What is Zacks Research’s Estimate for O-I Glass Q2 Earnings?

O-I Glass, Inc. (NYSE:OI) – Analysts at Zacks Research lowered their Q2 2028 EPS estimates for shares of O-I Glass in a report released on Friday, October 9th. Zacks Research analyst Team now expects that the industrial products company will earn $0.71 per share for the quarter, down from their previous estimate of $0.72. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for O-I Glass’ current full-year earnings is $0.30 per share. Zacks Research also issued estimates for O-I Glass’ Q3 2028 earnings at $0.73 EPS.

A number of other equities analysts have also recently commented on the company. Truist Financial dropped their target price on O-I Glass from $10.00 to $8.00 and set a “buy” rating for the company in a report on Monday. Wells Fargo & Company cut their target price on O-I Glass from $13.00 to $12.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 15th. UBS Group lowered O-I Glass from a “buy” rating to a “neutral” rating and decreased their price target for the company from $11.00 to $6.00 in a report on Monday, October 5th. Citigroup upgraded O-I Glass from a “neutral” rating to a “buy” rating and raised their price target for the stock from $8.00 to $9.00 in a research report on Friday, August 21st. Finally, BNP Paribas Exane downgraded O-I Glass from an “outperform” rating to a “neutral” rating and set a $8.50 price target for the company. in a research report on Thursday, July 30th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, O-I Glass currently has an average rating of “Hold” and a consensus price target of $9.31.

O-I Glass Trading Down 0.4%

Shares of OI stock opened at $5.90 on Monday. O-I Glass has a 1 year low of $5.30 and a 1 year high of $16.91. The company has a debt-to-equity ratio of 8.89, a current ratio of 1.26 and a quick ratio of 0.77. The stock’s 50 day simple moving average is $6.52 and its two-hundred day simple moving average is $8.35. The company has a market cap of $906.13 million, a PE ratio of 7.22, a price-to-earnings-growth ratio of 2.68 and a beta of 0.68.

O-I Glass (NYSE:OI) last released its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.15). O-I Glass had a positive return on equity of 10.40% and a negative net margin of 18.13%. The company had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter in the prior year, the business posted $0.53 EPS. The company’s revenue was down 2.2% on a year-over-year basis.

Institutional Trading of O-I Glass

Several institutional investors and hedge funds have recently made changes to their positions in the company. Amundi grew its holdings in shares of O-I Glass by 1.1% during the first quarter. Amundi now owns 169,728 shares of the industrial products company’s stock worth $1,785,000 after buying an additional 1,841 shares in the last quarter. Optiver Holding B.V. raised its position in shares of O-I Glass by 491.5% in the first quarter. Optiver Holding B.V. now owns 2,496 shares of the industrial products company’s stock valued at $26,000 after buying an additional 2,074 shares during the last quarter. Wealth Enhancement Trust Services Inc. raised its position in shares of O-I Glass by 57.3% in the third quarter. Wealth Enhancement Trust Services Inc. now owns 5,825 shares of the industrial products company’s stock valued at $33,000 after buying an additional 2,121 shares during the last quarter. Strs Ohio lifted its stake in shares of O-I Glass by 3.9% in the first quarter. Strs Ohio now owns 63,800 shares of the industrial products company’s stock worth $671,000 after buying an additional 2,400 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of O-I Glass by 29.2% in the first quarter. EverSource Wealth Advisors LLC now owns 11,038 shares of the industrial products company’s stock worth $116,000 after buying an additional 2,495 shares in the last quarter. 97.24% of the stock is currently owned by institutional investors.

Key Headlines Impacting O-I Glass

Here are the key news stories impacting O-I Glass this week:

• Positive Sentiment: Zacks Research raised its Q1 2028 EPS forecast for O-I Glass to $0.66 from $0.64, indicating improved longer-term expectations for that quarter.
• Positive Sentiment: Truist retained a Buy rating on O-I Glass, suggesting it still sees upside despite cutting its price target to $8 from $10. Truist Cuts Price Target on O-I Glass to $8 From $10, Keeps Buy Rating
• Neutral Sentiment: Analysts project O-I Glass will earn $1.35 per share in FY2027, with quarterly estimates of $0.36 in Q2, $0.38 in Q3, $0.37 in Q4 and $0.66 in Q1 2028. These forecasts provide a potential earnings-recovery framework, but the overall Zacks rating remains Hold.
• Neutral Sentiment: A separate report compares O-I Glass with International Paper, while another discusses Zacks Research’s Q2 earnings forecast. These items offer valuation and estimate context but do not appear to introduce a new company-specific catalyst. Financial Comparison: International Paper and O-I Glass What is Zacks Research’s Forecast for O-I Glass Q2 Earnings?
• Negative Sentiment: Zacks cut its Q2 2027 EPS estimate to $0.36 from $0.38, Q3 to $0.38 from $0.40, Q4 to $0.37 from $0.38 and FY2027 to $1.35 from $1.40. The broad downward revisions may pressure the stock because they signal softer expected profitability.
• Negative Sentiment: Truist’s price-target reduction from $10 to $8 reflects more limited near-term upside, even though the firm kept its Buy recommendation.

O-I Glass Company Profile

O-I Glass, Inc (NYSE: OI) is a global manufacturer of glass packaging. The company produces glass bottles and jars for food, beverages, beer, wine, spirits, pharmaceuticals and other consumer products, serving brand owners and manufacturers that use glass containers for packaging.

The company operates glass-container manufacturing facilities and provides related design, engineering and packaging services. Its products are used across a range of markets and geographies, including North and South America, Europe and other international markets.