg, Ohio (USA), O-I is the preferred partner for many of the world’s leading food and beverage brands. We innovate in line with customers’ needs to create iconic packaging that builds brands around the world. Led by our diverse team of approximately 19,000 people across 61 plants in 18 countries, O-I achieved revenues of $6.4 billion in 2025. Learn more about us: o-i.com / Instagram / LinkedIn
O-I Glass, Inc. (NYSE:OI – Get Free Report) was the target of some unusual options trading activity on Wednesday. Stock investors purchased 2,354 call options on the company. This represents an increase of approximately 3,039% compared to the average volume of 75 call options.
Institutional Trading of O-I Glass Hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada grew its stake in O-I Glass by 33.9% during the 1st quarter. Royal Bank of Canada now owns 112,800 shares of the industrial products company’s stock worth $1,294,000 after buying an additional 28,548 shares during the last quarter. AQR Capital Management LLC lifted its stake in O-I Glass by 154.0% in the first quarter. AQR Capital Management LLC now owns 177,117 shares of the industrial products company’s stock valued at $1,993,000 after buying an additional 107,388 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of O-I Glass by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 92,151 shares of the industrial products company’s stock valued at $1,057,000 after acquiring an additional 4,055 shares during the period. United Services Automobile Association acquired a new position in shares of O-I Glass during the first quarter valued at $119,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of O-I Glass by 43.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 526,279 shares of the industrial products company’s stock worth $6,036,000 after acquiring an additional 160,649 shares during the last quarter. Institutional investors own 97.24% of the company’s stock.
O-I Glass Trading Up 1.2% O-I Glass stock opened at $10.64 on Thursday. O-I Glass has a 1 year low of $9.23 and a 1 year high of $16.91. The firm’s 50-day moving average is $13.28 and its 200-day moving average is $13.46. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.77 and a current ratio of 1.25. The company has a market cap of $1.62 billion, a P/E ratio of -12.67, a PEG ratio of 0.68 and a beta of 0.82.
O-I Glass (NYSE:OI – Get Free Report) last announced its quarterly earnings data on Tuesday, February 10th. The industrial products company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. O-I Glass had a negative net margin of 2.01% and a positive return on equity of 18.07%. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the prior year, the firm earned ($0.05) EPS. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. On average, equities analysts expect that O-I Glass will post 1.33 earnings per share for the current year.
Wall Street Analysts Forecast Growth OI has been the subject of a number of research reports. Robert W. Baird set a $20.00 price target on O-I Glass in a research note on Thursday, February 12th. Zacks Research cut O-I Glass from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 3rd. Wall Street Zen downgraded O-I Glass from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Citigroup decreased their target price on O-I Glass from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Thursday, February 12th. Finally, Wells Fargo & Company downgraded O-I Glass from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $18.00 to $13.00 in a report on Friday, March 20th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $17.56.
Get Our Latest Analysis on OI
O-I Glass Company Profile (Get Free Report)
O-I Glass, Inc is a leading global manufacturer of glass containers, supplying the food and beverage, wine and spirits, pharmaceutical, cosmetic and personal care industries. Headquartered in Perrysburg, Ohio, the company produces a broad range of glass packaging solutions, including bottles and jars, designed to meet customer specifications for size, shape, color and performance. O-I leverages proprietary technologies in forming, decoration and quality control to serve both mass-market and premium brands.
Tracing its origins to the early 20th century through the merger of prominent regional glassmakers, the company adopted the Owens-Illinois name in 1929 before rebranding as O-I Glass in 2015.
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Shares of O-I Glass, Inc. (NYSE:OI – Get Free Report) have been given a consensus rating of “Hold” by the ten ratings firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $16.7778.
Several research firms have issued reports on OI. Citigroup dropped their target price on O-I Glass from $16.00 to $12.00 and set a “neutral” rating on the stock in a research report on Monday. Weiss Ratings restated a “sell (d-)” rating on shares of O-I Glass in a research report on Thursday, January 22nd. Royal Bank Of Canada dropped their target price on O-I Glass from $19.00 to $18.00 and set an “outperform” rating on the stock in a research report on Thursday, February 26th. Wells Fargo & Company downgraded O-I Glass from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $18.00 to $13.00 in a research report on Friday, March 20th. Finally, Zacks Research downgraded O-I Glass from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 3rd.
View Our Latest Stock Report on OI
Institutional Investors Weigh In On O-I Glass Several institutional investors have recently made changes to their positions in OI. Farther Finance Advisors LLC lifted its position in shares of O-I Glass by 87.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,778 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 830 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of O-I Glass in the second quarter worth $29,000. Quarry LP purchased a new stake in shares of O-I Glass in the fourth quarter worth $32,000. Caitong International Asset Management Co. Ltd raised its position in shares of O-I Glass by 36,533.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,198 shares of the industrial products company’s stock worth $32,000 after buying an additional 2,192 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of O-I Glass by 64.1% in the second quarter. Smartleaf Asset Management LLC now owns 2,350 shares of the industrial products company’s stock worth $35,000 after buying an additional 918 shares in the last quarter. Hedge funds and other institutional investors own 97.24% of the company’s stock.
O-I Glass Price Performance Shares of NYSE OI opened at $10.83 on Wednesday. The stock has a fifty day simple moving average of $12.41 and a two-hundred day simple moving average of $13.32. O-I Glass has a 1-year low of $9.84 and a 1-year high of $16.91. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of -12.89, a price-to-earnings-growth ratio of 0.90 and a beta of 0.84. The company has a current ratio of 1.25, a quick ratio of 0.77 and a debt-to-equity ratio of 3.35.
O-I Glass (NYSE:OI – Get Free Report) last announced its quarterly earnings data on Tuesday, February 10th. The industrial products company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.01. O-I Glass had a positive return on equity of 18.07% and a negative net margin of 2.01%.The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same period in the prior year, the company earned ($0.05) earnings per share. O-I Glass’s revenue was down 1.9% compared to the same quarter last year. Analysts anticipate that O-I Glass will post 1.33 earnings per share for the current year.
O-I Glass Company Profile (Get Free Report)
O-I Glass, Inc is a leading global manufacturer of glass containers, supplying the food and beverage, wine and spirits, pharmaceutical, cosmetic and personal care industries. Headquartered in Perrysburg, Ohio, the company produces a broad range of glass packaging solutions, including bottles and jars, designed to meet customer specifications for size, shape, color and performance. O-I leverages proprietary technologies in forming, decoration and quality control to serve both mass-market and premium brands.
Tracing its origins to the early 20th century through the merger of prominent regional glassmakers, the company adopted the Owens-Illinois name in 1929 before rebranding as O-I Glass in 2015.
See Also Five stocks we like better than O-I Glass
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O-I Glass, Inc. (NYSE:OI – Get Free Report) was the recipient of a significant decrease in short interest in March. As of March 31st, there was short interest totaling 13,615,188 shares, a decrease of 13.8% from the March 15th total of 15,790,521 shares. Based on an average trading volume of 2,764,150 shares, the days-to-cover ratio is presently 4.9 days. Approximately 9.0% of the company’s stock are short sold.
Analysts Set New Price Targets Several equities analysts have recently issued reports on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of O-I Glass in a report on Thursday, January 22nd. Zacks Research downgraded shares of O-I Glass from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 3rd. UBS Group cut their price objective on shares of O-I Glass from $21.00 to $18.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Royal Bank Of Canada set a $14.00 price objective on shares of O-I Glass in a report on Friday. Finally, Wells Fargo & Company downgraded shares of O-I Glass from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $18.00 to $13.00 in a report on Friday, March 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, O-I Glass has a consensus rating of “Hold” and an average price target of $15.67.
View Our Latest Stock Analysis on O-I Glass
Institutional Inflows and Outflows A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its stake in shares of O-I Glass by 87.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,778 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 830 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of O-I Glass in the 2nd quarter worth $29,000. Quarry LP acquired a new stake in shares of O-I Glass in the 4th quarter worth $32,000. Caitong International Asset Management Co. Ltd increased its stake in shares of O-I Glass by 36,533.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,198 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 2,192 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in shares of O-I Glass by 64.1% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,350 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 918 shares during the last quarter. Hedge funds and other institutional investors own 97.24% of the company’s stock.
O-I Glass Trading Up 4.8% O-I Glass stock opened at $10.91 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.77 and a debt-to-equity ratio of 3.35. O-I Glass has a 12 month low of $9.84 and a 12 month high of $16.91. The stock’s 50 day simple moving average is $12.06 and its two-hundred day simple moving average is $13.27. The firm has a market cap of $1.67 billion, a PE ratio of -12.98, a P/E/G ratio of 0.87 and a beta of 0.84.
O-I Glass (NYSE:OI – Get Free Report) last announced its earnings results on Tuesday, February 10th. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.52 billion. O-I Glass had a positive return on equity of 18.07% and a negative net margin of 2.01%.The business’s revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the firm posted ($0.05) EPS. Analysts anticipate that O-I Glass will post 1.33 earnings per share for the current year.
O-I Glass Company Profile (Get Free Report)
O-I Glass, Inc is a leading global manufacturer of glass containers, supplying the food and beverage, wine and spirits, pharmaceutical, cosmetic and personal care industries. Headquartered in Perrysburg, Ohio, the company produces a broad range of glass packaging solutions, including bottles and jars, designed to meet customer specifications for size, shape, color and performance. O-I leverages proprietary technologies in forming, decoration and quality control to serve both mass-market and premium brands.
Tracing its origins to the early 20th century through the merger of prominent regional glassmakers, the company adopted the Owens-Illinois name in 1929 before rebranding as O-I Glass in 2015.
Read More Five stocks we like better than O-I Glass Receive News & Ratings for O-I Glass Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for O-I Glass and related companies with MarketBeat.com's FREE daily email newsletter.
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The market expects O-I Glass (OI - Free Report) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on April 28, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis glass container manufacturer is expected to post quarterly earnings of $0.09 per share in its upcoming report, which represents a year-over-year change of -77.5%.
Revenues are expected to be $1.43 billion, down 8.8% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 9.9% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for O-I Glass?For O-I Glass, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +50.00%.
On the other hand, the stock currently carries a Zacks Rank of #4.
So, this combination makes it difficult to conclusively predict that O-I Glass will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that O-I Glass would post earnings of $0.19 per share when it actually produced earnings of $0.20, delivering a surprise of +5.26%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
O-I Glass doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
An Industry Player's Expected ResultsAnother stock from the Zacks Glass Products industry, Apogee Enterprises (APOG - Free Report) , is soon expected to post earnings of $0.89 per share for the quarter ended March 2026. This estimate indicates no change from the year-ago quarter. Revenues for the quarter are expected to be $336.61 million, down 2.6% from the year-ago quarter.
The consensus EPS estimate for Apogee Enterprises has been revised 19% lower over the last 30 days to the current level. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -1.70%.
When combined with a Zacks Rank of #3 (Hold), this Earnings ESP makes it difficult to conclusively predict that Apogee Enterprises will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates two times.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Perrysburg, Ohio, April 28, 2026 (GLOBE NEWSWIRE) -- O-I Glass, Inc. (NYSE: OI) today announced its financial results for the first-quarter ended March 31, 2026.
Please follow the links below to view the documents containing our first quarter 2026 earnings materials.
O-I Glass First Quarter 2026 Earning Release and Financial Tables
O-I Glass First Quarter 2026 Earnings Presentation
O-I CEO Gordon Hardie and CFO John Haudrich will conduct a conference call to discuss the company’s latest results on Wednesday, April 29, 2026, at 8:00 a.m. ET. A live webcast of the conference call, including presentation materials, will be available on the O-I website, www.o-i.com/investors, in the Events and Presentations section. A replay of the call will be available on the website for a year following the event.
ABOUT O-I GLASS
At O-I Glass, Inc. (NYSE: OI), we are proud to be one of the leading producers of glass bottles and jars around the globe. Glass is not only beautiful, it is also pure, healthy, and completely recyclable, making it the most sustainable rigid packaging material. Headquartered in Perrysburg, Ohio (USA), O-I is the preferred partner for many of the world’s leading food and beverage brands. We innovate in line with customers’ needs to create iconic packaging that builds brands around the world. Led by our diverse team of approximately 19,000 people across 61 plants in 18 countries, O-I achieved revenues of $6.4 billion in 2025. Learn more about us: o-i.com / Instagram / LinkedIn
On April 28, 2026, O-I Glass Inc OI shares fell 3.3%, closing at $10.24. The stock has experienced significant volatility, trading within a 52-week range of $9.84 to $16.91.
GF Value™ verdict: Current price of $10.24 is 25.3% below the GF Value™ of $13.70. GF Score™ of 71/100 indicates an above-average rating. Most notable signal: No insider transactions in the last 3 months. Is OI Overvalued or Undervalued? With a current share price of $10.24, O-I Glass Inc is trading 25.3% below its GF Value™ of $13.70. This indicates the stock is undervalued, presenting a potential opportunity for investors looking for bargains in the market. The GF Valuation label describes the stock as "Modestly Undervalued," suggesting that there is a margin of safety available for potential buyers. However, caution is warranted as the company has a financial strength rating of 4/10, which indicates a moderate level of risk associated with its financial stability.
GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. Therefore, while the current price suggests an opportunity, the financial metrics must be carefully evaluated to ensure that the investment aligns with individual risk profiles.
How Does OI's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 6.1x 6.4x The current forward P/E of 6.1x is slightly below the 5-year median P/E of 6.4x, indicating that O-I Glass Inc is trading below its historical valuation metrics. This analysis aligns with the GF Value™ verdict, reinforcing the conclusion that OI is currently undervalued based on its historical performance.
What Does OI's GF Score™ Tell Us? Metric Rating GF Score™ 71 Financial Strength 4/10 Profitability 6/10 Growth 3/10 Valuation 8/10 Momentum 5/10 The GF Score™ of 71/100 suggests that O-I Glass Inc is positioned relatively well compared to other stocks. The strongest aspect of the score is the Valuation rank of 8/10, indicating that the stock is a good value at current prices. However, the weakest area is the Growth rank of 3/10, which highlights concerns regarding the company’s growth potential going forward. This mixed score suggests that while the stock is undervalued, the path to achieving its intrinsic value may be challenged by slower growth prospects.
What Are Insiders Doing with OI Stock? In the last three months, there have been no insider transactions for O-I Glass Inc. This lack of activity could indicate that insiders are either confident in the company's current direction or are waiting for more favorable conditions to make their moves. The absence of insider buying could be interpreted as a lack of conviction in the near-term performance of the stock, suggesting investors should consider this factor as part of their overall assessment.
What This Means for Investors Based on the GF Value™ of $13.70 and the current trading price of $10.24, O-I Glass Inc is considered undervalued. This may present an opportunity for potential investors looking to enter the stock at a lower price point. However, considerations regarding financial stability, growth potential, and insider confidence are essential before making any investment decisions.
For the complete analysis, visit the O-I Glass Inc OI stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is OI's GF Score™?
OI has a GF Score™ of 71/100, indicating an above-average rating and a potential for generating higher long-term returns based on its historical performance.
Is OI overvalued or undervalued?
OI is currently undervalued, with a GF Value™ of $13.70 compared to its current price of $10.24, representing a 25.3% margin of safety.
What is OI's P/E ratio?
OI's forward P/E ratio is 6.1x, which is slightly below its 5-year median P/E of 6.4x, indicating that the stock is trading below its historical valuation metrics.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
O-I Glass (OI - Free Report) came out with quarterly earnings of $0.05 per share, missing the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.4 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -46.41%. A quarter ago, it was expected that this glass container manufacturer would post earnings of $0.19 per share when it actually produced earnings of $0.2, delivering a surprise of +5.26%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
O-I Glass, which belongs to the Zacks Glass Products industry, posted revenues of $1.54 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 7.77%. This compares to year-ago revenues of $1.57 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
O-I Glass shares have lost about 28.3% since the beginning of the year versus the S&P 500's gain of 4.8%.
What's Next for O-I Glass?While O-I Glass has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for O-I Glass was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.46 on $1.66 billion in revenues for the coming quarter and $1.64 on $6.23 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Glass Products is currently in the bottom 12% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Deere (DE - Free Report) , another stock in the broader Zacks Industrial Products sector, has yet to report results for the quarter ended April 2026. The results are expected to be released on May 21.
This agricultural equipment manufacturer is expected to post quarterly earnings of $5.81 per share in its upcoming report, which represents a year-over-year change of -12.5%. The consensus EPS estimate for the quarter has been revised 0% lower over the last 30 days to the current level.
Deere's revenues are expected to be $11.44 billion, up 2.4% from the year-ago quarter.
O-I Glass (OI - Free Report) reported $1.54 billion in revenue for the quarter ended March 2026, representing a year-over-year decline of 1.7%. EPS of $0.05 for the same period compares to $0.40 a year ago.
The reported revenue represents a surprise of +7.77% over the Zacks Consensus Estimate of $1.43 billion. With the consensus EPS estimate being $0.09, the EPS surprise was -46.41%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how O-I Glass performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Geographic Revenue- Americas: $871 million versus $809.07 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -0.2% change.Geographic Revenue- Europe: $655 million compared to the $594.54 million average estimate based on two analysts. The reported number represents a change of -1.8% year over year.Net Sales- Other: $14 million compared to the $25.33 million average estimate based on two analysts. The reported number represents a change of -48.2% year over year.View all Key Company Metrics for O-I Glass here>>>
Shares of O-I Glass have returned +3.9% over the past month versus the Zacks S&P 500 composite's +12.8% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
SAN DIEGO, April 29, 2026 (GLOBE NEWSWIRE) -- Johnson Fistel, PLLP is investigating potential claims on behalf of investors of O-I Glass, Inc. (NYSE: OI). The investigation focuses on O-I Glass’s executive officers and whether investor losses may be recovered under federal securities laws.
What if I purchased O-I Glass securities?
If you purchased O-I Glass securities and suffered losses on your investment, join our investigation now: Click here to join the investigation.
Or for more information, contact Jim Baker at [email protected] or (619) 814-4471.
There is no cost or obligation to you.
Background of the investigation
On April 28, 2026, O-I Glass, Inc. reported its first quarter 2026 financial results. Among other things, the Company disclosed that its performance fell short of expectations, particularly in its European segment, where profitability declined significantly, with segment profit decreasing to approximately $0 from $68 million in the prior year period and segment margins declining from 10.2% to 0.0%.
In addition, O-I Glass lowered its full-year 2026 outlook, reducing its expected adjusted earnings per share to a range of $1.00 to $1.50, down from prior guidance of $1.65 to $1.90. The Company also reduced its adjusted EBITDA guidance and lowered its expectations for free cash flow. The Company attributed the weaker performance, in part, to increased energy costs and additional net pricing pressure in Europe.
Following this disclosure, O-I Glass’s stock price declined approximately 20%, damaging investors.
In light of this disclosure, Johnson Fistel is investigating whether O-I Glass complied with the federal securities laws. If you suffered losses from your investment in O-I Glass stock, contact Johnson Fistel.
About Johnson Fistel, PLLP | Securities Fraud & Investor Rights
Johnson Fistel, PLLP is a nationally recognized shareholder-rights law firm with offices in California, New York, Georgia, Idaho, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits and also assists foreign investors who purchased shares on U.S. exchanges. To learn more, visit www.johnsonfistel.com.
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James Baker, Investor Relations – or – Frank J. Johnson, Esq.
(619) 814-4471 | [email protected] | [email protected]
PERRYSBURG, Ohio, May 04, 2026 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE
O-I Glass, Inc. (the “Company”) announced that Owens-Brockway Glass Container Inc. (“OBGC”), an indirect wholly owned subsidiary of the Company, intends to offer, subject to market and other conditions, $500 million aggregate principal amount of its senior notes due 2033 (the “Notes”) in a private offering (the “Offering”) to eligible purchasers under Rule 144A and Regulation S of the U.S. Securities Act of 1933, as amended (the “Securities Act”). OBGC’s obligations under the Notes will be guaranteed on a joint and several basis by Owens-Illinois Group, Inc. (“OI Group”) and certain U.S. domestic subsidiaries of OI Group that are guarantors under OI Group’s credit agreement.
OBGC expects to use the net proceeds from the Offering, together with borrowings under the Company’s revolving credit facility and cash on hand, to redeem all of OBGC’s outstanding 6.625% Senior Notes due 2027 (the “2027 OBGC Notes”).
The Notes and the guarantees have not been registered under the Securities Act, or applicable state securities laws, and will be offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act and to certain non-U.S. persons in transactions outside the United States in reliance on Regulation S under the Securities Act. Unless so registered, the Notes and the guarantees may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act and applicable state securities laws. Prospective purchasers that are qualified institutional buyers are hereby notified that the seller of the Notes may be relying on the exemption from the provisions of Section 5 of the Securities Act provided by Rule 144A.
The information contained in this news release is for informational purposes only and shall not constitute a notice of redemption for the 2027 OBGC Notes or an offer to sell or the solicitation of an offer to buy the 2027 OBGC Notes, the Notes or the guarantees, nor shall there be any sale of the Notes and the guarantees in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
About O-I Glass
At O-I Glass, Inc. (NYSE: OI), we love glass and we’re proud to be one of the leading producers of glass bottles and jars around the globe. Glass is not only beautiful, it’s also pure and completely recyclable, making it the most sustainable rigid packaging material. Headquartered in Perrysburg, Ohio (USA), O-I is the preferred partner for many of the world’s leading food and beverage brands. We innovate in line with customers’ needs to create iconic packaging that builds brands around the world. Led by our diverse team of approximately 19,000 people across 61 plants in 18 countries, O-I achieved net sales of $6.4 billion in 2025.
Forward-Looking Statements
This press release contains “forward-looking” statements related to the Company within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and Section 27A of the Securities Act. Forward-looking statements reflect the Company’s current expectations and projections about future events at the time, and thus involve uncertainty and risk. The words “believe,” “expect,” “anticipate,” “will,” “could,” “would,” “should,” “may,” “plan,” “estimate,” “intend,” “predict,” “potential,” “continue,” “target,” “commit” and the negatives of these words and other similar expressions generally identify forward-looking statements.
It is possible that the Company’s future financial performance may differ from expectations due to a variety of factors including, but not limited to the following: (1) the Company’s ability to achieve expected benefits from cost management, efficiency improvements, and profitability initiatives, such as its Fit to Win initiative, including expected impacts from production curtailments, reduction in force and furnace closures, (2) the general credit, financial, political, economic, legal and competitive conditions in markets and countries where the Company has operations, including uncertainties related to economic and social conditions, trade policies and disputes, financial market conditions, disruptions in the supply chain, competitive pricing pressures, inflation or deflation, changes in tax rates, changes in laws or policies, legal proceedings involving the Company, war, civil disturbance or acts of terrorism, natural disasters, public health issues and weather, (3) cost and availability of raw materials, labor, energy and transportation (including impacts related to the current conflicts in the Middle East and between Russia and Ukraine and disruptions in supply of raw materials caused by transportation delays), (4) competitive pressures from other glass container producers and alternative forms of packaging or consolidation among competitors and customers, (5) changes in consumer preferences or customer inventory management practices, (6) the continuing consolidation of the Company’s customer base, (7) risks related to the development, deployment and use of artificial intelligence technologies, (8) the Company’s inability to improve glass melting technology in a cost-effective manner and introduce productivity, process and network optimization actions, (9) unanticipated supply chain and operational disruptions, including higher capital spending, (10) seasonality of customer demand, (11) the failure of the Company’s joint venture partners to meet their obligations or commit additional capital to the joint venture, (12) labor shortages, labor cost increases or strikes, (13) the Company’s ability to acquire or divest businesses, acquire and expand plants, integrate operations of acquired businesses and achieve expected benefits from acquisitions, divestitures or expansions, (14) the Company’s ability to generate sufficient future cash flows to ensure the Company’s goodwill is not impaired, (15) any increases in the underfunded status of the Company’s pension plans, (16) any failure or disruption of the Company’s information technology, or those of third parties on which the Company relies, or any cybersecurity or data privacy incidents affecting the Company or its third-party service providers, (17) risks related to the Company’s indebtedness or changes in capital availability or cost, including interest rate fluctuations and the ability of the Company to generate cash to service indebtedness and refinance debt on favorable terms, (18) risks associated with operating in foreign countries, (19) foreign currency fluctuations relative to the U.S. dollar, (20) changes in tax laws or global trade policies, (21) the Company’s ability to comply with various environmental legal requirements, (22) risks related to recycling and recycled content laws and regulations, (23) risks related to climate-change and air emissions, including related laws or regulations and increased ESG scrutiny and changing expectations from stakeholders and (24) the other risk factors discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 and any subsequently filed Quarterly Reports on Form 10-Q or the Company’s other filings with the Securities and Exchange Commission.
It is not possible to foresee or identify all such factors. Any forward-looking statements in this press release are based on certain assumptions and analyses made by the Company in light of its experience and perception of historical trends, current conditions, expected future developments, and other factors it believes are appropriate in the circumstances. Forward-looking statements are not a guarantee of future performance and actual results, or developments may differ materially from expectations. While the Company continually reviews trends and uncertainties affecting the Company’s results of operations and financial condition, the Company does not assume any obligation to update or supplement any particular forward-looking statements contained in this press release.
SOURCE: O-I Glass, Inc.
Owens-Brockway Glass Container Inc. Launches $500 Million Senior Notes Offering
PERRYSBURG, Ohio, May 04, 2026 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE
O-I Glass, Inc. (the “Company”) announced that Owens-Brockway Glass Container Inc. (“OBGC”), an indirect wholly owned subsidiary of the Company, priced a private offering (the “Offering”) of $500 million aggregate principal amount of its 9.500% senior notes due 2033 (the “Notes”) at par. The net proceeds to OBGC from the Offering are expected to be approximately $495 million, after deducting commissions but before offering expenses payable by OBGC. OBGC’s obligations under the Notes will be guaranteed on a joint and several basis by Owens-Illinois Group, Inc. (“OI Group”) and certain U.S. domestic subsidiaries of OI Group that are guarantors under OI Group’s credit agreement. The Offering is expected to close on May 18, 2026, subject to the satisfaction of customary closing conditions.
OBGC expects to use the net proceeds from the Offering, together with borrowings under the Company’s revolving credit facility and cash on hand, to redeem all of OBGC’s outstanding 6.625% Senior Notes due 2027 (the “2027 OBGC Notes”).
The Notes and the guarantees have not been registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or applicable state securities laws, and are being offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act and to certain non-U.S. persons in transactions outside the United States in reliance on Regulation S under the Securities Act. Unless so registered, the Notes and the guarantees may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act and applicable state securities laws. Prospective purchasers that are qualified institutional buyers are hereby notified that the seller of the Notes may be relying on the exemption from the provisions of Section 5 of the Securities Act provided by Rule 144A.
The information contained in this news release is for informational purposes only and shall not constitute a notice of redemption for the 2027 OBGC Notes or an offer to sell or the solicitation of an offer to buy the 2027 OBGC Notes, the Notes or the guarantees, nor shall there be any sale of the Notes and the guarantees in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
About O-I Glass
At O-I Glass, Inc. (NYSE: OI), we love glass and we’re proud to be one of the leading producers of glass bottles and jars around the globe. Glass is not only beautiful, it’s also pure and completely recyclable, making it the most sustainable rigid packaging material. Headquartered in Perrysburg, Ohio (USA), O-I is the preferred partner for many of the world’s leading food and beverage brands. We innovate in line with customers’ needs to create iconic packaging that builds brands around the world. Led by our diverse team of approximately 19,000 people across 61 plants in 18 countries, O-I achieved net sales of $6.4 billion in 2025.
Forward-Looking Statements
This press release contains “forward-looking” statements related to the Company within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and Section 27A of the Securities Act. Forward-looking statements reflect the Company’s current expectations and projections about future events at the time, and thus involve uncertainty and risk. The words “believe,” “expect,” “anticipate,” “will,” “could,” “would,” “should,” “may,” “plan,” “estimate,” “intend,” “predict,” “potential,” “continue,” “target,” “commit” and the negatives of these words and other similar expressions generally identify forward-looking statements.
It is possible that the Company’s future financial performance may differ from expectations due to a variety of factors including, but not limited to the following: (1) the Company’s ability to achieve expected benefits from cost management, efficiency improvements, and profitability initiatives, such as its Fit to Win initiative, including expected impacts from production curtailments, reduction in force and furnace closures, (2) the general credit, financial, political, economic, legal and competitive conditions in markets and countries where the Company has operations, including uncertainties related to economic and social conditions, trade policies and disputes, financial market conditions, disruptions in the supply chain, competitive pricing pressures, inflation or deflation, changes in tax rates, changes in laws or policies, legal proceedings involving the Company, war, civil disturbance or acts of terrorism, natural disasters, public health issues and weather, (3) cost and availability of raw materials, labor, energy and transportation (including impacts related to the current conflicts in the Middle East and between Russia and Ukraine and disruptions in supply of raw materials caused by transportation delays), (4) competitive pressures from other glass container producers and alternative forms of packaging or consolidation among competitors and customers, (5) changes in consumer preferences or customer inventory management practices, (6) the continuing consolidation of the Company’s customer base, (7) risks related to the development, deployment and use of artificial intelligence technologies, (8) the Company’s inability to improve glass melting technology in a cost-effective manner and introduce productivity, process and network optimization actions, (9) unanticipated supply chain and operational disruptions, including higher capital spending, (10) seasonality of customer demand, (11) the failure of the Company’s joint venture partners to meet their obligations or commit additional capital to the joint venture, (12) labor shortages, labor cost increases or strikes, (13) the Company’s ability to acquire or divest businesses, acquire and expand plants, integrate operations of acquired businesses and achieve expected benefits from acquisitions, divestitures or expansions, (14) the Company’s ability to generate sufficient future cash flows to ensure the Company’s goodwill is not impaired, (15) any increases in the underfunded status of the Company’s pension plans, (16) any failure or disruption of the Company’s information technology, or those of third parties on which the Company relies, or any cybersecurity or data privacy incidents affecting the Company or its third-party service providers, (17) risks related to the Company’s indebtedness or changes in capital availability or cost, including interest rate fluctuations and the ability of the Company to generate cash to service indebtedness and refinance debt on favorable terms, (18) risks associated with operating in foreign countries, (19) foreign currency fluctuations relative to the U.S. dollar, (20) changes in tax laws or global trade policies, (21) the Company’s ability to comply with various environmental legal requirements, (22) risks related to recycling and recycled content laws and regulations, (23) risks related to climate-change and air emissions, including related laws or regulations and increased ESG scrutiny and changing expectations from stakeholders and (24) the other risk factors discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 and any subsequently filed Quarterly Reports on Form 10-Q or the Company’s other filings with the Securities and Exchange Commission.
It is not possible to foresee or identify all such factors. Any forward-looking statements in this press release are based on certain assumptions and analyses made by the Company in light of its experience and perception of historical trends, current conditions, expected future developments, and other factors it believes are appropriate in the circumstances. Forward-looking statements are not a guarantee of future performance and actual results, or developments may differ materially from expectations. While the Company continually reviews trends and uncertainties affecting the Company’s results of operations and financial condition, the Company does not assume any obligation to update or supplement any particular forward-looking statements contained in this press release.
SOURCE: O-I Glass, Inc.
Owens-Brockway Glass Container Inc. Announces Pricing of Senior Notes Offering
It has been about a month since the last earnings report for O-I Glass (OI - Free Report) . Shares have added about 6.5% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is O-I Glass due for a pullback? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent catalysts for O-I Glass, Inc. before we dive into how investors and analysts have reacted as of late.
O-I Glass Q1 Earnings Miss on Europe Weakness and Energy ResetO-I Glass posted first-quarter 2026 adjusted earnings of 5 cents per share, missing the Zacks Consensus Estimate of 9 cents by 44.4%. Results also fell sharply from 40 cents a year ago.
Net sales were $1.54 billion, edging down 1.7% year over year, but beating the consensus mark of $1.43 billion by 7.8%. Shipments declined 8%, with a tougher operating backdrop in Europe as energy costs stepped up and price competition intensified.
On an adjusted basis, segment operating profit declined to $142 million from $209 million a year ago. The downside was driven by near-term European challenges and the reset in energy costs despite steadier conditions in the Americas.
O-I Glass’ Segment Performances in Q2Americas net sales were $871 million in the first quarter of 2026, essentially flat with $873 million in the prior-year period. Favorable currency translation and net price benefits were offset by lower sales volume and mix.
Segment operating profit in the Americas was $142 million versus $141 million a year ago, with segment margin holding at 16.3% compared with 16.2%. The bridge provided by the company showed gains from price and currency that were largely counterbalanced by volume, mix and operating cost pressures.
Europe net sales came in at $655 million, down from $667 million in the year-ago quarter. The company cited favorable currency translation that partially offset lower selling prices, along with a high-single-digit volume decline tied to softer wine demand in Southern Europe. Europe segment operating profit fell to breakeven from $68 million a year ago.
OI Revises 2026 Guidance as Energy Inflation BuildsReflecting the changed cost backdrop, OI revised its full-year 2026 outlook. The company now expects adjusted earnings per share of $1.00-$1.50, down from its prior view of $1.65-$1.90, primarily due to higher global energy costs linked to conflicts in the Middle East and additional net price pressure in Europe.
O-I also updated its expectations for adjusted EBITDA to $1.12-$1.22 billion compared with the earlier $1.25-$1.30 billion. Free cash flow is now projected at $50-$150 million compared with roughly $200 previously, with the company noting that its energy management practices are expected to limit further exposure and cover 75%-80% of 2026 European gas needs.
How Have Estimates Been Moving Since Then?Since the earnings release, investors have witnessed a downward trend in estimates review.
The consensus estimate has shifted -36.26% due to these changes.
VGM ScoresCurrently, O-I Glass has a subpar Growth Score of D, though it is lagging a bit on the Momentum Score front with an F. However, the stock was allocated a grade of A on the value side, putting it in the top 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. It's no surprise O-I Glass has a Zacks Rank #5 (Strong Sell). We expect a below average return from the stock in the next few months.
Performance of an Industry PlayerO-I Glass is part of the Zacks Glass Products industry. Over the past month, Apogee Enterprises (APOG - Free Report) , a stock from the same industry, has gained 5.6%. The company reported its results for the quarter ended February 2026 more than a month ago.
Apogee Enterprises reported revenues of $351.35 million in the last reported quarter, representing a year-over-year change of +1.6%. EPS of $0.92 for the same period compares with $0.89 a year ago.
Apogee Enterprises is expected to post earnings of $0.43 per share for the current quarter, representing a year-over-year change of -23.2%. Over the last 30 days, the Zacks Consensus Estimate has changed -11.3%.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #4 (Sell) for Apogee Enterprises. Also, the stock has a VGM Score of A.
PERRYSBURG, Ohio, June 04, 2026 (GLOBE NEWSWIRE) -- O-I Glass, Inc. (“O-I Glass” or “O-I”) today announced the Company will participate in Wells Fargo 16th Annual Industrials and Materials Conference on Wednesday, June 10, 2026.
O-I Glass Chief Executive Officer Gordon Hardie and Chief Financial Officer John Haudrich will present at 11:00 a.m. CT.
A live webcast of the presentation will be available at https://event.summitcast.com/view/QCgpAyoWWxBHCfAopjr3F6/V7k3FG4MjMxCC8DQsPwVgM or can be accessed on the Company’s Investor Relations website, www.o-i.com/investors, Events and Presentations page.
The replay will be available through the above link within 24 hours of the presentation and will be archived for 90 days following the completion of the conference.
ABOUT O-I GLASS
At O-I Glass, Inc. (NYSE: OI), we are proud to be one of the leading producers of glass bottles and jars around the globe. Glass is not only beautiful, it is also pure, healthy, and completely recyclable, making it the most sustainable rigid packaging material. Headquartered in Perrysburg, Ohio (USA), O-I is the preferred partner for many of the world’s leading food and beverage brands. We innovate in line with customers’ needs to create iconic packaging that builds brands around the world. Led by our diverse team of approximately 19,000 people across 61 plants in 18 countries, O-I achieved revenues of $6.4 billion in 2025. Learn more about us: o-i.com / Instagram / LinkedIn
