Corning, Inc. (GLW)

The shares of Corning (GLW; $39.74; O/P) traded down 7% today after this morning’s Q2 print and are now down 14% in just the past two weeks as its early-July positive pre-announcement “lost some of…

Corning (GLW; $42,68; E/W) reported Q2 “core” EPS of $0.47, which was in line with our recently raised $0.47 and slightly ahead of the Street’s $0.46 on core sales of $3,604mm (vs. our $3,600mm and…

We think the “bar has been raised” for Corning (GLW; $45.84; O/P) into its Q2 results and outlook, scheduled for July 30th (before market), given how well received its recent positive Q2 update was received…

We raise our above consensus 2024/2025E EPS for Corning (GLW; $38.44; O/P) from $2.00/2.33 to $2.07/2.40 on the back of this morning’s positive Q2 guidance update. By comparison, we note that the Street was only…

We are raising our rating on the shares of Corning (GLW; $37.25) from Equal-Weight to Outperform and set a $45 target after joining an extensive facility visit to its Sullivan Park Research & Development campus…

We adjust 2024/2025E EPS for Corning (GLW; $33.35; E/W) from $1.95/$2.30 to $2.00/$2.30 after some Q1 EPS upside with Q2E guidance that encompassed our and Street’s bottom-line thinking. Q1 revenue and Q2E sales targets were…

Corning (GLW; $31.78; E/W) reported Q1 “core” EPS of $0.38, which was ahead of our consensus matching $0.35 on core sales upside ($3,258mm vs. our $3,100mm and the Street’s $3,118mm). Recall, GLW targeted Q1 sales…

At 16.1X our slightly above consensus 2024E EPS, we see the risk/reward on the shares of Corning (GLW; $31.49; E/W) to be fairly balanced ahead of its Q1 results and guidance on Tuesday, April 30th…

We maintain our EPS forecasts on Corning (GLW; $31.91; E/W) following our review of its recently filed 10-K, albeit with somewhat of a downward bias to our current modeling. This is due to a few…

We adjust 2024E EPS for Corning (GLW; $33.30; E/W) from $2.00 to $1.95 after Q4 results lived up to expectations but Q1E guidance was on the disappointing side. GLW also “called the bottom” with its…

Corning (GLW; $31.15; E/W) reported Q4 “core” EPS of $0.39, which was in line with consensus and ahead of our $0.37 on slightly better than expected core sales ($3,272mm vs. our $3,255mm and the Street’s…

Yesterday (1/17), Corning (GLW; $30.22; E/W) announced that Samsung Electronics’ just introduced Galaxy S24 Ultra smartphone will feature GLW’s new Gorilla Armor cover glass. As per a press release from GLW, Gorilla Armor is the…

Last week, Corning (GLW; $30.60; E/W) announced at the Consumer Electronics Show (CES) that it collaborated with BOE Technology Group to develop a 44.6” ultra-large oxide panel for automotive cockpit display designs. Importantly, GLW is…

Corning (GLW; $30.00; E/W) recently unveiled its Fusion5 Glass, which is the company’s latest automotive exterior glass for windshields, and part of its Auto Glass Solutions business that has been building a market position over…

We reduce 2023/2024E EPS for Corning (GLW; $26.86; E/W) from $1.78/$2.13 to $1.68/$2.00 after a “meet and lower” Q3 print. Q3 EPS of $0.45 was in line with our forecast and a penny below the…