Zacks Research Weighs in on Corning's Q3 Earnings (NYSE:GLW)

Key Points

• Zacks Research has increased its Q3 2026 earnings per share (EPS) estimate for Corning to $0.69, up from a previous EPS estimate of $0.68.
• Corning reported a $0.54 EPS for its last quarter, exceeding analyst expectations of $0.51, with revenue increasing by 12.9% year-over-year.
• The company declared a quarterly dividend of $0.28 per share, resulting in an annualized yield of 2.01%, despite a high payout ratio of 215.38%.

Corning Incorporated (NYSE:GLW - Free Report) - Zacks Research upped their Q3 2026 earnings per share (EPS) estimates for shares of Corning in a report issued on Tuesday, July 22nd. Zacks Research analyst R. Department now forecasts that the electronics maker will post earnings of $0.69 per share for the quarter, up from their prior estimate of $0.68. The consensus estimate for Corning's current full-year earnings is $2.33 per share. Zacks Research also issued estimates for Corning's FY2026 earnings at $2.63 EPS, Q1 2027 earnings at $0.58 EPS and FY2027 earnings at $2.80 EPS.

Corning (NYSE:GLW - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The electronics maker reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.03. Corning had a return on equity of 16.47% and a net margin of 3.34%. The firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.63 billion. During the same quarter in the previous year, the company posted $0.38 EPS. The business's revenue was up 12.9% on a year-over-year basis.

Other research analysts have also issued reports about the company. Citigroup lifted their price objective on Corning from $52.00 to $60.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Mizuho boosted their price target on Corning from $52.00 to $59.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. JPMorgan Chase & Co. increased their price objective on shares of Corning from $52.00 to $62.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Oppenheimer cut their price objective on shares of Corning from $58.00 to $55.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Finally, Morgan Stanley increased their price objective on shares of Corning from $44.00 to $50.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 8th. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $57.45.

Corning Trading Down 0.2%

NYSE GLW opened at $55.72 on Friday. The business's 50-day moving average price is $51.31 and its two-hundred day moving average price is $48.65. Corning has a 12 month low of $37.18 and a 12 month high of $56.25. The company has a current ratio of 1.69, a quick ratio of 1.05 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $47.72 billion, a PE ratio of 107.15, a price-to-earnings-growth ratio of 1.50 and a beta of 1.11.

Hedge Funds Weigh In On Corning

Several institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its position in shares of Corning by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 18,470,610 shares of the electronics maker's stock valued at $875,633,000 after buying an additional 533,686 shares during the last quarter. Northern Trust Corp raised its stake in Corning by 2.0% in the 4th quarter. Northern Trust Corp now owns 10,870,375 shares of the electronics maker's stock valued at $516,560,000 after acquiring an additional 208,826 shares during the period. Norges Bank bought a new stake in Corning in the 4th quarter valued at about $490,933,000. Dimensional Fund Advisors LP raised its stake in Corning by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 9,800,573 shares of the electronics maker's stock valued at $465,723,000 after acquiring an additional 78,497 shares during the period. Finally, Amundi raised its stake in Corning by 64.3% in the 1st quarter. Amundi now owns 6,408,605 shares of the electronics maker's stock valued at $271,237,000 after acquiring an additional 2,507,797 shares during the period. Institutional investors own 69.80% of the company's stock.

Insider Activity at Corning

In related news, SVP Stefan Becker sold 17,106 shares of the firm's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $49.68, for a total transaction of $849,826.08. Following the transaction, the senior vice president directly owned 16,117 shares of the company's stock, valued at $800,692.56. This trade represents a 51.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP John Z. Zhang sold 9,610 shares of the firm's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $49.29, for a total transaction of $473,676.90. The disclosure for this sale can be found here. Insiders sold 75,796 shares of company stock valued at $3,632,635 over the last three months. Insiders own 0.40% of the company's stock.

Corning Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, August 29th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date is Friday, August 29th. Corning's payout ratio is currently 215.38%.

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.

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