Owens-Illinois Fourth Quarter Earnings Sneak Peek
S&P 500 (NYSE:SPY) component Owens-Illinois (NYSE:OI) will unveil its latest earnings tomorrow, Wednesday, January 30, 2013. Owens-Illinois manufactures glass containers primarily for the food and beverage industries in Europe, North America, South America, and Asia Pacific.
Owens-Illinois Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average analyst estimate is for net income of 37 cents per share, a decline of 22.9% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 40 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 37 cents during the last month. Analysts are projecting profit to rise by 9.7% compared to last year’s $2.60.
Past Earnings Performance: Last quarter, the company beat estimates by 3 cents, coming in at profit of 69 cents a share versus the estimate of net income of 66 cents a share. It marked the fourth straight quarter of beating estimates.
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A Look Back: In the third quarter, profit fell 22.4% to $90 million (54 cents a share) from $116 million (70 cents a share) the year earlier, but exceeded analyst expectations. Revenue fell 6.2% to $1.75 billion from $1.86 billion.
Here’s how Owens-Illinois traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: