Core Viewpoint - Corning (GLW) is expected to report a quarterly earnings per share (EPS) of $0.50, reflecting a 31.6% increase year-over-year, with revenues projected at $3.43 billion, a 5.2% increase from the previous year [1]. Earnings Estimates - There has been no revision in the consensus EPS estimate for the quarter over the past 30 days, indicating stability in analysts' projections [2]. - Changes in earnings estimates are crucial for predicting investor reactions, with empirical studies showing a strong correlation between earnings estimate revisions and short-term stock performance [3]. Revenue Forecasts - Analysts project 'Net Sales- Display Technologies' to reach $912.96 million, a year-over-year increase of 4.7% [5]. - 'Net Sales- Optical Communications' is expected to be $1.27 billion, reflecting a significant year-over-year increase of 36.2% [5]. - 'Net Sales- Hemlock and Emerging Growth Businesses' is estimated at $321.84 million, indicating a 3.5% year-over-year change [5]. - 'Net Sales- Specialty Materials' is forecasted at $468.60 million, a 3.2% increase from the prior year [6]. - 'Net Sales- Life Sciences' is expected to be $249.16 million, showing a 5.6% increase from the previous year [6]. - 'Net Sales- Environmental Technologies' is projected to reach $419.24 million, reflecting a decline of 7.9% year-over-year [6]. Segment Net Income Estimates - 'Segment Net Income- Optical Communications' is estimated at $169.93 million, up from $100 million in the same quarter last year [7]. - 'Segment Net Income- Display Technologies' is projected at $221.66 million, compared to $201 million in the same quarter last year [7]. - 'Segment Net Income- Life Sciences' is expected to reach $19.50 million, an increase from $13 million year-over-year [8]. - 'Segment Net Income- Environmental Technologies' is forecasted at $90.91 million, down from $105 million in the previous year [8]. - 'Segment Net Income- Specialty Materials' is estimated at $72.16 million, compared to $44 million in the same quarter last year [9]. Stock Performance - Corning shares have shown a return of -3.7% over the past month, slightly better than the Zacks S&P 500 composite's -4.3% change, with a Zacks Rank of 3 (Hold) indicating expected performance in line with the overall market [10].
Insights Into Corning (GLW) Q1: Wall Street Projections for Key Metrics