Zacks Research Has Bullish Forecast for Corning Q2 Earnings

Corning Incorporated (NYSE:GLW) – Analysts at Zacks Research increased their Q2 2027 earnings estimates for shares of Corning in a research report issued to clients and investors on Monday, September 1st. Zacks Research analyst Team now anticipates that the electronics maker will earn $0.72 per share for the quarter, up from their previous forecast of $0.70. The consensus estimate for Corning’s current full-year earnings is $2.33 per share. Zacks Research also issued estimates for Corning’s FY2027 earnings at $2.94 EPS.

GLW has been the subject of a number of other research reports. Susquehanna reiterated a “positive” rating and issued a $75.00 price objective (up previously from $60.00) on shares of Corning in a report on Wednesday, July 30th. Morgan Stanley set a $56.00 price objective on shares of Corning and gave the company an “equal weight” rating in a report on Wednesday, July 30th. Barclays increased their price target on shares of Corning from $52.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 30th. Mizuho increased their price target on shares of Corning from $63.00 to $74.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Finally, Wall Street Zen raised shares of Corning from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 2nd. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $66.75.

Corning Stock Up 0.5%

GLW opened at $69.68 on Thursday. The company has a market cap of $59.69 billion, a PE ratio of 74.13, a price-to-earnings-growth ratio of 1.55 and a beta of 1.09. The company has a quick ratio of 0.93, a current ratio of 1.50 and a debt-to-equity ratio of 0.58. Corning has a twelve month low of $37.31 and a twelve month high of $70.64. The company has a 50-day moving average price of $60.22 and a 200 day moving average price of $51.55.

Corning (NYSE:GLW) last posted its earnings results on Tuesday, July 29th. The electronics maker reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.03. Corning had a net margin of 5.77% and a return on equity of 17.27%. The business had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.84 billion. During the same period in the prior year, the company posted $0.47 EPS. Corning has set its Q3 2025 guidance at 0.630-0.670 EPS.

Institutional Investors Weigh In On Corning

Hedge funds and other institutional investors have recently modified their holdings of the company. REAP Financial Group LLC raised its stake in Corning by 191.5% during the 2nd quarter. REAP Financial Group LLC now owns 516 shares of the electronics maker’s stock worth $27,000 after acquiring an additional 339 shares in the last quarter. Total Investment Management Inc. acquired a new stake in Corning during the 2nd quarter worth $28,000. Vermillion Wealth Management Inc. acquired a new stake in Corning during the 4th quarter worth $29,000. Putney Financial Group LLC acquired a new stake in Corning during the 4th quarter worth $30,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in Corning during the 2nd quarter worth $36,000. 69.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, COO Avery H. Nelson III sold 36,240 shares of the stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $62.26, for a total transaction of $2,256,302.40. Following the completion of the transaction, the chief operating officer owned 64,838 shares of the company’s stock, valued at approximately $4,036,813.88. This trade represents a 35.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Edward A. Schlesinger sold 14,082 shares of the firm’s stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $62.28, for a total transaction of $877,026.96. Following the completion of the transaction, the chief financial officer directly owned 78,316 shares of the company’s stock, valued at $4,877,520.48. This represents a 15.24% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 163,950 shares of company stock worth $10,449,192 in the last three months. 0.40% of the stock is currently owned by corporate insiders.

Corning Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.6%. Corning’s dividend payout ratio (DPR) is presently 119.15%.

Corning Company Profile

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.