Investors are always looking for stocks that are poised to beat at earnings season and Corning Incorporated (GLW) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Corning is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good i ...

Wall Street analysts forecast that Corning (GLW) will report quarterly earnings of $0.36 per share in its upcoming release, pointing to a year-over-year decline of 12.2%. It is anticipated that revenues will amount to $3.12 billion, exhibiting a decline of 7.3% compared to the year-ago quarter.The consensus EPS estimate for the quarter has undergone an upward revision of 1.5% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their i ...

Corning Incorporated (GLW) is set to report its first-quarter 2024 results on Apr 30, before the opening bell. It delivered a trailing four-quarter earnings surprise of 0.12% on average. In the last reported quarter, the communication components provider missed the Zacks Consensus Estimate by a penny.The advanced glass substrates producer is likely to witness a top-line contraction year over year, owing to demand softness in several end markets. Supply chain corrections and macroeconomic challenges are head ...

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PM Images/DigitalVision via Getty Images Introduction and thesis Corning Incorporated (NYSE:GLW) is a global technology company specializing in advanced materials and specialty glass. Founded in 1851 and headquartered in Corning, New York, the company operates in five segments: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials, and Life Sciences. Corning is a compelling business as its expertise is in a niche segment of specialized advanced materials, but has ...

Tech stocks are not known for their top-notch dividend policies. Many companies in this sector are busy inventing tomorrow's technologies, often prioritizing reinvestment over distributing cash profits through dividends.Let me paint a picture for you. There are 2,457 stocks trading on American stock exchanges with a market cap of at least $1 billion, according to Finviz. Of them, 1,504, or 61%, offer some sort of dividend payout.Narrow your view to the tech sector, and you'll find 111 dividend payers out of ...

Corning Incorporated Conference Call Summary Company Overview - **Company**: Corning Incorporated (NYSE: GLW) - **Date**: March 5, 2024 - **Participants**: Edward Schlesinger (CFO), Meta Marshall (Morgan Stanley) Key Industry Insights General Market Conditions - Corning has experienced recessionary demand across most of its portfolio throughout 2023, with expectations that Q1 2024 will mark a bottom for demand recovery [2][3] - The company is observing various signposts across segments to gauge when demand might return, including inventory digestion and deployment rates in Optical Communications and Display segments [3][5] Segment-Specific Insights Optical Communications - Customers have excess inventory, which is expected to be digested by mid-2024, potentially increasing sales even without increased deployments [3][10] - The long-term demand trajectory remains positive due to factors like broadband build-out and cloud computing needs, despite current sales being approximately 30% below trend lines [10][12] Display - Panel maker utilization was depressed in Q4 2023, but an increase is anticipated as the year progresses, indicating potential recovery in demand [5][15] - Price increases have been implemented to maintain profitability, with a focus on achieving a net income ratio of 25-30% [18][52] Life Sciences - Inventory digestion is occurring, particularly in North America and Europe, with expectations for growth as the market normalizes post-COVID [47] - The segment is expected to grow at a low to mid-single-digit rate, with certain subsegments like bioprocessing potentially growing faster [48] Automotive Glass - Corning sees significant opportunities in the automotive sector, with a total addressable market (TAM) of $100 per vehicle driven by trends in emissions control and connectivity [34] - The company has secured $1 billion in multi-year auto glass orders, with sales expected to ramp up as model years progress [36] Specialty Materials - Corning's Gorilla Glass sales have increased despite a decline in smartphone units, indicating strong innovation and market demand [42] - The company is also seeing growth in specialty glass for the semiconductor industry, which is expected to continue as the supply chain expands [43] Financial Performance and Strategy - Corning improved its gross margin by approximately 300 basis points in 2023, with a focus on maintaining profitability and cash flow [8][49] - The company has the capacity to drive an additional $3 billion in sales without significant capital investment, indicating a strong operational leverage point [50] - Capital expenditures for 2024 are expected to be lower than in 2023, with maintenance capital estimated at $1-1.1 billion [50] M&A and Future Outlook - Corning is primarily focused on organic growth but remains open to opportunistic M&A, particularly in the optical and life sciences sectors [67] - The company is cautiously optimistic about the impact of BEAD funds on demand, expecting more significant effects in 2025 than in 2024 [12][14] Additional Considerations - The impact of currency fluctuations, particularly the yen, has been managed through pricing strategies and hedging [24][18] - The company remains the market leader in the display space and is willing to trade market share for profitability [22][18] - Corning is exploring AI opportunities but considers it early days for significant internal applications [56][58] This summary encapsulates the key points discussed during the conference call, highlighting Corning's current market conditions, segment performance, financial strategies, and future outlook.

Corning Incorporated (NYSE:GLW) Morgan Stanley Technology, Media & Telecom Conference Call March 5, 2024 11:00 AM ET Company Participants Edward Schlesinger - Executive Vice President and Chief Financial Officer Conference Call Participants Meta Marshall - Morgan Stanley Meta Marshall All right. Welcome, everybody. I'm Meta Marshall. I cover the networking space here at Morgan Stanley. We're delighted to have Corning here today, Edward Schlesinger, CFO. For important disclosures, please see the Morgan Stanl ...

A month has gone by since the last earnings report for Corning (GLW) . Shares have lost about 1.2% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Corning due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Corning Q4 Earnings Miss Estimates on Lower RevenuesCorning r ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___ Commission file number: 1-3247 CORNING INCORPORATED (Exact name of registrant as specified in its charter) New York 16-0393470 (State or other ju ...