Corning (NYSE: GLW ) is expected to report Q4 earnings on Jan. 29. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Corning's revenues will expand 10.0% and EPS will decrease 0.0%.
The average estimate for revenue is $2.08 billion. On the bottom line, the average EPS estimate is $0.33.
Last quarter, Corning booked revenue of $2.04 billion. GAAP reported sales were 1.8% lower than the prior-year quarter's $2.08 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.34. GAAP EPS of $0.35 for Q3 were 31% lower than the prior-year quarter's $0.51 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 43.1%, 400 basis points worse than the prior-year quarter. Operating margin was 19.4%, 810 basis points worse than the prior-year quarter. Net margin was 25.6%, 1,350 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $7.93 billion. The average EPS estimate is $1.28.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 5,264 members out of 5,384 rating the stock outperform, and 120 members rating it underperform. Among 1,030 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,013 give Corning a green thumbs-up, and 17 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Corning is outperform, with an average price target of $14.68.
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