O-I Glass (NYSE:OI) Posts Quarterly Earnings Results, Misses Expectations By $0.25 EPS

O-I Glass (NYSE:OI) announced its quarterly earnings results on Tuesday. The industrial products company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.25), FiscalAI reports. The company had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.64 billion. The company’s revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.48 earnings per share.

O-I Glass Trading Up 0.1%

Shares of NYSE OI opened at $6.45 on Wednesday. The company has a 50 day simple moving average of $6.35 and a 200 day simple moving average of $9.69. O-I Glass has a 1 year low of $5.30 and a 1 year high of $16.91.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on OI shares. Royal Bank Of Canada decreased their target price on shares of O-I Glass from $8.00 to $7.00 and set a “sector perform” rating on the stock in a research note on Tuesday, October 13th. UBS Group downgraded shares of O-I Glass from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $11.00 to $6.00 in a report on Monday, October 5th. Zacks Research upgraded O-I Glass from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Robert W. Baird set a $13.00 price objective on O-I Glass in a report on Thursday, July 30th. Finally, Wells Fargo & Company cut their price objective on O-I Glass from $12.00 to $10.00 and set an “overweight” rating on the stock in a report on Monday, October 19th. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, O-I Glass has a consensus rating of “Hold” and a consensus target price of $9.06.

O-I Glass News Roundup

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

• Positive Sentiment: O-I reported third-quarter net sales of $1.623 billion, with one market report noting that revenue exceeded its estimate. Sales in the Americas increased to $970 million from $940 million a year earlier. O-I Glass Reports Q3 Loss, Tops Revenue Estimates
• Positive Sentiment: The company said its “Fit to Win” program generated approximately $50 million of benefits in the quarter and $135 million year to date. O-I also ended the quarter with roughly $1.5 billion in liquidity, providing financial flexibility. O-I Glass Reports $13 Million Third-Quarter Loss, Cuts 2026 Outlook
• Neutral Sentiment: Management scheduled a conference call for October 28 to discuss the results. Investors will likely focus on demand trends, European restructuring, cost inflation and the company’s path to restoring profitability. O-I Glass Reports Third Quarter 2026 Results
• Negative Sentiment: O-I posted an adjusted loss of $0.09 per share, versus $0.48 of earnings a year earlier. Revenue declined 1.8% year over year to $1.62 billion, while the loss missed several analyst estimates despite beating a more pessimistic FactSet comparison. O-I Glass Earnings Flash
• Negative Sentiment: Europe was the main problem: segment operating profit plunged to $2 million from $95 million as sales fell to $634 million from $688 million. O-I cited soft demand, energy and freight inflation, and a slower-than-expected regional recovery. O-I Glass Q3 2026 Earnings
• Negative Sentiment: Management cut 2026 guidance to adjusted EBITDA of $925 million-$950 million and expects to use approximately $300 million of free cash flow. It also anticipates $100 million-$120 million of fourth-quarter charges tied to a proposed permanent European plant closure. O-I Glass Cuts 2026 Outlook

O-I Glass Company Profile

O-I Glass, Inc is a global manufacturer of glass packaging products. The company produces glass bottles and jars primarily for the food, beverage, beer, wine, spirits, and pharmaceutical industries, serving brand owners and consumer-products companies.

Its products are designed to provide packaging, preservation, and presentation for a range of consumer goods. O-I also offers glass packaging in various shapes, sizes, and colors, including custom solutions developed for individual brands.

The company traces its history to the Owens Bottle Company, founded in 1903, and the Illinois Glass Company.