Equity Profile

OC

Owens Corning

IndustrialsBuilding Products$11.4B

Aug5Wed

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Owens Corning (OC) is a leading global producer of insulation, roofing, and fiberglass composites. As part of the industrials sector, it plays a crucial role in the building products industry, which is influenced by trends in construction, energy efficiency, and sustainability.

Key Metrics to Watch

EPS Growth

Earnings per share (EPS) growth is a key indicator of profitability and operational efficiency, which investors closely monitor.

N/A

Revenue Performance

Revenue performance helps gauge the company's market demand and overall business health, especially in the building products sector.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

OC Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+5.97%

Avg Stock Reaction

-2.52%

Last Quarter Recap

In Q1-2026, Owens Corning reported an EPS of $1.22, surpassing expectations by 20.55%. The stock saw a slight increase of 0.11% the following day.

Management Promises & Guidance

Focus on improving operational efficiency.
Commitment to sustainability initiatives.
Plans to expand product offerings in insulation and roofing.

Expectations

Wall Street Expectations

Overall, the market is cautiously optimistic about Owens Corning's upcoming earnings, given its strong EPS performance in the previous quarter.

Bull Case

If the company continues its trend of beating EPS estimates, it could signal robust demand and operational improvements, leading to a positive stock reaction.

Bear Case

Conversely, any signs of declining revenue or market demand could raise concerns about future growth, potentially leading to a negative market reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be this quarter, and how does it compare to previous quarters?

Given the company's history of beating EPS estimates, the market will closely watch this figure to gauge ongoing profitability.

How is Owens Corning addressing current market demand trends in the building products sector?

Understanding the company's strategy in response to market demand will be crucial for assessing future growth potential.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Owens Corning's ability to capitalize on the ongoing demand for energy-efficient building products, which could lead to stronger-than-expected revenue growth.

Supporting Evidence

The company has consistently beaten EPS estimates, indicating strong operational performance.

Options pricing suggests a significant move, indicating market expectations are high.

Historical data shows a pattern of positive reactions following earnings beats.

Key Risk

If EPS comes in below $1.00, it could undermine the bullish sentiment surrounding the stock.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core thesis revolves around whether Owens Corning can maintain its strong EPS growth amidst fluctuating market conditions.

Bull Confirmed If

An EPS of $1.30 or higher would confirm the bull case, indicating strong operational performance.

Bear Confirmed If

An EPS below $1.00 would confirm the bear case, raising concerns about profitability and market demand.

Pre-Earnings Positioning

Options Market

Implied Move

±17.21%

Historical Avg

±4.1%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings report.

Options are pricing ±17.2% while OC has averaged ±4.1% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

40.5%

Calls (3K)P/C Ratio: 0.04Puts (2K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Industrials

n=30

Fade rate: 6 of 24 (25%)

This setup has occurred 30 times across Industrials in the last 2 years. 18 of 24 (75%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 4.7%, with a raw directional average of +1.7% (modestly positive historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Owens Corning beats expectations, history suggests the stock could rise by around 4.05%, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further guidance.

Miss

Should the company miss expectations, history indicates a potential decline of about 2.49%, raising concerns about future growth.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on operational efficiency improvements.
2Details on market demand trends and how the company is responding.
3Insights into sustainability initiatives and their impact on future growth.
4Guidance on product expansion plans in insulation and roofing.
5Management's outlook on the overall building products market.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Key Metrics to Watch

EPS Growth

Earnings per share (EPS) growth is a key indicator of profitability and operational efficiency, which investors closely monitor.

N/A

Revenue Performance

Revenue performance helps gauge the company's market demand and overall business health, especially in the building products sector.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

OC Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+5.97%

Avg Stock Reaction

-2.52%

Last Quarter Recap

In Q1-2026, Owens Corning reported an EPS of $1.22, surpassing expectations by 20.55%. The stock saw a slight increase of 0.11% the following day.

Management Promises & Guidance

Focus on improving operational efficiency.
Commitment to sustainability initiatives.
Plans to expand product offerings in insulation and roofing.

Expectations

Wall Street Expectations

Overall, the market is cautiously optimistic about Owens Corning's upcoming earnings, given its strong EPS performance in the previous quarter.

Bull Case

If the company continues its trend of beating EPS estimates, it could signal robust demand and operational improvements, leading to a positive stock reaction.

Bear Case

Conversely, any signs of declining revenue or market demand could raise concerns about future growth, potentially leading to a negative market reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be this quarter, and how does it compare to previous quarters?

Given the company's history of beating EPS estimates, the market will closely watch this figure to gauge ongoing profitability.

How is Owens Corning addressing current market demand trends in the building products sector?

Understanding the company's strategy in response to market demand will be crucial for assessing future growth potential.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Owens Corning's ability to capitalize on the ongoing demand for energy-efficient building products, which could lead to stronger-than-expected revenue growth.

Supporting Evidence

The company has consistently beaten EPS estimates, indicating strong operational performance.

Options pricing suggests a significant move, indicating market expectations are high.

Historical data shows a pattern of positive reactions following earnings beats.

Key Risk

If EPS comes in below $1.00, it could undermine the bullish sentiment surrounding the stock.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core thesis revolves around whether Owens Corning can maintain its strong EPS growth amidst fluctuating market conditions.

Bull Confirmed If

An EPS of $1.30 or higher would confirm the bull case, indicating strong operational performance.

Bear Confirmed If

An EPS below $1.00 would confirm the bear case, raising concerns about profitability and market demand.

Pre-Earnings Positioning

Options Market

Implied Move

±17.21%

Historical Avg

±4.1%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings report.

Options are pricing ±17.2% while OC has averaged ±4.1% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

40.5%

Calls (3K)P/C Ratio: 0.04Puts (2K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Industrials

n=30

Fade rate: 6 of 24 (25%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Owens Corning beats expectations, history suggests the stock could rise by around 4.05%, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further guidance.

Miss

Should the company miss expectations, history indicates a potential decline of about 2.49%, raising concerns about future growth.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on operational efficiency improvements.
2Details on market demand trends and how the company is responding.
3Insights into sustainability initiatives and their impact on future growth.
4Guidance on product expansion plans in insulation and roofing.
5Management's outlook on the overall building products market.