Corning (GLW) has beaten analyst's estimates in each of the last five quarters and will try to do so again on Wednesday, July 25, 2012.

Expectations

Analysts currently expect Corning to come in with earnings of 32 cents per share on revenues of $2.02 billion. Estimates from analysts range from earnings per share to earnings per share. Over the past three months, the average estimate has moved down from 33 cents.

Stock Movement

In terms of price changes, the stock's best recent streak was when it gained $1.01 per share between June 4, 2012 and June 19, 2012.

Company Fundamental Trends
While last quarter's drop snapped a string of revenue increases, the company will look to right itself during the upcoming earnings period. Revenue rose 17.1% in the second quarter of the last fiscal year, 29.5% in the third quarter of the last fiscal year and 6.9%in the fourth quarter of the last fiscal year before dropping in the first quarter. The company will look to use this earnings announcement to rebound after suffering income drops the past two quarters. Net income fell 53% during the fourth quarter of the last fiscal year and yet again in the first quarter.

Stock Ratings

Analysts are split on Corning, but seven of 20 analysts rate it hold. Analyst sentiment has been waning recently, as the average rating has dropped slightly over the past three months.

Last Quarter's Results

In the first quarter, profit fell 38.2% to $462 million (30 cents a share) from $748 million (47 cents a share) the year earlier, but exceeded analyst expectations. Revenue fell 0.2% to $1.92 billion from $1.92 billion.

Summary

 

Reporting Period: 2Q

Date of Release: Wednesday, July 25, 2012 before market open

EPS: 32 cents

Revenue Estimate: $2.02 billion

 

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)