Owens Corning Inc (OC) Hit a 52 Week High, Can the Run Continue?

Logo NasdaqNasdaq
2023-06-09 13:15:02  • 5 mins

Have you been paying attention to shares of Owens Corning (OC)? Shares have been on the move with the stock up 12.5% over the past month. The stock hit a new 52-week high of $119.15 in the previous session. Owens Corning has gained 38.5% since the start of the year compared to the 20.7% move for the Zacks Construction sector and the 20.8% return for the Zacks Building Products - Miscellaneous industry.

What's Driving the Outperformance?

The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on April 26, 2023, Owens Corning reported EPS of $2.77 versus consensus estimate of $2.2.

For the current fiscal year, Owens Corning is expected to post earnings of $10.52 per share on $9.27 billion in revenues. This represents a -18.32% change in EPS on a -5.05% change in revenues. For the next fiscal year, the company is expected to earn $11.07 per share on $9.39 billion in revenues. This represents a year-over-year change of 5.26% and 1.35%, respectively.

Continue read on nasdaq.com

For Immediate Release Chicago, IL September 26, 2023 Stocks in this weeks article are Constellation Brands, Inc. STZ, Owens Corning OC, Belden Inc. BDC,...
Logo NasdaqNasdaq
2023-09-26 12:24:00  • 1 min
Corn is back to UNCH to 1 cents lower in early Tuesday futures trading after giving back overnight gains. The back and forth Tuesday session so far has seen...
Logo NasdaqNasdaq
2023-09-26 12:12:59  • 2 mins
Investors seem to have lost their conviction in the stock market lately, as even brief attempts to rebound from declines have met with stiff resistance. For...
Logo NasdaqNasdaq
2023-09-26 13:10:25  • 1 min
The morning cotton market is working back 34 to 67 points lower so far for a turnaround Tuesday session. Cotton rallied sharply on Monday, with 115 to 226...
Logo NasdaqNasdaq
2023-09-26 12:12:59  • 1 min
If e-commerce stocks are making a comeback this year, somebody forgot to tell Etsy (NASDAQ: ETSY). While peers like Amazon, Wayfair, and Shopify have seen...
Logo NasdaqNasdaq
2023-09-26 14:31:00  • 1 min
If you're looking for volatile stocks that can deliver dramatic gains in a short amount of time, there are some names in the healthcare sector that Wall...
Logo NasdaqNasdaq
2023-09-26 11:07:00  • 2 mins
Fintel reports that on September 26, 2023, Argus Research reiterated coverage of Booking Holdings ( NASDAQ:BKNG ) with a Buy recommendation. Analyst Price...
Logo NasdaqNasdaq
2023-09-27 01:38:31  • 1 min
What happened The United Auto Workers (UAW) strike is spreading and deepening, and a very prominent ally has joined the union's side. On Tuesday, the share...
Logo NasdaqNasdaq
2023-09-26 22:09:34  • 1 min
Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: JAKKS Pacific, Inc. JAKK : This company which develops, produces, markets, sells,...
Logo NasdaqNasdaq
2023-09-26 11:15:00  • 1 min
Aurora Cannabis (NASDAQ: ACB) shareholders are thirsty for some good news. The company's shares are trading down around 88% over the last three years. That's...
Logo NasdaqNasdaq
2023-09-26 14:20:47  • 2 mins
Energy stocks were lower late Tuesday afternoon, with the NYSE Energy Sector Index decreasing 0.9% and the Energy Select Sector SPDR Fund (XLE) shedding...
Logo NasdaqNasdaq
2023-09-26 19:38:31  • 1 min
Technology stocks were mixed pre-bell Tuesday, with the Technology Select Sector SPDR Fund ( XLK ) down 0.6% and the SPDR S&P Semiconductor ETF (XSD)...
Logo NasdaqNasdaq
2023-09-26 13:10:02  • 1 min
In early trading on Tuesday, shares of Intel topped the list of the day's best performing Dow Jones Industrial Average components, trading up 1.1%. Year to...
Logo NasdaqNasdaq
2023-09-26 14:45:31  • 1 min
Wheat futures continue to adjust the spreads amongst the classes. Chicago prices were fractionally to 2 cents higher on the day, while the hard reds faded....
Logo NasdaqNasdaq
2023-09-26 22:09:36  • 1 min
The all-electric 4-door Convertible GT Fisker Ronin is revealed during its inaugural "Product Vision Day" in Huntington Beach, California, on August 3, 2023....
2023-09-26 12:18:20  • 1 min
In trading on Tuesday, grocery & drug stores shares were relative laggards, down on the day by about 2.6%. Helping drag down the group were shares of...
Logo NasdaqNasdaq
2023-09-26 16:51:38  • 1 min
In trading on Tuesday, shares of Entegris Inc (Symbol: ENTG) crossed below their 200 day moving average of $88.85, changing hands as low as $88.08 per share....
Logo NasdaqNasdaq
2023-09-26 21:53:02  • 1 min
In trading on Tuesday, shares of Matthews International Corp (Symbol: MATW) crossed below their 200 day moving average of $38.91, changing hands as low as...
Logo NasdaqNasdaq
2023-09-26 20:34:24  • 1 min
In trading on Tuesday, shares of the USSG ETF (Symbol: USSG) entered into oversold territory, changing hands as low as $39.3787 per share. We define oversold...
Logo NasdaqNasdaq
2023-09-26 21:28:14  • 1 min
Corn ended the day down by a penny to 1 cents across the front months after a back and forth Tuesday session. December futures printed a 7c range on the day...
Logo NasdaqNasdaq
2023-09-26 22:09:35  • 1 min