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Corning Earnings Preview

Corning (NYSE:GLW) is preparing to release its quarterly earnings on Tuesday, 2024-10-29. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect Corning to report an earnings per share (EPS) of $0.53.

The announcement from Corning is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.

It's worth noting for new investors that guidance can be a key determinant of stock price movements.

Performance in Previous Earnings

During the last quarter, the company reported an EPS beat by $0.01, leading to a 0.68% increase in the share price on the subsequent day.

Here's a look at Corning's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.46

0.35

0.39

0.47

EPS Actual

0.47

0.38

0.39

0.45

Price Change %

1.0%

0.0%

-2.0%

-0.0%

Corning Share Price Analysis

Shares of Corning were trading at $46.25 as of October 25. Over the last 52-week period, shares are up 75.43%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

Analysts' Perspectives on Corning

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Corning.

Analysts have provided Corning with 10 ratings, resulting in a consensus rating of Outperform. ...