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

Key Points

• Zacks Research cut its Q3 2027 EPS estimate for O-I Glass to $0.66 (from $0.68) and maintains a Strong Sell rating while trimming multiple near‑term and FY forecasts, raising downside risk.
• O-I Glass last reported quarterly EPS of $0.20 (vs. $0.19 expected) on $1.50B revenue (vs. $1.52B expected), but the company has a negative net margin (−2.01%) and high leverage (debt/equity 3.35).
• Shares opened around $10.59 (down ~2.3%), analysts’ consensus is a “Hold” with an average price target of $16.11, though several firms have recently cut targets and ratings.

O-I Glass, Inc. (NYSE:OI - Free Report) - Equities research analysts at Zacks Research lowered their Q3 2027 earnings per share estimates for O-I Glass in a report released on Tuesday, April 14th. Zacks Research analyst Team now anticipates that the industrial products company will post earnings per share of $0.66 for the quarter, down from their prior estimate of $0.68. Zacks Research currently has a "Strong Sell" rating on the stock. The consensus estimate for O-I Glass' current full-year earnings is $1.33 per share. Zacks Research also issued estimates for O-I Glass' Q4 2027 earnings at $0.47 EPS.

O-I Glass (NYSE:OI - Get Free Report) last issued its quarterly earnings results on Tuesday, February 10th. The industrial products company reported $0.20 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.01. O-I Glass had a positive return on equity of 18.07% and a negative net margin of 2.01%.The company had revenue of $1.50 billion for the quarter, compared to analysts' expectations of $1.52 billion. During the same quarter last year, the business earned ($0.05) earnings per share. O-I Glass's revenue was down 1.9% on a year-over-year basis.

Other research analysts have also recently issued research reports about the company. Wells Fargo & Company cut O-I Glass from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $18.00 to $13.00 in a research report on Friday, March 20th. Robert W. Baird set a $20.00 price target on O-I Glass in a research report on Thursday, February 12th. UBS Group decreased their target price on O-I Glass from $21.00 to $18.00 and set a "buy" rating on the stock in a research report on Friday, April 10th. Citigroup decreased their target price on O-I Glass from $16.00 to $12.00 and set a "neutral" rating on the stock in a research report on Monday. Finally, Royal Bank Of Canada dropped their target price on shares of O-I Glass from $19.00 to $18.00 and set an "outperform" rating for the company in a report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $16.11.

O-I Glass Stock Down 2.3%

Shares of NYSE OI opened at $10.59 on Thursday. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.77 and a current ratio of 1.25. O-I Glass has a 52 week low of $9.84 and a 52 week high of $16.91. The stock has a market capitalization of $1.62 billion, a P/E ratio of -12.60, a PEG ratio of 0.91 and a beta of 0.84. The stock's fifty day moving average is $12.29 and its 200 day moving average is $13.30.

Institutional Investors Weigh In On O-I Glass

A number of hedge funds have recently made changes to their positions in the stock. Hsbc Holdings PLC boosted its stake in shares of O-I Glass by 330.1% in the 4th quarter. Hsbc Holdings PLC now owns 58,920 shares of the industrial products company's stock valued at $872,000 after purchasing an additional 45,221 shares in the last quarter. Corient Private Wealth LLC boosted its stake in shares of O-I Glass by 6.0% in the 4th quarter. Corient Private Wealth LLC now owns 18,694 shares of the industrial products company's stock valued at $277,000 after purchasing an additional 1,062 shares in the last quarter. Villanova Investment Management Co LLC boosted its stake in shares of O-I Glass by 14.2% in the 4th quarter. Villanova Investment Management Co LLC now owns 190,329 shares of the industrial products company's stock valued at $2,809,000 after purchasing an additional 23,716 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of O-I Glass in the 4th quarter valued at approximately $228,000. Finally, Invesco Ltd. boosted its stake in shares of O-I Glass by 18.7% in the 4th quarter. Invesco Ltd. now owns 1,269,236 shares of the industrial products company's stock valued at $18,734,000 after purchasing an additional 199,938 shares in the last quarter. 97.24% of the stock is currently owned by institutional investors and hedge funds.

Key O-I Glass News

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

• Positive Sentiment: Truist cut its price target on O-I from $20 to $15 but kept a Buy rating — the firm still sees meaningful upside from current levels, which can support share demand from value/turnaround investors. Truist lowers PT to $15, maintains Buy (Benzinga)
• Neutral Sentiment: Analysts’ consensus across data services remains mixed-to-cautious (consensus “Hold” noted), implying no broad upgrade cycle to drive a sustained rally. Analysts give OI a consensus "Hold"
• Neutral Sentiment: A recent piece examines how energy costs and related pressures are shaping O‑I’s longer‑term strategy — strategic changes may help margins down the road but are not an immediate catalyst. Is O-I Glass using energy pressures to redraw strategy? (Yahoo Finance)
• Negative Sentiment: Zacks Research slashed multiple near‑term and FY estimates for O‑I (Q1/Q2 2026–2028 and FY2026–FY2027), trimmed full‑year forecasts and continues to carry a “Strong Sell” rating — these cuts increase downside risk by lowering forward earnings expectations. Zacks lowers multiple EPS estimates, maintains Strong Sell (MarketBeat)
• Negative Sentiment: Citigroup issued a pessimistic short‑term forecast for O‑I’s stock price, adding to selling pressure from institutional sentiment shifts. Citigroup issues pessimistic forecast (American Banking News)

About O-I Glass

O-I Glass, Inc is a leading global manufacturer of glass containers, supplying the food and beverage, wine and spirits, pharmaceutical, cosmetic and personal care industries. Headquartered in Perrysburg, Ohio, the company produces a broad range of glass packaging solutions, including bottles and jars, designed to meet customer specifications for size, shape, color and performance. O-I leverages proprietary technologies in forming, decoration and quality control to serve both mass-market and premium brands.

Tracing its origins to the early 20th century through the merger of prominent regional glassmakers, the company adopted the Owens-Illinois name in 1929 before rebranding as O-I Glass in 2015.

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