Owens-Illinois (NYSE: OI ) is expected to report Q4 earnings around Jan. 23. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Owens-Illinois's revenues will drop -4.3% and EPS will wither -22.9%.
The average estimate for revenue is $1.74 billion. On the bottom line, the average EPS estimate is $0.37.
Last quarter, Owens-Illinois reported revenue of $1.75 billion. GAAP reported sales were 6.2% lower than the prior-year quarter's $1.86 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.69. GAAP EPS of $0.54 for Q3 were 23% lower than the prior-year quarter's $0.70 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 19.6%, 120 basis points worse than the prior-year quarter. Operating margin was 11.3%, 110 basis points worse than the prior-year quarter. Net margin was 5.2%, 100 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $7.02 billion. The average EPS estimate is $2.60.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 352 members out of 379 rating the stock outperform, and 27 members rating it underperform. Among 101 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 94 give Owens-Illinois a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Owens-Illinois is outperform, with an average price target of $24.36.
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