Equity Profile

OC

Owens Corning

IndustrialsBuilding Products$11.4B

Aug5Wed

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Owens Corning (OC) is a leading manufacturer of insulation, roofing, and fiberglass composites. Operating in the industrials sector, the company plays a crucial role in the building products industry, which is influenced by trends in construction and energy efficiency.

Key Metrics to Watch

EPS (Earnings Per Share)

EPS is a key indicator of a company's profitability and financial health, which investors closely monitor.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its market share and generate sales, crucial for long-term success.

N/A

Wall Street expectations, options signals, track record, and call prep available with Pro.

OC Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+5.97%

Avg Stock Reaction

-2.52%

Last Quarter Recap

In Q1 2026, Owens Corning reported an EPS of $1.22, exceeding expectations by 20.55%. However, there was no revenue guidance provided, leaving some uncertainty for investors.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are anticipating Owens Corning's upcoming earnings report with mixed feelings, given the lack of analyst estimates and management guidance. The company's historical performance shows a tendency to beat EPS expectations.

Bull Case

If Owens Corning continues its trend of beating EPS estimates, it could signal strong operational performance and market demand, potentially driving the stock higher.

Bear Case

Conversely, if the company fails to meet expectations or provides weak guidance, it may lead to a decline in stock price, especially given the high implied volatility in the options market.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the EPS for Q2-2026, and how does it compare to previous quarters?

Given Owens Corning's history of beating EPS estimates, this figure will be crucial in determining market sentiment.

What are the revenue figures for Q2-2026?

Revenue growth is essential for understanding the company's market position and future prospects, especially in the current economic climate.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Owens Corning's ability to leverage its strong market position and operational efficiencies, leading to better-than-expected results.

Supporting Evidence

Owens Corning has consistently beaten EPS estimates, with an 88% success rate over the last eight quarters.

The options market is pricing a significant move, suggesting that investors are anticipating a notable event.

Despite recent challenges, the building products sector remains resilient, which could benefit Owens Corning.

Key Risk

If the EPS exceeds $1.30, it could challenge the current cautious sentiment in the market.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on whether Owens Corning can maintain its historical trend of beating EPS estimates amidst market challenges.

Bull Confirmed If

An EPS of $1.30 or higher would confirm the bull case, indicating strong operational performance.

Bear Confirmed If

An EPS below $1.00 would confirm the bear case, suggesting potential issues in profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±17.21%

Historical Avg

±4.1%

Pricing rich

The options market is pricing in a significant move of over 17%, indicating heightened uncertainty or anticipation surrounding the earnings report.

Options are pricing ±17.2% while OC has averaged ±4.1% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

40.5%

Calls (3K)P/C Ratio: 0.04Puts (2K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Owens Corning beats expectations, history suggests a potential average one-day move of +2.52%, confirming a positive outlook.

In-Line / Cautious

If results are in line with previous quarters, the stock may react cautiously, reflecting uncertainty in future guidance.

Miss

A miss could lead to a decline, with history suggesting an average one-day move of -2.49%, indicating negative market sentiment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on revenue growth and how it compares to previous quarters.
2Management's commentary on market demand and operational efficiencies.
3Insights into cost management strategies and their impact on margins.
4Discussion on any new product launches or innovations in the pipeline.
5Guidance for the upcoming quarters and how it aligns with market expectations.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Key Metrics to Watch

EPS (Earnings Per Share)

EPS is a key indicator of a company's profitability and financial health, which investors closely monitor.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its market share and generate sales, crucial for long-term success.

N/A

Wall Street expectations, options signals, track record, and call prep available with Pro.

OC Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+5.97%

Avg Stock Reaction

-2.52%

Last Quarter Recap

In Q1 2026, Owens Corning reported an EPS of $1.22, exceeding expectations by 20.55%. However, there was no revenue guidance provided, leaving some uncertainty for investors.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If Owens Corning continues its trend of beating EPS estimates, it could signal strong operational performance and market demand, potentially driving the stock higher.

Bear Case

Conversely, if the company fails to meet expectations or provides weak guidance, it may lead to a decline in stock price, especially given the high implied volatility in the options market.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the EPS for Q2-2026, and how does it compare to previous quarters?

Given Owens Corning's history of beating EPS estimates, this figure will be crucial in determining market sentiment.

What are the revenue figures for Q2-2026?

Revenue growth is essential for understanding the company's market position and future prospects, especially in the current economic climate.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Owens Corning's ability to leverage its strong market position and operational efficiencies, leading to better-than-expected results.

Supporting Evidence

Owens Corning has consistently beaten EPS estimates, with an 88% success rate over the last eight quarters.

The options market is pricing a significant move, suggesting that investors are anticipating a notable event.

Despite recent challenges, the building products sector remains resilient, which could benefit Owens Corning.

Key Risk

If the EPS exceeds $1.30, it could challenge the current cautious sentiment in the market.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on whether Owens Corning can maintain its historical trend of beating EPS estimates amidst market challenges.

Bull Confirmed If

An EPS of $1.30 or higher would confirm the bull case, indicating strong operational performance.

Bear Confirmed If

An EPS below $1.00 would confirm the bear case, suggesting potential issues in profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±17.21%

Historical Avg

±4.1%

Pricing rich

The options market is pricing in a significant move of over 17%, indicating heightened uncertainty or anticipation surrounding the earnings report.

Options are pricing ±17.2% while OC has averaged ±4.1% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

40.5%

Calls (3K)P/C Ratio: 0.04Puts (2K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Owens Corning beats expectations, history suggests a potential average one-day move of +2.52%, confirming a positive outlook.

In-Line / Cautious

If results are in line with previous quarters, the stock may react cautiously, reflecting uncertainty in future guidance.

Miss

A miss could lead to a decline, with history suggesting an average one-day move of -2.49%, indicating negative market sentiment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on revenue growth and how it compares to previous quarters.
2Management's commentary on market demand and operational efficiencies.
3Insights into cost management strategies and their impact on margins.
4Discussion on any new product launches or innovations in the pipeline.
5Guidance for the upcoming quarters and how it aligns with market expectations.