Having exceeded expectations last quarter by 7 cents per share, Owens-Illinois (OI) is scheduled to report again on Wednesday.

Expectations

Analysts currently expect Owens-Illinois to come in with earnings of 76 cents per share on revenues of $1.92 billion. Estimates from analysts range from earnings per share to earnings per share. Over the past three months, the average estimate has moved down from 81 cents.

Stock Movement

The stock fell $2.65 per share between May 8, 2012 and May 18, 2012. Looking at change over the last three months, April 23, 2012 and July 18, 2012, the stock price fell $4.75 (-19.9%), from $23.82 to $19.07.

Company Fundamental Trends
On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 14.5% in the second quarter of the last fiscal year, 6.9% in the third quarter of the last fiscal year and 13.7% in the fourth quarter of the last fiscal year before increasing again in the first quarter.

Stock Ratings

Analysts are bullish on the stock as six analysts rate it as a buy and there are no sell ratings. That rating hasn't budged in three months as the average analyst rating of the stock has remained unchanged.

Last Quarter's Results

In the first quarter, profit rose 68.1% to $121 million (72 cents a share) from $72 million (44 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 1.2% to $1.74 billion from $1.72 billion.

Summary

 

Reporting Period: 2Q

Date of Release: Wednesday, July 25, 2012

EPS: 76 cents

Revenue Estimate: $1.92 billion

 

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)