What is Zacks Research's Estimate for O-I Glass Q3 Earnings?

Key Points

• Zacks Research raised its Q3 2027 EPS estimate for O-I Glass to $0.40 from $0.36, while projecting $0.38 for Q4 2027 and $1.40 for full-year 2027.
• Zacks maintained a “Hold” rating; analysts overall also rate the stock “Hold,” with an average price target of $10.31.
• O-I Glass recently reported quarterly EPS of $0.09, missing the $0.24 consensus estimate, while its stock traded near a 12-month low and the company carried a high debt-to-equity ratio of 8.89.

O-I Glass, Inc. (NYSE:OI - Free Report) - Research analysts at Zacks Research raised their Q3 2027 earnings estimates for shares of O-I Glass in a note issued to investors on Tuesday, September 29th. Zacks Research analyst Team now anticipates that the industrial products company will earn $0.40 per share for the quarter, up from their prior estimate of $0.36. Zacks Research currently has a "Hold" rating on the stock. The consensus estimate for O-I Glass' current full-year earnings is $0.37 per share. Zacks Research also issued estimates for O-I Glass' Q4 2027 earnings at $0.38 EPS and FY2027 earnings at $1.40 EPS.

Other equities research analysts have also issued research reports about the stock. Bank of America restated an "underperform" rating and set a $11.00 price target on shares of O-I Glass in a report on Tuesday, July 14th. Robert W. Baird set a $13.00 price target on shares of O-I Glass in a research report on Thursday, July 30th. Weiss Ratings cut shares of O-I Glass from a "sell (d-)" rating to a "sell (e+)" rating in a report on Wednesday, September 16th. UBS Group lowered their price objective on shares of O-I Glass from $15.00 to $11.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. Finally, Citigroup upgraded shares of O-I Glass from a "neutral" rating to a "buy" rating and upped their price objective for the company from $8.00 to $9.00 in a research note on Friday, August 21st. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, O-I Glass currently has an average rating of "Hold" and an average target price of $10.31.

O-I Glass Stock Up 0.3%

OI stock opened at $5.66 on Thursday. The firm has a market cap of $868.95 million, a PE ratio of -0.75, a P/E/G ratio of 2.09 and a beta of 0.66. O-I Glass has a 12 month low of $5.61 and a 12 month 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 firm has a 50 day simple moving average of $6.94 and a 200 day simple moving average of $8.64.

O-I Glass (NYSE:OI - Get Free Report) last released its earnings results on Tuesday, July 28th. The industrial products company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.15). The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.68 billion. O-I Glass had a positive return on equity of 10.40% and a negative net margin of 18.13%.The business's revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter last year, the company earned $0.53 earnings per share.

Institutional Investors Weigh In On O-I Glass

Institutional investors have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of O-I Glass during the 2nd quarter worth about $225,727,000. Bank of America Corp DE acquired a new stake in O-I Glass in the 2nd quarter worth approximately $33,436,000. Cooper Creek Partners Management LLC lifted its holdings in O-I Glass by 73.8% in the 1st quarter. Cooper Creek Partners Management LLC now owns 7,006,293 shares of the industrial products company's stock worth $73,636,000 after purchasing an additional 2,975,181 shares during the last quarter. Edmond DE Rothschild Holding S.A. bought a new stake in O-I Glass during the second quarter worth approximately $19,260,000. Finally, Brandywine Global Investment Management LLC bought a new stake in O-I Glass during the fourth quarter worth approximately $25,064,000. 97.24% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about O-I Glass

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

• Positive Sentiment: Zacks raised its FY2028 EPS forecast to $2.78 from $2.67, while increasing its Q1 2028 estimate to $0.68 from $0.67, Q2 2028 to $0.79 from $0.75, and Q4 2027 to $0.37 from $0.31. These upgrades suggest analysts see meaningful longer-term earnings improvement.
• Neutral Sentiment: The firm’s longer-term projections imply a substantial recovery from the expected $0.21 of FY2026 EPS, but the Hold rating indicates that Zacks is not yet recommending aggressive buying. Its current full-year consensus estimate remains $0.39 per share.
• Negative Sentiment: Zacks lowered several nearer-term forecasts: Q3 2026 EPS to $0.03 from $0.07, Q4 2026 to $0.03 from $0.05, FY2026 to $0.21 from $0.26, and Q1 2027 to $0.20 from $0.24. It also reduced Q2 2027 EPS to $0.36 from $0.38. These cuts point to weaker profitability in the upcoming periods and may be weighing on sentiment.
• Negative Sentiment: O-I Glass continues to face financial pressure, including a high debt-to-equity ratio of 8.89 and a negative net margin. Its latest reported quarterly EPS of $0.09 missed the $0.24 consensus estimate, reinforcing concerns about near-term execution.

O-I Glass Company Profile

O-I Glass, Inc NYSE: OI is a global manufacturer of glass packaging. The company produces bottles and jars primarily for the food, beverage, beer, wine, spirits, and nonalcoholic beverage industries, as well as containers for certain pharmaceutical and other consumer products.

O-I Glass provides packaging solutions that include container design, lightweighting, glass decoration, and related technical services. Its products are made from glass, a material that can be recycled repeatedly without loss of quality, supporting the company's focus on recyclable and more sustainable packaging.

The company traces its history to the Owens Bottle Company, founded in 1903, and later became known as Owens-Illinois before adopting the O-I Glass name.

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