What is Zacks Research's Estimate for Corning Q2 Earnings?

Key Points

• Zacks Research has upgraded its Q2 2027 earnings estimate for Corning, predicting earnings of $0.72 per share, an increase from their previous estimate of $0.70.
• Corning's stock received favorable ratings from multiple analysts, with a current consensus rating of "Moderate Buy" and a target price of $66.75.
• The company recently declared a quarterly dividend of $0.28, reflecting a dividend yield of 1.6% and a payout ratio of 119.15%.

Corning Incorporated (NYSE:GLW - Free Report) - Zacks Research boosted their Q2 2027 EPS estimates for shares of Corning in a report issued on Monday, September 1st. Zacks Research analyst Team now anticipates that the electronics maker will post earnings per share of $0.72 for the quarter, up from their previous forecast of $0.70. The consensus estimate for Corning's current full-year earnings is $2.33 per share. Zacks Research also issued estimates for Corning's FY2027 earnings at $2.94 EPS.

GLW has been the topic of several other reports. Citigroup raised their target price on shares of Corning from $52.00 to $60.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Argus restated a "buy" rating and issued a $68.00 price target on shares of Corning in a report on Wednesday, July 30th. JPMorgan Chase & Co. raised their price target on shares of Corning from $62.00 to $65.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Wall Street Zen upgraded shares of Corning from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. Finally, Mizuho raised their price target on shares of Corning from $63.00 to $74.00 and gave the company an "outperform" rating in a report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $66.75.

Corning Trading Up 1.3%

Shares of GLW traded up $0.90 during mid-day trading on Thursday, hitting $72.09. The company had a trading volume of 13,040,666 shares, compared to its average volume of 5,737,232. The business's 50-day simple moving average is $60.60 and its 200-day simple moving average is $51.67. The company has a quick ratio of 0.93, a current ratio of 1.50 and a debt-to-equity ratio of 0.58. Corning has a 1-year low of $37.31 and a 1-year high of $72.54. The stock has a market cap of $61.75 billion, a PE ratio of 76.69, a P/E/G ratio of 1.59 and a beta of 1.09.

Corning (NYSE:GLW - Get Free Report) last released its earnings results on Tuesday, July 29th. The electronics maker reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.03. Corning had a net margin of 5.77% and a return on equity of 17.27%. The business had revenue of $3.86 billion for the quarter, compared to analysts' expectations of $3.84 billion. During the same period last year, the company earned $0.47 earnings per share. Corning has set its Q3 2025 guidance at 0.630-0.670 EPS.

Hedge Funds Weigh In On Corning

Several hedge funds and other institutional investors have recently modified their holdings of the company. Osaic Holdings Inc. boosted its holdings in shares of Corning by 10.0% during the second quarter. Osaic Holdings Inc. now owns 203,864 shares of the electronics maker's stock valued at $10,713,000 after acquiring an additional 18,479 shares during the period. Total Investment Management Inc. acquired a new position in shares of Corning during the second quarter valued at $28,000. Centaurus Financial Inc. raised its stake in shares of Corning by 2.2% during the second quarter. Centaurus Financial Inc. now owns 15,165 shares of the electronics maker's stock valued at $798,000 after purchasing an additional 327 shares in the last quarter. Orion Porfolio Solutions LLC raised its stake in shares of Corning by 28.7% during the second quarter. Orion Porfolio Solutions LLC now owns 111,809 shares of the electronics maker's stock valued at $5,880,000 after purchasing an additional 24,904 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in shares of Corning by 94.1% during the second quarter. Thrivent Financial for Lutherans now owns 61,568 shares of the electronics maker's stock valued at $3,238,000 after purchasing an additional 29,855 shares in the last quarter. Institutional investors and hedge funds own 69.80% of the company's stock.

Insiders Place Their Bets

In related news, COO Avery H. Nelson III sold 36,240 shares of Corning stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $62.26, for a total value of $2,256,302.40. Following the completion of the sale, the chief operating officer owned 64,838 shares in the company, valued at approximately $4,036,813.88. The trade was a 35.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Michael Paul O'day sold 14,879 shares of Corning stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $62.36, for a total transaction of $927,854.44. Following the completion of the sale, the senior vice president owned 35,743 shares of the company's stock, valued at approximately $2,228,933.48. This trade represents a 29.39% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 163,950 shares of company stock valued at $10,449,192. 0.32% of the stock is owned by insiders.

Corning Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, August 29th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, August 29th. Corning's payout ratio is 119.15%.

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.