- Corning ( NYSE: GLW ) is scheduled to announce Q3 earnings results on Tuesday, October 25th, before market open.
- The consensus EPS Estimate is $0.51 (-8.9% Y/Y) and the consensus Revenue Estimate is $3.67B (+1.9% Y/Y).
- Over the last 2 years, GLW has beaten EPS estimates 88% of the time and has beaten revenue estimates 75% of the time.
- Over the last 3 months, EPS estimates have seen 0 upward revisions and 7 downward. Revenue estimates have seen 0 upward revisions and 7 downward.
- The company secured $104M funding last month to expand its manufacturing of medical glass tubing and vials.
- In late August, Corning announced it's expanding its optical cable manufacturing capacity through a new facility in Arizona, which is set to add about 250 jobs and open in 2024.
- Corning ( GLW ) shares have outperform sector median with stock price down 16.30% over the past one-year compared to sector's negative return of 38% and S&P 500 -17.5%.
- Seeking Alpha Quant Rating system assigns a Hold to GLW while SA Authors give Strong Buy and Wall Street analysts Buy.
- " Corning is now trading at a very attractive valuation. It has a strong track record of innovation and is set to benefit from tailwinds in the optical fiber segment ," explained Seeking Alpha contributor Gen Alpha at Strong Buy rating.
For further details see:
Corning Q3 2022 Earnings Preview