Equity Profile

OC

Owens Corning

IndustrialsBuilding Products$12.3B

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. As a key player in the building products industry, its performance is closely tied to trends in construction and home improvement, making it an important company to watch in the industrials sector.

Key Metrics to Watch

EPS

Earnings per share is a critical indicator of the company's profitability and financial health.

$3.09

Revenue

Total revenue reflects the company's sales performance and market demand for its products.

$2.7B

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 over 20%. The stock saw a modest increase of 0.11% the following day.

Management Promises & Guidance

Management emphasized their commitment to cost management and operational efficiency.
They indicated a focus on expanding their product offerings in sustainable building materials.
They mentioned plans to enhance customer engagement through digital platforms.

Expectations

Wall Street Expectations

Analysts are cautiously optimistic about Owens Corning's upcoming earnings, expecting solid EPS and revenue figures. The consensus reflects confidence in the company's ability to navigate market challenges.

Bull Case

If Owens Corning beats EPS expectations, it could signal strong demand and effective cost management, potentially leading to a positive stock reaction.

Bear Case

Conversely, if the company fails to meet expectations, particularly in revenue, it may raise concerns about market demand and operational challenges.

Key Metrics to Watch

EPS

$3.09

Earnings per share is a critical indicator of the company's profitability and financial health.

Revenue

$2.7B

Total revenue reflects the company's sales performance and market demand for its products.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Owens Corning achieve an EPS of $3.09 or higher?

This figure is crucial as it reflects the company's profitability and could influence investor sentiment significantly.

How does the revenue of $2.7B compare to previous quarters?

Revenue growth is essential for assessing the company's market position and demand for its products.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate Owens Corning's ability to leverage its sustainable product lines, which could drive higher-than-expected revenue growth this quarter.

Supporting Evidence

The company has been focusing on expanding its sustainable offerings, which are gaining traction in the market.

Recent trends in the construction industry indicate a shift towards energy-efficient products, which could benefit Owens Corning.

The options market is pricing a significant move, suggesting that traders are anticipating a surprise.

Key Risk

If revenue exceeds $2.7B, it could challenge the current cautious outlook and shift investor sentiment positively.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will be closely scrutinized as it reflects the company's ability to adapt to market conditions and manage costs.

Bull Confirmed If

Achieving an EPS of $3.09 or better would confirm strong demand and effective cost management.

Bear Confirmed If

Falling below the revenue consensus of $2.7B would raise concerns about market demand and operational effectiveness.

Pre-Earnings Positioning

Options Market

Implied Move

±17.21%

Historical Avg

±4.1%

Pricing rich

The options market is pricing in a significant move, indicating that traders expect volatility around the earnings announcement.

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)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Industrials

n=30

Fade rate: 6 of 24 (25%)

This setup has occurred 30 times across Industrials in the last 2 years. 18 of 24 (75%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 4.7%, with a raw directional average of +1.7% (modestly positive historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Owens Corning beats expectations, history suggests the stock could see an average one-day move of +2.52%, confirming positive market sentiment.

In-Line / Cautious

If results are in line but management's commentary is cautious, the stock may experience muted movement as investors reassess future growth prospects.

Miss

If the company misses expectations, history suggests an average one-day move of -2.49%, indicating potential investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on demand for sustainable building materials.
2Any commentary on cost management strategies and their effectiveness.
3Insights into market trends impacting the construction industry.
4Details on customer engagement initiatives and their early results.
5Management's outlook for the remainder of the fiscal year.

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Company Snapshot

Key Metrics to Watch

EPS

Earnings per share is a critical indicator of the company's profitability and financial health.

$3.09

Revenue

Total revenue reflects the company's sales performance and market demand for its products.

$2.7B

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 over 20%. The stock saw a modest increase of 0.11% the following day.

Management Promises & Guidance

Management emphasized their commitment to cost management and operational efficiency.
They indicated a focus on expanding their product offerings in sustainable building materials.
They mentioned plans to enhance customer engagement through digital platforms.

Expectations

Wall Street Expectations

Bull Case

If Owens Corning beats EPS expectations, it could signal strong demand and effective cost management, potentially leading to a positive stock reaction.

Bear Case

Conversely, if the company fails to meet expectations, particularly in revenue, it may raise concerns about market demand and operational challenges.

Key Metrics to Watch

EPS

$3.09

Earnings per share is a critical indicator of the company's profitability and financial health.

Revenue

$2.7B

Total revenue reflects the company's sales performance and market demand for its products.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Owens Corning achieve an EPS of $3.09 or higher?

This figure is crucial as it reflects the company's profitability and could influence investor sentiment significantly.

How does the revenue of $2.7B compare to previous quarters?

Revenue growth is essential for assessing the company's market position and demand for its products.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate Owens Corning's ability to leverage its sustainable product lines, which could drive higher-than-expected revenue growth this quarter.

Supporting Evidence

The company has been focusing on expanding its sustainable offerings, which are gaining traction in the market.

Recent trends in the construction industry indicate a shift towards energy-efficient products, which could benefit Owens Corning.

The options market is pricing a significant move, suggesting that traders are anticipating a surprise.

Key Risk

If revenue exceeds $2.7B, it could challenge the current cautious outlook and shift investor sentiment positively.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will be closely scrutinized as it reflects the company's ability to adapt to market conditions and manage costs.

Bull Confirmed If

Achieving an EPS of $3.09 or better would confirm strong demand and effective cost management.

Bear Confirmed If

Falling below the revenue consensus of $2.7B would raise concerns about market demand and operational effectiveness.

Pre-Earnings Positioning

Options Market

Implied Move

±17.21%

Historical Avg

±4.1%

Pricing rich

The options market is pricing in a significant move, indicating that traders expect volatility around the earnings announcement.

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)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Industrials

n=30

Fade rate: 6 of 24 (25%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Owens Corning beats expectations, history suggests the stock could see an average one-day move of +2.52%, confirming positive market sentiment.

In-Line / Cautious

If results are in line but management's commentary is cautious, the stock may experience muted movement as investors reassess future growth prospects.

Miss

If the company misses expectations, history suggests an average one-day move of -2.49%, indicating potential investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on demand for sustainable building materials.
2Any commentary on cost management strategies and their effectiveness.
3Insights into market trends impacting the construction industry.
4Details on customer engagement initiatives and their early results.
5Management's outlook for the remainder of the fiscal year.