Corning Incexpected to post earnings of 51 cents a share - Earnings Preview

Corning Inc (GLW.N) (GLW) is expected to show a rise in quarterly revenue when it reports results on April 28 (estimated) for the period ending March 31 2025 The Corning New York-based company is expected to report a 11.8% increase in revenue to $3.643 billion from $3.26 billion a year ago, according to the mean estimate from 9 analysts, based on LSEG data.The company’s guidance on March 18 2025, for the period ended March 31, was for revenue of $3.600 billion. LSEG’s mean analyst estimate for Corning Inc is for earnings of 51 cents per share. The company’s EPS guidance on March 18 2025, for the period ended March 31, was between $0.48 and $0.52 The current average analyst rating on the shares is “buy” and the breakdown of recommendations is 11 “strong buy” or “buy,” 4 “hold” and no “sell” or “strong sell.” The mean earnings estimate of analysts had risen by about 0.3% in the last three months. Wall Street’s median 12-month price target for Corning Inc is $54.00, above its last closing price of $43.88. Previous quarterly performance (using preferred earnings measure in US dollars). QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI ENDING ARTESTIMAT ESTIMATE MET, SE % E® MISSED Dec. 31 2024 0.56 0.56 0.57 Beat 2 Sep. 30 2024 0.53 0.52 0.54 Beat 2.9 Jun. 30 2024 0.47 0.46 0.47 Beat 1.6 Mar. 31 2024 0.35 0.35 0.38 Beat 7.8 Dec. 0.39 0.39 0.39 Met -1 31 2023 Sep. 30 2023 0.46 0.47 0.45 Missed -3.8 Jun. 30 2023 0.46 0.46 0.45 Missed -1.3 Mar. 31 2023 0.39 0.39 0.41 Beat 5.3 This summary was machine generated April 25 at 12:40 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)