6 Reasons To Add Owens-Illinois (OI) To Your Portfolio Now
Zacks Investment Research | May 24, 2017 10:16PM ET
Shares of Owens-Illinois, Inc. (NYSE:OI) , manufacturer and seller of glass container products to food and beverage manufacturers, have been performing well of late. The stock has yielded a one-year return of around 27.7%. If you haven’t taken advantage of the share price appreciation yet, the time is right for you to add the stock to portfolio as it looks promising and is poised to carry the momentum ahead. The Zacks Rank #2 (Buy) stock has an estimated long-term earnings growth rate of 9.03%.
Estimates Moving Up
All the seven available estimates for fiscal 2017 and 2018 for Owens-Illinois have moved up in the past 30 days, reflecting the optimistic outlook of analysts.
The estimate for fiscal 2017 has gone up 3% to $2.50, reflecting a year-over-year growth of 8.04%. The Zacks Consensus Estimate for earnings for fiscal 2018 has also moved north 3% to $2.67, a year-over-year growth of 6.81%.
Positive Earnings Surprise History
Owens-Illinois has an impressive earnings surprise history. The company has outpaced the Zacks Consensus Estimate in the trailing four quarters, delivering a positive average earnings surprise of 5.92%.
Ahead of the Industry
In the last one year, Owens-Illinois outperformed the Zacks classified Zacks Investment Research
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