Owens Corning (OC) Earnings Report Preview For Wednesday's Release
Owens Corning (NYSE:OC) is nearing the of release last fiscal quarter's results before the opening bell on February 15, 2012. We can review how Owens Corning has executed for investors recently.
Who They Are:
Owens Corning, through its subsidiaries, provides composite and building materials systems worldwide. It operates in two segments, Composites and Building Materials. The company was founded in 1938 and is headquartered in Toledo, Ohio. Owens Corning trades an average of 1.5 million shares per day and has a marketcap of $4.1 Billion.
52 Week High: $38.94
52 Week Low: $18.67
Book Value: $30.95
Float Short: 4.36%
What To Expect:
On average, 11 analysts are expecting a drop of $-0.42 in earnings per share compared to last quarter's results of $0.90. The number to beat is $0.48 per share based on the estimated mean earnings.
Currently, $0.43 on the low end and $0.50 per share on the high side is what market participants are anticipating in the report.
Here is a look at the fiscal year revenue for Owens Corning. 
Recent Stock and Valuation Performance:
The P/E ratio has been recently discounted, as the current trailing twelve months P/E ratio is 17.5, while the forward P/E ratio is now 12.65. It will be interesting to see if pricing is currently at a discount, or if the market has been correct to price in lower growth expectations.
Looking at the price movement over the last month, the stock has moved higher in price 6.67%, with a change from a year ago of -2.28%.
With a double digit gain compared to stocks in general, the stock shares did very well as compared to the overall stock market. When comparing to the S&P 500, the year up to date change is 11.04%.
Revenue year-over-year has increased to $5.00 billion for 2010 vs. $4.80 billion for 2009. The bottom line has rising earnings year-over-year of $933.00 million for 2010 vs. $64.00 million for 2009.The company's earnings before interest and taxes are rising with an EBIT year-over-year of $206.00 million for 2010 vs. $192.00 million for 2009. Rising revenue along with rising earnings is a very good sign and what we want to see with our companies. Be sure to check the margins in the earnings release to make sure the bottom line is keeping up with the top line.
Here is the last few quarters to get an idea how well they perform compared to estimates 
Reported earnings per share compared to the mean estimate. Differences are rounded.
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