Zacks Research Issues Positive Outlook for Corning Earnings

Corning Incorporated (NYSE:GLW) – Research analysts at Zacks Research lifted their FY2026 earnings per share estimates for Corning in a research note issued on Monday, November 24th. Zacks Research analyst Team now anticipates that the electronics maker will post earnings per share of $2.90 for the year, up from their previous estimate of $2.87. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Corning’s current full-year earnings is $2.33 per share. Zacks Research also issued estimates for Corning’s Q4 2026 earnings at $0.83 EPS, Q1 2027 earnings at $0.62 EPS, Q3 2027 earnings at $0.86 EPS and FY2027 earnings at $3.10 EPS.

Corning (NYSE:GLW) last released its quarterly earnings results on Tuesday, October 28th. The electronics maker reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. The firm had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.24 billion. Corning had a net margin of 9.16% and a return on equity of 18.12%. The firm’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 EPS. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS.

GLW has been the subject of several other reports. Barclays boosted their price objective on Corning from $65.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 29th. Wall Street Zen cut Corning from a “strong-buy” rating to a “hold” rating in a research report on Saturday, September 13th. Citigroup increased their price objective on Corning from $93.00 to $99.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. JPMorgan Chase & Co. upped their target price on shares of Corning from $85.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Corning in a research report on Wednesday, November 19th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Corning currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.64.

Corning Stock Performance

GLW opened at $82.94 on Wednesday. The firm’s fifty day simple moving average is $84.10 and its two-hundred day simple moving average is $66.94. Corning has a 52-week low of $37.31 and a 52-week high of $92.57. The company has a market cap of $71.11 billion, a price-to-earnings ratio of 52.49, a PEG ratio of 1.99 and a beta of 1.15. The company has a quick ratio of 0.93, a current ratio of 1.56 and a debt-to-equity ratio of 0.62.

Corning Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 14th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.12 dividend on an annualized basis and a yield of 1.4%. Corning’s payout ratio is 70.89%.

Insider Buying and Selling

In other news, EVP Lewis A. Steverson sold 23,142 shares of the stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $89.05, for a total value of $2,060,795.10. Following the completion of the sale, the executive vice president owned 17,575 shares of the company’s stock, valued at $1,565,053.75. This represents a 56.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Stefan Becker sold 12,100 shares of the company’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $91.28, for a total value of $1,104,488.00. Following the completion of the transaction, the senior vice president owned 5,049 shares in the company, valued at $460,872.72. This represents a 70.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 173,856 shares of company stock worth $15,456,476 over the last ninety days. 0.40% of the stock is currently owned by insiders.

Institutional Trading of Corning

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Corning by 1.6% in the second quarter. Vanguard Group Inc. now owns 97,952,109 shares of the electronics maker’s stock valued at $5,151,301,000 after purchasing an additional 1,582,895 shares in the last quarter. Davis Investment Partners LLC purchased a new position in Corning in the 2nd quarter valued at approximately $251,000. Central Pacific Bank Trust Division grew its stake in Corning by 23.6% during the 2nd quarter. Central Pacific Bank Trust Division now owns 72,982 shares of the electronics maker’s stock worth $3,838,000 after purchasing an additional 13,920 shares in the last quarter. Motley Fool Asset Management LLC increased its holdings in Corning by 10.5% during the 2nd quarter. Motley Fool Asset Management LLC now owns 44,037 shares of the electronics maker’s stock worth $2,316,000 after purchasing an additional 4,183 shares during the period. Finally, Strs Ohio acquired a new stake in Corning in the 1st quarter valued at about $27,219,000. 69.80% of the stock is owned by institutional investors and hedge funds.

About Corning

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.