Owens Corning (OC) Ascends While Market Falls: Some Facts to Note

Owens Corning (OC) closed at $117.20, up 2.2% on the day, but has fallen 10.87% over the past month. The company faces headwinds with projected EPS declining 19.07% and revenue down 2.14% for the upcoming quarter. Full-year estimates show earnings declining 17.93% and revenue down 0.69%. The stock carries a Zacks Rank #3 (Hold) rating with a Forward P/E of 11.6, trading at a discount to its industry average, though the Building Products industry ranks in the bottom 11% of sectors.