Owens Illinois Inc. First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Owens Illinois Inc. (NYSE:OI) will unveil its latest earnings on Wednesday, April 25, 2012. Owens-Illinois manufactures glass containers primarily for the food and beverage industries in Europe, North America, South America, and Asia Pacific.

Owens Illinois Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 66 cents per share, a rise of 40.4% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 55 cents. Between one and three months ago, the average estimate moved down. It has risen from 50 cents during the last month. Analysts are projecting profit to rise by 21.5% compared to last year’s $2.88.

Past Earnings Performance: The company is looking to beat analyst estimates for the third quarter in a row. Last quarter, it beat estimates with profit of 48 cents per share against the mean estimate of 46 cents. In the prior quarter, the company reported net income of 84 cents.

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Wall St. Revenue Expectations: Analysts predict a rise of 2.3% in revenue from the year-earlier quarter to $1.76 billion.

Analyst Ratings: Analysts are bullish on this stock, with six analysts rating it as a buy, none rating it as a sell and three rating it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, the company’s loss widened to a loss of a $771 million ($4.68 a share) from a loss of $412.1 million ($2.46) a year earlier, but beat analyst expectations. Revenue rose 13.7% to $1.82 billion from $1.6 billion.

Key Stats:

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 8.6% in the first quarter of the last fiscal year, 14.5% in the second quarter of the last fiscal year and 6.9% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year of the last fiscal year.

Stock Price Performance: Between January 24, 2012 and April 19, 2012, the stock price rose 76 cents (3.3%), from $23.14 to $23.90. The stock price saw one of its best stretches over the last year between July 18, 2011 and July 26, 2011, when shares rose for seven straight days, increasing 10.4% (+$2.53) over that span. It saw one of its worst periods between November 14, 2011 and November 23, 2011 when shares fell for eight straight days, dropping 16.9% (-$3.50) over that span.

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

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