Owens Corning Earnings: What To Look For From OC
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Owens Corning, a building materials manufacturer, will report earnings this Wednesday. Last quarter, it missed revenue expectations with $2.68 billion, down 2.9% year-on-year. Analysts expect a 23.4% revenue decline this quarter. The company has struggled with revenue estimates, missing multiple times in the past two years. Peers like Builders FirstSource and Simpson have reported mixed results. Despite challenges, investor sentiment is positive, with Owens Corning's stock up 5.4% recently, and an average analyst price target of $137.69 against a current price of $128.98.
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