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

O-I Glass, Inc. (NYSE:OI) – Investment analysts at Zacks Research lowered their Q3 2026 earnings per share (EPS) estimates for O-I Glass in a research report issued to clients and investors on Tuesday, September 29th. Zacks Research analyst Team now anticipates that the industrial products company will earn $0.03 per share for the quarter, down from their prior estimate of $0.07. Zacks Research has a “Hold” rating on the stock. The consensus estimate for O-I Glass’ current full-year earnings is $0.39 per share. Zacks Research also issued estimates for O-I Glass’ Q4 2026 earnings at $0.03 EPS, FY2026 earnings at $0.21 EPS, Q1 2027 earnings at $0.20 EPS, Q2 2027 earnings at $0.36 EPS, Q4 2027 earnings at $0.37 EPS, Q1 2028 earnings at $0.68 EPS, Q2 2028 earnings at $0.79 EPS and FY2028 earnings at $2.78 EPS.

O-I Glass (NYSE:OI) last posted its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.15). The business had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.68 billion. O-I Glass had a negative net margin of 18.13% and a positive return on equity of 10.40%. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.53 earnings per share.

Several other research firms also recently issued reports on OI. Weiss Ratings downgraded shares of O-I Glass from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, September 16th. BNP Paribas Exane downgraded shares of O-I Glass from an “outperform” rating to a “neutral” rating and set a $8.50 price target for the company. in a research report on Thursday, July 30th. Royal Bank Of Canada lowered shares of O-I Glass from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from $10.00 to $8.00 in a research note on Thursday, August 13th. Bank of America reiterated an “underperform” rating and issued a $11.00 price objective on shares of O-I Glass in a report on Tuesday, July 14th. Finally, UBS Group reduced their target price on O-I Glass from $15.00 to $11.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $10.31.

O-I Glass Price Performance

O-I Glass stock opened at $5.63 on Wednesday. The stock has a market capitalization of $865.87 million, a P/E ratio of -0.75, a P/E/G ratio of 2.05 and a beta of 0.66. The company’s fifty day moving average price is $7.01 and its 200 day moving average price is $8.68. The company has a debt-to-equity ratio of 8.89, a quick ratio of 0.77 and a current ratio of 1.26. O-I Glass has a 1 year low of $5.61 and a 1 year high of $16.91.

Institutional Investors Weigh In On O-I Glass

A number of large investors have recently made changes to their positions in the stock. Sequoia Financial Advisors LLC acquired a new stake in shares of O-I Glass in the second quarter valued at approximately $139,000. IPG Investment Advisors LLC grew its holdings in O-I Glass by 4.7% in the 2nd quarter. IPG Investment Advisors LLC now owns 548,063 shares of the industrial products company’s stock valued at $5,278,000 after buying an additional 24,705 shares in the last quarter. Waverly Advisors LLC purchased a new stake in O-I Glass in the 2nd quarter valued at $135,000. Corient Private Wealth LP acquired a new stake in shares of O-I Glass in the 2nd quarter worth $254,000. Finally, Amundi raised its holdings in shares of O-I Glass by 5.3% during the 2nd quarter. Amundi now owns 178,649 shares of the industrial products company’s stock worth $1,721,000 after acquiring an additional 8,921 shares during the period. 97.24% of the stock is currently owned by hedge funds and other institutional investors.

About O-I Glass

O-I Glass, Inc (NYSE: OI) is a global manufacturer of glass packaging. The company produces bottles and jars primarily for the food, beverage, beer, wine, spirits, and nonalcoholic beverage industries, as well as containers for certain pharmaceutical and other consumer products.

O-I Glass provides packaging solutions that include container design, lightweighting, glass decoration, and related technical services. Its products are made from glass, a material that can be recycled repeatedly without loss of quality, supporting the company’s focus on recyclable and more sustainable packaging.

The company traces its history to the Owens Bottle Company, founded in 1903, and later became known as Owens-Illinois before adopting the O-I Glass name.