Owens-Illinois stocks will be under scrutiny in lead up to earnings report

Owens-Illinois, Inc. (NYSE:OI) is next scheduled to report earnings for the current quarter on 27 October 2015.

The company is currently expected to earn $0.74 per share, based on the seven covering brokerages weighted into that average. Investors will be watching closely to see how this number fluctuates leading up to the reporting date as analysts continuously update their models.

Over the next 12-months sell-side research firms are predicting that the stock will reach targets in the range of $24-27. The average based on seven price targets is $25.142. Placing these targets into a 1-5 rating system where 1 represents a Strong Buy rating and 5 indicates a Strong Sell rating, produces a score of 3 for Owens-Illinois, Inc.

Analysts have placed the consensus earnings per share estimate for the current year at $2.32. The most bullish analysis sees the company reporting earnings per share of $2.46 while the most bearish is predicting a current year EPS number of $2.18.