Corning (GLW) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Core Viewpoint - The market anticipates Corning (GLW) will report a year-over-year increase in earnings driven by higher revenues when it releases its quarterly results for the period ending June 2024, with the earnings report expected on July 30, 2024 [1] Earnings Expectations - Corning is projected to post quarterly earnings of $0.46 per share, reflecting a year-over-year change of +2.2$3.49 billion, which is an increase of 0.3% from the same quarter last year [2] Estimate Revisions - The consensus EPS estimate has been revised 2.69% higher in the last 30 days, indicating a positive reassessment by analysts [2] - The Most Accurate Estimate for Corning is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +1.59% [5] Earnings Surprise Prediction - A positive Earnings ESP is a strong indicator of a potential earnings beat, especially when combined with a Zacks Rank of 1 (Strong Buy) [4] - Corning currently holds a Zacks Rank of 1, suggesting a high likelihood of beating the consensus EPS estimate [6] Historical Performance - In the last reported quarter, Corning exceeded the expected earnings of $0.36 per share by delivering$0.38, resulting in a surprise of +5.56% [7] - Over the past four quarters, Corning has beaten consensus EPS estimates only once [7] Conclusion - Corning is viewed as a compelling candidate for an earnings beat, but investors should consider other factors that may influence stock performance beyond just earnings results [8]