Will Corning (GLW) Beat Estimates Again in Its Next Earnings Report?

Core Viewpoint - Corning (GLW) is highlighted as a strong candidate for investors due to its consistent performance in beating earnings estimates, particularly in the last two quarters, with an average surprise of 2.82% [1][5]. Earnings Performance - In the last reported quarter, Corning achieved earnings of $0.57 per share, surpassing the Zacks Consensus Estimate of$0.56 per share, resulting in a surprise of 1.79% [2]. - For the previous quarter, Corning's earnings were $0.54 per share against an expected$0.52, delivering a surprise of 3.85% [2]. Earnings Estimates and Predictions - Recent estimates for Corning have been trending upward, with a positive Earnings ESP (Expected Surprise Prediction) indicating a strong potential for an earnings beat [5][8]. - The current Earnings ESP for Corning is +2%, suggesting increased analyst optimism regarding its near-term earnings potential [8]. Zacks Rank and Success Rate - Corning holds a Zacks Rank of 2 (Buy), which, when combined with a positive Earnings ESP, indicates a high likelihood of another earnings beat [8]. - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% success rate in beating consensus estimates [6].