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

Key Points

• Zacks Research cut its Q3 2026 EPS estimate for O-I Glass to $0.53 from $0.62, and kept a Strong Sell rating on the stock.
• O-I Glass recently reported Q1 EPS of $0.05, missing analyst expectations, though revenue of $1.54 billion came in above estimates. The company also guided FY 2026 EPS in a range of $1.00 to $1.50.
• Analyst sentiment remains cautious overall, with a Hold consensus rating and an average price target of $15.50, while recent insider buying and heavy call-option activity suggest some market participants are betting on a rebound.

O-I Glass, Inc. (NYSE:OI - Free Report) - Equities research analysts at Zacks Research dropped their Q3 2026 EPS estimates for shares of O-I Glass in a report issued on Tuesday, May 12th. Zacks Research analyst Team now forecasts that the industrial products company will post earnings per share of $0.53 for the quarter, down from their prior forecast of $0.62. Zacks Research currently has a "Strong Sell" rating on the stock. The consensus estimate for O-I Glass' current full-year earnings is $1.20 per share. Zacks Research also issued estimates for O-I Glass' Q4 2026 earnings at $0.35 EPS, Q1 2027 earnings at $0.35 EPS, Q2 2027 earnings at $0.46 EPS, Q3 2027 earnings at $0.58 EPS, Q4 2027 earnings at $0.38 EPS and Q1 2028 earnings at $0.55 EPS.

O-I Glass (NYSE:OI - Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.09 by ($0.04). O-I Glass had a negative net margin of 2.91% and a positive return on equity of 13.65%. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same period last year, the business earned $0.40 EPS. The business's revenue was down 1.7% on a year-over-year basis. O-I Glass has set its FY 2026 guidance at 1.000-1.500 EPS.

Other research analysts also recently issued research reports about the stock. Robert W. Baird set a $20.00 price objective on shares of O-I Glass in a research report on Thursday, February 12th. Wall Street Zen downgraded shares of O-I Glass from a "buy" rating to a "hold" rating in a report on Saturday, February 28th. Citigroup reduced their target price on shares of O-I Glass from $12.00 to $10.00 and set a "neutral" rating for the company in a report on Monday, May 4th. Wells Fargo & Company downgraded shares of O-I Glass from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $18.00 to $13.00 in a report on Friday, March 20th. Finally, Truist Financial reaffirmed a "buy" rating and set a $14.00 target price (down from $15.00) on shares of O-I Glass in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, O-I Glass has a consensus rating of "Hold" and an average target price of $15.50.

O-I Glass Stock Performance

Shares of OI opened at $8.99 on Thursday. The firm has a 50-day moving average of $10.45 and a 200-day moving average of $12.99. O-I Glass has a one year low of $8.00 and a one year high of $16.91. The company has a market cap of $1.38 billion, a PE ratio of -7.37, a price-to-earnings-growth ratio of 1.01 and a beta of 0.65. The company has a debt-to-equity ratio of 3.35, a current ratio of 1.26 and a quick ratio of 0.73.

Insider Activity

In related news, SVP Randolph L. Burns bought 11,000 shares of O-I Glass stock in a transaction that occurred on Friday, May 8th. The stock was acquired at an average price of $9.32 per share, with a total value of $102,520.00. Following the acquisition, the senior vice president owned 133,932 shares of the company's stock, valued at approximately $1,248,246.24. This represents a 8.95% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Darrow A. Abrahams bought 2,774 shares of O-I Glass stock in a transaction that occurred on Monday, May 11th. The shares were bought at an average cost of $9.04 per share, with a total value of $25,076.96. Following the acquisition, the senior vice president directly owned 235,928 shares in the company, valued at $2,132,789.12. This trade represents a 1.19% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 1.00% of the company's stock.

Institutional Trading of O-I Glass

Hedge funds and other institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC raised its stake in O-I Glass by 87.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,778 shares of the industrial products company's stock worth $26,000 after purchasing an additional 830 shares in the last quarter. Headlands Technologies LLC acquired a new stake in O-I Glass in the 2nd quarter worth about $29,000. Quarry LP acquired a new stake in O-I Glass in the 4th quarter worth about $32,000. Caitong International Asset Management Co. Ltd raised its stake in O-I Glass by 36,533.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,198 shares of the industrial products company's stock worth $32,000 after purchasing an additional 2,192 shares in the last quarter. Finally, State of Wyoming acquired a new stake in O-I Glass in the 2nd quarter worth about $35,000. Institutional investors and hedge funds own 97.24% of the company's stock.

Key Headlines Impacting O-I Glass

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

• Positive Sentiment: Two senior vice presidents recently bought shares, including Darrow A. Abrahams and Randolph L. Burns, signaling insider confidence in O-I Glass at recent prices. Insider Buying: O-I Glass NYSE: OI SVP Purchases 2,774 Shares of Stock
• Positive Sentiment: Unusually heavy call-option activity suggests some traders are betting on a rebound in O-I Glass shares.
• Neutral Sentiment: The company still has support from some institutional investors, and analysts’ consensus rating remains around Hold despite the recent negative revisions.
• Negative Sentiment: Zacks Research cut its Q1 2027 EPS estimate to $0.35 from $0.38, implying slower earnings growth than previously expected.
• Negative Sentiment: Zacks also lowered Q2 2027 EPS to $0.46 from $0.58, Q3 2027 EPS to $0.58 from $0.66, Q4 2027 EPS to $0.38 from $0.47, and Q1 2028 EPS to $0.55 from $0.63.
• Negative Sentiment: The repeated analyst downgrades reinforce concerns after O-I Glass recently missed quarterly EPS estimates, even though revenue came in above expectations.

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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