| (USD) | Mar 2024 | Q/Q |
|---|---|---|
| Revenue | 2.3B | -0% |
| Gross Profit | 680MM | +11% |
| Cost Of Revenue | 1.6B | -4% |
| Operating Income | 403MM | +22% |
| Operating Expenses | 277MM | -3% |
| Net Income | 299MM | - |
| R&D | 31MM | -18% |
| Amortization | 16MM | -33% |
| Interest Expense | 17MM | +21% |
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
FinraMoving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available.
Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. According to Wilder, RSI is considered overbought when above 70 and oversold when below 30.
While the top- and bottom-line numbers for Owens Corning (OC) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Detailed Analysis of Owens-Corning's First Quarter Financial Performance
TOLEDO, Ohio, April 24, 2024--Owens Corning (NYSE: OC), a global building and construction materials leader, today reported first-quarter 2024 results.
Owens Corning (OC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Owens Corning (OC) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Here is how Owens Corning (OC) and Sterling Infrastructure (STRL) have performed compared to their sector so far this year.
Evaluate the expected performance of Owens Corning (OC) for the quarter ended March 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
JD.com, Owens Corning, Royal Caribbean Cruises, Toyota Motor and Pilgrim's Pride have been highlighted in this Value Investor article.
This is one of Tracey's favorite value stock screens.
TOLEDO, Ohio & TAMPA, Fla., April 15, 2024--Owens Corning (NYSE: OC), a leader in global building and construction materials, and Masonite International Corporation ("Masonite") (NYSE: DOOR), a leading global provider of interior and exterior doors and door systems, today announced that Owens Corning has commenced an offer to purchase for cash (the "Tender Offer") any and all outstanding 5.375% Senior Notes due 2028 issued by Masonite (the "Masonite Notes") in connection with Owens Corning’s ant