Zacks Research Has Negative Outlook of O-I Glass Q2 Earnings

O-I Glass, Inc. (NYSE:OI) – Analysts at Zacks Research lowered their Q2 2027 EPS estimates for O-I Glass in a note issued to investors on Tuesday, February 24th. Zacks Research analyst Team now anticipates that the industrial products company will post earnings per share of $0.62 for the quarter, down from their prior estimate of $0.64. Zacks Research currently has a “Hold” 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’ Q3 2027 earnings at $0.68 EPS, Q4 2027 earnings at $0.49 EPS, FY2027 earnings at $2.24 EPS and FY2028 earnings at $2.66 EPS.

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

Other analysts also recently issued reports about the stock. Citigroup dropped their price target on shares of O-I Glass from $17.00 to $16.00 and set a “neutral” rating on the stock in a research report on Thursday, February 12th. Truist Financial raised their target price on O-I Glass from $17.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of O-I Glass in a research report on Thursday, January 22nd. Wall Street Zen downgraded shares of O-I Glass from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 15th. Finally, Robert W. Baird set a $20.00 price objective on shares of O-I Glass in a research note on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, O-I Glass has an average rating of “Moderate Buy” and an average price target of $18.22.

O-I Glass Stock Performance

Shares of OI stock opened at $12.87 on Wednesday. The business has a 50 day simple moving average of $15.27 and a 200 day simple moving average of $13.79. The company has a debt-to-equity ratio of 3.35, a current ratio of 1.25 and a quick ratio of 0.77. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of -15.32, a price-to-earnings-growth ratio of 0.67 and a beta of 0.78. O-I Glass has a 12-month low of $9.23 and a 12-month high of $16.91.

Institutional Trading of O-I Glass

A number of institutional investors have recently added to or reduced their stakes in OI. Alliancebernstein L.P. raised its stake in shares of O-I Glass by 194.6% in the 2nd quarter. Alliancebernstein L.P. now owns 7,939,841 shares of the industrial products company’s stock valued at $117,033,000 after acquiring an additional 5,244,440 shares in the last quarter. Wellington Management Group LLP acquired a new position in O-I Glass during the fourth quarter valued at approximately $40,090,000. Arrowstreet Capital Limited Partnership grew its holdings in O-I Glass by 288.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,215,632 shares of the industrial products company’s stock valued at $47,463,000 after purchasing an additional 2,388,299 shares during the last quarter. Brandywine Global Investment Management LLC bought a new position in shares of O-I Glass in the fourth quarter valued at approximately $25,064,000. Finally, Bank of America Corp DE lifted its stake in shares of O-I Glass by 222.6% in the second quarter. Bank of America Corp DE now owns 2,206,251 shares of the industrial products company’s stock worth $32,520,000 after buying an additional 1,522,384 shares during the last quarter. 97.24% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting O-I Glass

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

• Positive Sentiment: Management presented its shareholder‑value plan at the BofA Securities Global Agriculture & Materials conference, emphasizing competitiveness, disciplined cost transformation and profitable growth — a roadmap that could support medium‑term margin and cash‑flow improvement. O-I to Present at BofA Securities 2026 Global Agriculture and Materials Conference
• Positive Sentiment: Zacks raised some quarterly and longer‑term estimates (notably Q3/Q4 tweaks and a FY2028 view) — suggesting some analysts see earnings power improving over the next 12–24 months. Zacks Research estimate updates (via MarketBeat)
• Neutral Sentiment: The company published a full conference transcript and slideshow; these provide more detail on execution priorities but did not include new guidance or material surprises that would clearly reverse today’s selloff. O-I Glass, Inc. (OI) Presents at Bank of America 2026 Global Agriculture and Materials Conference Transcript Slideshow
• Neutral Sentiment: Brokerage consensus remains mixed-to-favorable (a “Moderate Buy” consensus was reported), indicating some buy‑side interest despite near‑term weakness. O-I Glass Receives Consensus Rating of “Moderate Buy”
• Negative Sentiment: Zacks lowered its FY2027 and Q2 2027 EPS projections (while tweaking other quarters), trimming near‑term earnings expectations — a direct negative for sentiment and a likely driver of today’s selling pressure. Zacks Research cuts FY2027/Q2 estimates (via MarketBeat)
• Negative Sentiment: Recent quarterly results showed a slight revenue shortfall and negative net margin, underscoring that recovery hinges on execution of cost and pricing actions — investors may be discounting execution risk given O‑I’s elevated leverage. Recent earnings summary (via MarketBeat)

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.