Zacks Research Has Bearish Estimate for Corning Q2 Earnings

Corning Incorporated (NYSE:GLW - Free Report) - Equities researchers at Zacks Research dropped their Q2 2025 EPS estimates for shares of Corning in a note issued to investors on Tuesday, May 20th. Zacks Research analyst R. Department now forecasts that the electronics maker will post earnings of $0.56 per share for the quarter, down from their previous estimate of $0.57. The consensus estimate for Corning's current full-year earnings is $2.33 per share. Zacks Research also issued estimates for Corning's Q4 2025 earnings at $0.60 EPS, FY2025 earnings at $2.32 EPS, Q1 2026 earnings at $0.57 EPS and Q3 2026 earnings at $0.68 EPS.

GLW has been the subject of several other reports. Hsbc Global Res upgraded shares of Corning from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 30th. HSBC upgraded shares of Corning from a "hold" rating to a "buy" rating and upped their price target for the company from $51.00 to $60.00 in a research report on Thursday, January 30th. JPMorgan Chase & Co. decreased their price target on shares of Corning from $62.00 to $50.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Oppenheimer decreased their price target on shares of Corning from $58.00 to $55.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Finally, Citigroup reduced their price objective on shares of Corning from $58.00 to $50.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $53.08.

Corning Trading Down 0.4%

NYSE GLW traded down $0.17 on Thursday, hitting $48.38. The company's stock had a trading volume of 4,889,753 shares, compared to its average volume of 5,972,750. The company has a quick ratio of 1.07, a current ratio of 1.62 and a debt-to-equity ratio of 0.62. Corning has a 1-year low of $35.40 and a 1-year high of $55.33. The company's 50-day moving average is $44.78 and its 200 day moving average is $47.52. The firm has a market cap of $41.44 billion, a PE ratio of 83.42, a PEG ratio of 1.50 and a beta of 1.09.

Corning (NYSE:GLW - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The electronics maker reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.03. Corning had a net margin of 3.86% and a return on equity of 15.10%. The company had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.63 billion. During the same period in the previous year, the firm posted $0.38 EPS. The firm's revenue was up 12.9% on a year-over-year basis.

Corning Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.32%. The ex-dividend date is Friday, May 30th. Corning's dividend payout ratio is presently 215.38%.

Insider Buying and Selling

In related news, SVP Michael Alan Bell sold 20,262 shares of the stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $44.06, for a total transaction of $892,743.72. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP John Z. Zhang sold 8,000 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $46.91, for a total transaction of $375,280.00. Following the transaction, the vice president now directly owns 9,610 shares in the company, valued at approximately $450,805.10. This represents a 45.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of GLW. Sound Income Strategies LLC raised its holdings in Corning by 76.7% during the fourth quarter. Sound Income Strategies LLC now owns 523 shares of the electronics maker's stock worth $25,000 after buying an additional 227 shares during the last quarter. Sierra Ocean LLC acquired a new position in Corning during the fourth quarter worth $25,000. Asset Planning Inc acquired a new position in Corning during the fourth quarter worth $29,000. Vermillion Wealth Management Inc. acquired a new position in Corning during the fourth quarter worth $29,000. Finally, Putney Financial Group LLC acquired a new position in Corning during the fourth quarter worth $30,000. Institutional investors and hedge funds own 69.80% of the company's stock.

About Corning

Corning Incorporated engages in the display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses in the United States and internationally. The company's Display Technologies segment offers glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes that are used in televisions, notebook computers, desktop monitors, tablets, and handheld devices.