Stock Analysis
- United States
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- Packaging
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- NYSE:OI
O-I Glass Full Year 2023 Earnings: EPS Misses Expectations
O-I Glass (NYSE:OI) Full Year 2023 Results
Key Financial Results
- Revenue: US$7.11b (up 3.6% from FY 2022).
- Net loss: US$103.0m (down by 118% from US$584.0m profit in FY 2022).
- US$0.67 loss per share (down from US$3.76 profit in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
O-I Glass EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.
Looking ahead, revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Packaging industry in the US.
Performance of the American Packaging industry.
The company's shares are up 3.7% from a week ago.
Risk Analysis
You still need to take note of risks, for example - O-I Glass has 1 warning sign we think you should be aware of.
Valuation is complex, but we're helping make it simple.
Find out whether O-I Glass is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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About NYSE:OI
O-I Glass
O-I Glass, Inc., through its subsidiaries, engages in the manufacture and sale of glass containers to food and beverage manufacturers primarily in the Americas, Europe, and internationally.
Undervalued with moderate growth potential.