In the latest trading session, Owens Corning (OC) closed at $145.41, marking a +0.63% move from the previous day. The stock outperformed the S&P 500, which registered a daily gain of 0.15%. Elsewhere, the Dow gained 0.35%, while the tech-heavy Nasdaq lost 0.09%.

The construction materials company's shares have seen an increase of 0.29% over the last month, surpassing the Construction sector's loss of 1.54% and the S&P 500's loss of 0.21%.

Market participants will be closely following the financial results of Owens Corning in its upcoming release. The company plans to announce its earnings on May 7, 2025. It is anticipated that the company will report an EPS of $2.82, marking a 21.45% fall compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $2.52 billion, up 9.41% from the year-ago period.

For the full year, the Zacks Consensus Estimates are projecting earnings of $14.10 per share and revenue of $10.58 billion, which would represent changes of -11.38% and -3.62%, respectively, from the prior year.

Any recent changes to analyst estimates for Owens Corning should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 3.35% lower. Owens Corning currently has a Zacks Rank of #4 (Sell).

In terms of valuation, Owens Corning is presently being traded at a Forward P/E ratio of 10.25. For comparison, its industry has an average Forward P/E of 15.63, which means Owens Corning is trading at a discount to the group.

Also, we should mention that OC has a PEG ratio of 3.58. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Building Products - Miscellaneous stocks are, on average, holding a PEG ratio of 2.13 based on yesterday's closing prices.

The Building Products - Miscellaneous industry is part of the Construction sector. Currently, this industry holds a Zacks Industry Rank of 159, positioning it in the bottom 36% of all 250+ industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow OC in the coming trading sessions, be sure to utilize Zacks.com.

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This article originally published on Zacks Investment Research (zacks.com).

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