Corning Incorporated (GLW) is due to report earnings before the opening bell on April 25, 2012. Below we can see the results of Corning Incorporated over the last few earnings periods.
Who They Are:
Corning Incorporated produces specialty glasses, ceramics, and related materials worldwide. The company operates in five segments: Display Technologies, Telecommunications, Environmental Technologies, Specialty Materials, and Life Sciences. The company was founded in 1851 and is headquartered in Corning, New York.
Book Value: $13.91
Float Short: 1.67%
What To Expect:
On average, 19 Analysts are expecting a drop of $-0.05 in earnings per share compared to last quarter's results of $0.33. Wall Street is expecting $0.28 per share based on earnings estimates. Wall Street is expecting results within $0.26 and $0.31 per share.
Here is a look at the fiscal year revenue for Corning Incorporated:
Click to enlarge.
Recent Stock and Valuation Performance:
Looking at the price movement over the last month, the stock has fallen in price -5.99%, and changing from last year at this time -35.36%.
When comparing to the S&P 500, the year to date difference is -7.37%.
Revenue growth relative to last year appears to be problematic for management. Comparing year-over-year fiscal years, revenue has declined to $7.89 billion for 2011 vs. $6.63 billion for 2010. The bottom line has falling earnings year-over-year of $2.81 billion for 2011 vs. $3.56 billion for 2010. The company's earnings before interest and taxes are falling with an EBIT year-over-year of $1.69 billion for 2011 vs. $1.80 billion for 2010.
The short interest is relatively low at 1.67%.
Here are the last few quarters to get an idea how well they perform compared to estimates:
Reported earnings per share compared to the mean estimate. Differences are rounded.
Disclaimer: Robert Weinstein uses information believed to be correct, but is not guaranteed and is not independently checked for accuracy You may wish to use this article as a starting point of your own research with your financial planner.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
