Corning, Inc. (GLW)

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…

Corning (GLW; $26.93; E/W) reported Q3 “core” EPS of $0.45, which was in line with our $0.45 but a penny below the Street’s $0.46 despite somewhat lower than expected core sales ($3,459mm vs. our $3,500mm…

We think the recent 16% decline in the shares of Corning (GLW; $30.02; E/W), to basically around multi-year lows, represents an interesting “battlefront” for bulls and bears. We think this is especially the case when…

We are fine tuning our 2023/2024E EPS for Corning (GLW; $32.22; E/W) from $1.80/$2.15 to $1.78/$2.13 to better consider likely sales pressures on Environmental Technologies (12% of 2023E sales and 16% of EBIT ex-corporate) for…

We maintain 2023E EPS for Corning (GLW; $34.00; E/W) at $1.80, down 14% YoY, after another “meet and lower” we warned would be the case. By comparison, 2023E EPS consensus stood at $1.97. Q2 EPS…

Corning (GLW; $33.19; E/W) reported Q2 “core” EPS of $0.45, which compared to our $0.46 and the Street’s $0.45, on core sales of $3,482mm (vs. our $3,513mm and consensus of $3,481mm). Recall, GLW targeted Q2…