Building and construction materials manufacturer Owens Corning (NYSE: OC) will be reporting earnings this Wednesday morning. Here’s what investors should know.

Owens Corning beat analysts’ revenue expectations by 0.7% last quarter, reporting revenues of $2.53 billion, up 25.4% year on year. It was a slower quarter for the company, with a significant miss of analysts’ organic revenue estimates.

Is Owens Corning a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Owens Corning’s revenue to decline 2.8% year on year to $2.71 billion, a reversal from the 8.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $3.82 per share.

Heading into earnings, analysts covering the company have grown increasingly bullish with revenue estimates seeing 3 upward revisions over the last 30 days (we track 10 analysts). Owens Corning has missed Wall Street’s revenue estimates four times over the last two years.

Looking at Owens Corning’s peers in the home construction materials segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Masco’s revenues decreased 2% year on year, beating analysts’ expectations by 2.4%, and Simpson reported revenues up 5.7%, topping estimates by 5.3%. Masco traded up 4.7% following the results while Simpson was also up 10.7%.

Read our full analysis of Masco’s results here and Simpson’s results here.

Investors in the home construction materials segment have had steady hands going into earnings, with share prices up 1.4% on average over the last month. Owens Corning is down 3.4% during the same time and is heading into earnings with an average analyst price target of $169.47 (compared to the current share price of $137.50).

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