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

O-I Glass, Inc. (NYSE:OI) – Investment analysts at Zacks Research dropped their Q3 2026 earnings estimates for shares of O-I Glass in a report released on Tuesday, May 12th. Zacks Research analyst Team now expects that the industrial products company will post earnings of $0.53 per share for the quarter, down from their previous forecast of $0.62. Zacks Research 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.

Several other equities analysts have also recently commented on the stock. Wall Street Zen cut shares of O-I Glass from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Wells Fargo & Company cut shares of O-I Glass from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $18.00 to $13.00 in a research report on Friday, March 20th. Truist Financial restated a “buy” rating and issued a $14.00 target price (down from $15.00) on shares of O-I Glass in a research report on Thursday, April 30th. Robert W. Baird set a $20.00 target price on shares of O-I Glass in a research report on Thursday, February 12th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of O-I Glass in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $15.50.

O-I Glass Price Performance

Shares of NYSE: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. The stock has a market capitalization of $1.38 billion, a PE ratio of -7.37, a PEG ratio of 1.01 and a beta of 0.65. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 3.35. O-I Glass has a 12 month low of $8.00 and a 12 month high of $16.91.

O-I Glass (NYSE:OI) last issued its earnings results on Tuesday, April 28th. The industrial products company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.04). The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.47 billion. O-I Glass had a negative net margin of 2.91% and a positive return on equity of 13.65%. O-I Glass’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.40 earnings per share. O-I Glass has set its FY 2026 guidance at 1.000-1.500 EPS.

Insider Buying and Selling

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

A number of institutional investors have recently modified their holdings of OI. Farther Finance Advisors LLC boosted its stake in shares of 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 valued at $26,000 after purchasing an additional 830 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of O-I Glass in the 2nd quarter valued at $29,000. Quarry LP bought a new stake in shares of O-I Glass in the 4th quarter valued at $32,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of 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 valued at $32,000 after purchasing an additional 2,192 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in shares of O-I Glass by 64.1% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,350 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 918 shares during the last quarter. 97.24% of the stock is owned by institutional investors.

O-I Glass News Summary

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.

O-I Glass Company Profile

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.