What is Zacks Research’s Forecast for O-I Glass Q2 Earnings?

O-I Glass, Inc. (NYSE:OI) – Analysts at Zacks Research decreased their Q2 2027 earnings estimates for O-I Glass in a research note issued 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 forecast of $0.64. Zacks Research 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.

Several other equities analysts also recently commented on the company. Wall Street Zen downgraded O-I Glass from a “strong-buy” rating to a “buy” rating in a research report on Sunday, February 15th. Robert W. Baird set a $20.00 price target on O-I Glass in a research note on Thursday, February 12th. Bank of America raised O-I Glass from a “neutral” rating to a “buy” rating and upped their price objective for the company from $14.00 to $17.00 in a report on Monday, November 17th. Truist Financial increased their price objective on O-I Glass from $17.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Finally, Wells Fargo & Company raised shares of O-I Glass from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $15.00 to $18.00 in a research report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $18.11.

O-I Glass Stock Performance

NYSE OI opened at $13.12 on Wednesday. The stock has a market cap of $2.00 billion, a PE ratio of -15.62, a P/E/G ratio of 0.58 and a beta of 0.78. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.77 and a current ratio of 1.25. The firm has a 50-day moving average of $15.24 and a 200-day moving average of $13.78. O-I Glass has a 52-week low of $9.23 and a 52-week high of $16.91.

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

Institutional Trading of O-I Glass

Large investors have recently made changes to their positions in the company. Farther Finance Advisors LLC raised its position in O-I Glass by 87.6% during the fourth 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 in the last quarter. Headlands Technologies LLC acquired a new stake in shares of O-I Glass in the 2nd quarter valued at $29,000. Quarry LP bought a new position in shares of O-I Glass in the 4th quarter valued at $32,000. Caitong International Asset Management Co. Ltd increased 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, State of Wyoming acquired a new position in shares of O-I Glass during the 2nd quarter worth $35,000. Institutional investors and hedge funds own 97.24% of the company’s stock.

Key Stories Impacting O-I Glass

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

• Positive Sentiment: RBC maintained an “Outperform” stance and still has a multi-dollar upside price target (lowered from $19 to $18), signaling continued conviction in O-I’s recovery potential. RBC target cut report
• Positive Sentiment: Zacks’ medium- to longer-term model shows some upgrades (raises to certain 2026/2027/2028 quarter and year estimates), indicating analysts see improving earnings power further out even as near-term figures slip.
• Neutral Sentiment: O-I presented at the BofA Global Agriculture & Materials Conference (CFO John Haudrich). Management reiterated plans for competitiveness, cost transformation and profitable growth — useful for assessing strategy execution but not immediately market-moving. Conference notice
• Neutral Sentiment: Transcript and slide deck from the BofA presentation are available for deeper review of management commentary and guidance assumptions. Useful for investors wanting management color. Conference transcript/slideshow
• Negative Sentiment: News outlets flagged Q1 EPS pressure and near-term earnings risk after recent updates — headlines say shares fell/gapped down on these concerns, increasing short-term volatility. MarketWatch: EPS pressure
• Negative Sentiment: Zacks substantially cut near-term quarterly estimates (notably Q1 2027 and earlier-period estimates) and trimmed FY2026/FY2027 outlooks in places — this reduces near-term earnings visibility and likely weighed on the stock.
• Negative Sentiment: Aggregated market headlines reported a gap-down and slide after the analyst moves and guidance concerns, reflecting how headlines and estimate revisions can drive intraday selling pressure. Kalkine: gap down Kalkine: RBC reaction

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.