- Owens Corning reported an adjusted EPS of $4.21 for the second quarter, surpassing the estimate of $3.81.
- Net sales for the quarter were $2.75 billion, exceeding the forecasted $2.7 billion.
- The insulation segment reported net sales of $934 million, above the expected $922.9 million.
- Roofing net sales reached $1.30 billion, outperforming the estimated $1.26 billion.
- CEO Brian Chambers highlighted the strength and resilience of Owens Corning‘s business despite challenging conditions, attributing success to structural changes and strategic decisions.
- Market analysts provided a consensus rating with 13 buys, 6 holds, and 1 sell for Owens Corning.
A look at Owens Corning Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 2 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Investment analysts at Smartkarma have evaluated Owens Corning‘s long-term outlook using their proprietary Smart Scores. Owens Corning, a company that produces building materials and engineered materials, has received a mixed assessment across different factors. While the company scored moderately on aspects like Value and Dividend, indicating some stability in these areas, it received lower scores in terms of Growth and Resilience, suggesting room for improvement. However, Owens Corning did receive a decent score in Momentum, hinting at positive market traction overall.
Owens Corning, a global provider of building and engineered materials, may face challenges in terms of growth and resilience based on the Smart Scores analysis. Despite its established presence in the industry, the company’s performance in these areas might require attention to enhance its long-term prospects. On the flip side, the momentum score hints at positive market sentiment, which could potentially drive Owens Corning forward in the coming years.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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