Owens Illinois Inc. Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Owens Illinois Inc. (NYSE:OI) will unveil its latest earnings on Wednesday, January 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 estimate of analysts is for net income of 46 cents per share, a rise of 2.2% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 50 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 47 cents during the last month. For the year, analysts are projecting profit of $2.37 per share, a decline of 8.8% from last year.

Last quarter, the company came in at net income of 84 cents per share against a mean estimate of profit of 72 cents per share, beating estimates after missing them in the previous quarter. In the second quarter, it missed forecasts by 3 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 4% in revenue from the year-earlier quarter to $1.8 billion.

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

A Look Back: In the third quarter, profit fell 16.4% to $116 million (70 cents a share) from $138.7 million (84 cents a share) the year earlier, but exceeded analyst expectations. Revenue rose 6.9% to $1.86 billion from $1.74 billion.

Key Stats:

Revenue has gone up for three straight quarters. It rose 14.5% in the second quarter from the year earlier and 8.6% in the first quarter.

Stock Price Performance: During December 19, 2011 to January 19, 2012, the stock price had risen $5.72 (32.4%) from $17.65 to $23.37. 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, rising 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, falling 16.9% (-$3.50) over that span.

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

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