Benzinga | Jan 31, 2022 10:44AM EST

Earnings Preview: Owens-Illinois

Owens-Illinois (NYSE:OI) is set to give its latest quarterly earnings report on Tuesday, 2022-02-01. Here's what investors need to know before the announcement.

Analysts estimate that Owens-Illinois will likely report an Earnings Per Share (EPS) of $0.33.

Owens-Illinois bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company beat EPS by $0.06, which was followed by a 4.37% drop in the share price the next day.

Here's a look at Owens-Illinois's past performance and the resulting price change:

Quarter Q3 2021 Q2 2021 Q1 2021 Q4 2020EPS Estimate 0.52 0.47 0.30 0.34EPS Actual 0.58 0.54 0.35 0.40Price Change % -4.37% -4.1% 4.25% -2.15%

Stock Performance

Shares of Owens-Illinois were trading at $13.06 as of January 28. Over the last 52-week period, shares are down 3.22%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.

To track all upcoming earnings announcements, click here to use Benzinga Earnings Calendar.