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

O-I Glass, Inc. (NYSE:OI) – Analysts at Zacks Research lowered their Q3 2026 EPS estimates for shares of O-I Glass in a research report issued to clients and investors on Tuesday, September 29th. Zacks Research analyst Team now forecasts that the industrial products company will post earnings of $0.03 per share for the quarter, down from their prior estimate of $0.07. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for O-I Glass’ current full-year earnings is $0.37 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.

Several other research analysts also recently commented on OI. Bank of America reaffirmed an “underperform” rating and issued a $11.00 price objective on shares of O-I Glass in a report on Tuesday, July 14th. Robert W. Baird set a $13.00 target price on shares of O-I Glass in a report on Thursday, July 30th. Truist Financial dropped their target price on O-I Glass from $13.00 to $10.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Wells Fargo & Company cut their price target on O-I Glass from $13.00 to $12.00 and set an “overweight” rating for the company in a report on Wednesday, July 15th. Finally, UBS Group reduced their price target on O-I Glass from $15.00 to $11.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $10.31.

O-I Glass Price Performance

Shares of NYSE:OI opened at $5.65 on Wednesday. The company has a quick ratio of 0.77, a current ratio of 1.26 and a debt-to-equity ratio of 8.89. The firm has a market capitalization of $868.64 million, a PE ratio of -0.75, a P/E/G ratio of 2.10 and a beta of 0.68. O-I Glass has a twelve month low of $5.51 and a twelve month high of $16.91. The company has a 50-day moving average price of $6.88 and a two-hundred day moving average price of $8.60.

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

Institutional Trading of O-I Glass

A number of large investors have recently modified their holdings of the business. BlackRock Inc. purchased a new position in shares of O-I Glass during the second quarter valued at about $225,727,000. Bank of America Corp DE purchased a new stake in O-I Glass in the second quarter worth about $33,436,000. Cooper Creek Partners Management LLC boosted its position in O-I Glass by 73.8% during the 1st quarter. Cooper Creek Partners Management LLC now owns 7,006,293 shares of the industrial products company’s stock valued at $73,636,000 after acquiring an additional 2,975,181 shares in the last quarter. Edmond DE Rothschild Holding S.A. bought a new stake in O-I Glass during the 2nd quarter valued at approximately $19,260,000. Finally, Brandywine Global Investment Management LLC purchased a new position in shares of O-I Glass during the 4th quarter worth approximately $25,064,000. Institutional investors own 97.24% of the company’s stock.

Key O-I Glass News

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

• Positive Sentiment: Zacks raised its FY2027 EPS forecast to $1.40 from $1.33, increased its Q3 2027 estimate to $0.40 from $0.36, and lifted its Q4 2027 estimate to $0.38 from $0.37. These revisions suggest improved profitability expectations beyond the current year. O-I Glass Stock Gets Higher EPS Forecast from Zacks Research
• Positive Sentiment: Zacks also raised its FY2028 EPS forecast to $2.78 from $2.67, while increasing Q1 2028 EPS to $0.68 from $0.67 and Q2 2028 EPS to $0.79 from $0.75. The longer-term upgrades could support the stock if investors believe the company’s earnings recovery is achievable.
• Neutral Sentiment: Zacks maintained a “Hold” rating on O-I Glass. The unchanged rating indicates that, despite better long-term estimates, analysts do not yet see enough evidence to recommend buying the shares.
• Negative Sentiment: Near-term forecasts were reduced: FY2026 EPS fell to $0.21 from $0.26, Q3 2026 EPS to $0.03 from $0.07, Q4 2026 EPS to $0.03 from $0.05, Q1 2027 EPS to $0.20 from $0.24, and Q2 2027 EPS to $0.36 from $0.38. These cuts point to continued earnings pressure before the projected recovery.

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.