Corning ( NYSE: GLW ) is scheduled to announce Q4 earnings results on Tuesday, January 31st, before market open.
The consensus EPS Estimate is $0.44 (-18.5% Y/Y) and the consensus Revenue Estimate is $3.54B (-4.6% Y/Y).
Over the last 3 months, EPS estimates have seen 0 upward revisions and 2 downward. Revenue estimates have seen 0 upward revisions and 5 downward.
The materials firm's Q4 guidance missed expectations , hurt by significantly lower volume in display technologies and constrained automotive production.
CEO Wendell Weeks noted that in Q3, "display panel maker utilization reached its lowest level since 2008; and smartphone, tablet, and notebook retail unit sales declined significantly".
Investors will take some comfort in Corning's latest collaboration with PGT Innovations ( PGTI ) to produce next-generation glass technology beginning this year.
A bullish SA contributor analysis last week suggests Corning's top-line for 2023 will be more more positive after the macro headwinds in 2022, with the supply chain improving and a return of double-digit growth in the company's display segment.
Over the last 2 years, GLW has beaten EPS estimates 75% of the time and has beaten revenue estimates 75% of the time.
For further details see:
Corning Q4 preview: What to expect