Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil EL&P Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Corning (GLW) Reports Q3: Everything You Need To Know Ahead Of Earnings By: StockStory October 28, 2024 at 03:16 AM EDT Glass and electronic component manufacturer Corning (NYSE:GLW) will be reporting earnings tomorrow before market hours. Here’s what to look for. Corning met analysts’ revenue expectations last quarter, reporting revenues of $3.60 billion, up 3.5% year on year. Despite the weak top line growth, it was a satisfactory quarter for the company, with a decent beat of analysts’ operating margin estimates. Is Corning a buy or sell going into earnings? Read our full analysis here, it’s free. This quarter, analysts are expecting Corning’s revenue to grow 7.6% year on year to $3.72 billion, a reversal from the 5.6% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.52 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Corning has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 0.8% on average. Looking at Corning’s peers in the electronic components segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Vicor’s revenues decreased 13.6% year on year, beating analysts’ expectations by 9.3%, and Rogers reported a revenue decline of 8.2%, falling short of estimates by 4.5%. Vicor traded up 13.9% following the results while Rogers was also up 1.9%. Read our full analysis of Vicor’s results here and Rogers’s results here. Investors in the electronic components segment have had fairly steady hands going into earnings, with share prices down 1.1% on average over the last month. Corning is up 2.4% during the same time and is heading into earnings with an average analyst price target of $45.81 (compared to the current share price of $46.25). When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback. Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Corning (GLW) Reports Q3: Everything You Need To Know Ahead Of Earnings By: StockStory October 28, 2024 at 03:16 AM EDT Glass and electronic component manufacturer Corning (NYSE:GLW) will be reporting earnings tomorrow before market hours. Here’s what to look for. Corning met analysts’ revenue expectations last quarter, reporting revenues of $3.60 billion, up 3.5% year on year. Despite the weak top line growth, it was a satisfactory quarter for the company, with a decent beat of analysts’ operating margin estimates. Is Corning a buy or sell going into earnings? Read our full analysis here, it’s free. This quarter, analysts are expecting Corning’s revenue to grow 7.6% year on year to $3.72 billion, a reversal from the 5.6% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.52 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Corning has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 0.8% on average. Looking at Corning’s peers in the electronic components segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Vicor’s revenues decreased 13.6% year on year, beating analysts’ expectations by 9.3%, and Rogers reported a revenue decline of 8.2%, falling short of estimates by 4.5%. Vicor traded up 13.9% following the results while Rogers was also up 1.9%. Read our full analysis of Vicor’s results here and Rogers’s results here. Investors in the electronic components segment have had fairly steady hands going into earnings, with share prices down 1.1% on average over the last month. Corning is up 2.4% during the same time and is heading into earnings with an average analyst price target of $45.81 (compared to the current share price of $46.25). When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.
Glass and electronic component manufacturer Corning (NYSE:GLW) will be reporting earnings tomorrow before market hours. Here’s what to look for. Corning met analysts’ revenue expectations last quarter, reporting revenues of $3.60 billion, up 3.5% year on year. Despite the weak top line growth, it was a satisfactory quarter for the company, with a decent beat of analysts’ operating margin estimates. Is Corning a buy or sell going into earnings? Read our full analysis here, it’s free. This quarter, analysts are expecting Corning’s revenue to grow 7.6% year on year to $3.72 billion, a reversal from the 5.6% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.52 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Corning has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 0.8% on average. Looking at Corning’s peers in the electronic components segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Vicor’s revenues decreased 13.6% year on year, beating analysts’ expectations by 9.3%, and Rogers reported a revenue decline of 8.2%, falling short of estimates by 4.5%. Vicor traded up 13.9% following the results while Rogers was also up 1.9%. Read our full analysis of Vicor’s results here and Rogers’s results here. Investors in the electronic components segment have had fairly steady hands going into earnings, with share prices down 1.1% on average over the last month. Corning is up 2.4% during the same time and is heading into earnings with an average analyst price target of $45.81 (compared to the current share price of $46.25). When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.
