Owens Corning (NYSE: OC) reported earnings on Aug. 1. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), Owens Corning missed estimates on revenues and whiffed on earnings per share.

Compared to the prior-year quarter, revenue dropped and GAAP earnings per share shrank significantly.

Margins dropped across the board.

Revenue details
Owens Corning tallied revenue of $1.39 billion. The 11 analysts polled by S&P Capital IQ expected a top line of $1.50 billion on the same basis. GAAP reported sales were 4.1% lower than the prior-year quarter's $1.45 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.54. The 15 earnings estimates compiled by S&P Capital IQ averaged $0.64 per share. GAAP EPS of $0.32 for Q2 were 48% lower than the prior-year quarter's $0.62 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 17.2%, 200 basis points worse than the prior-year quarter. Operating margin was 6.3%, 200 basis points worse than the prior-year quarter. Net margin was 2.8%, 260 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $1.49 billion. On the bottom line, the average EPS estimate is $0.83.

Next year's average estimate for revenue is $5.59 billion. The average EPS estimate is $1.99.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 441 members out of 465 rating the stock outperform, and 24 members rating it underperform. Among 94 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 91 give Owens Corning a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Owens Corning is outperform, with an average price target of $37.62.