Zacks Research Trims O-I Glass Q2 2028 Profit Outlook
Zacks Research cut its second-quarter 2028 earnings per share estimate for O-I Glass to $0.71 from $0.72 while keeping a Hold rating. The firm also set a third-quarter 2028 estimate of $0.73. O-I Glass shares opened at $6.08, near a 12-month low, after its latest quarterly EPS missed consensus and revenue fell 2.2% year over year.
Zacks Research's revision is modest, but it lands amid cautious coverage. The average analyst view remains Hold, with a $9.69 target, after several firms adjusted ratings or price objectives. UBS moved to neutral and cut its target to $6, while RBC downgraded to sector perform and lowered its target to $8. Ratings now include three Buy, four Hold, and two Sell.
O-I Glass last reported quarterly EPS of $0.09, below the $0.24 consensus, with revenue of $1.67 billion versus $1.68 billion expected. Sales slipped 2.2% from a year earlier. The shares opened at $6.08, close to a 12-month low of $5.30, and remain below their 50-day and 200-day moving averages.
Count words? First paragraph: Zacks(1) Research's2 revision3 is4 modest5, but6 it7 lands8 amid9 cautious10 coverage11. The12 average13 analyst14 view15 remains16 Hold17, with18 a19 $9.6920 target21, after22 several23 firms24 adjusted25 ratings26 or27 price28 objectives29. UBS30 moved31 to32 neutral33 and34 cut35 its36 target37 to38 $6,39 while40 RBC41 downgraded42 to43 sector44 perform45 and46 lowered47 its48 target49 to50 $8.51 Ratings52 now53 include54 three55 Buy56, four57 Hold58, and59 two60 Sell61. Good.
Second: O-I1 Glass2 last3 reported4 quarterly5 EPS6 of7 $0.09,8 below9 the10 $0.2411 consensus12, with13 revenue14 of15 $1.6716 billion17 versus18 $1.6819 billion20 expected21. Sales22 slipped23 2.2%24 from25 a26 year27 earlier28. The29 shares30 opened31 at32 $6.0833, close34 to35 a36 12-month37 low38 of39 $5.3040, and4
Weaker estimates and a depressed share price could weigh on investor confidence in O-I Glass, potentially affecting shareholders, employees, suppliers, and communities tied to its glass-container operations. If earnings pressure persists, the company may face tighter scrutiny over costs, capital spending, and debt, which could influence hiring, plant investment, or supplier orders. Customers in food and beverage packaging may also watch whether financial strain affects service, capacity, or pricing. These are possible outcomes, not certainties, and depend on future results and management actions. Count: Weaker1 estimates2 and3 a4 depressed5 share6 price7 could8 weigh9 on10 investor11 confidence12 in13 O-I14 Glass15, potentially16 affecting17 shareholders18, employees19, suppliers20, and21 communities22 tied23 to24 its25 glass-container26 operations27. If28 earnings29 pressure30 persists31, the32 company33 may34 face35 tighter36 scrutiny37 over38 costs39, capital40 spending41, and42 de