Owens Corning Third Quarter 2024 Earnings: EPS Misses Expectations

Simply Wall St.11-08

Owens Corning (NYSE:OC) Third Quarter 2024 Results Key Financial Results Revenue: US$3.05b (up 23% from 3Q 2023). Net income: US$321.0m (down 4.7% from 3Q 2023). Profit margin: 11% (down from 14% in ...

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The decrease in margin was driven by higher expenses.NYSE:OC Earnings and Revenue Growth November 8th 2024. All figures shown in the chart above are for the trailing 12 month  period. Revenue was in line with analyst estimates. Earnings per share  missed analyst estimates by 9.1%.Looking ahead, revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Building industry in the US.The company's shares are up 6.0% from a week ago.Before you take the next step you should know about the 2 warning signs for Owens Corning that we have uncovered.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"GLW":"康宁","OC":"欧文斯科宁"},"translate_title":"欧文斯科宁2024年第三季度收益：每股收益未达预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GLW":1,"OC":0.9},"content_text":"Owens Corning (NYSE:OC) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$3.05b (up 23% from 3Q 2023).\nNet income: US$321.0m (down 4.7% from 3Q 2023).\nProfit margin: 11% (down from 14% in 3Q 2023). The decrease in margin was driven by higher expenses.\nEPS: US$3.69 (down from US$3.74 in 3Q 2023).\n\n\n\n\n  NYSE:OC Earnings and Revenue Growth November 8th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nOwens Corning EPS Misses Expectations\n Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.1%. \n Looking ahead, revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Building industry in the US. \nPerformance of the American Building industry.\n The company's shares are up 6.0% from a week ago. \nRisk Analysis\n Before you take the next step you should know about the 2 warning signs for Owens Corning that we have uncovered. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary 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. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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