Can Corning Beat These Numbers?

Corning (NYS: 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.


Revenue details
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.

EPS details
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.

Recent performance
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.

Looking ahead

The full year's average estimate for revenue is $7.93 billion. The average EPS estimate is $1.28.

Investor sentiment
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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The article Can Corning Beat These Numbers? originally appeared on Fool.com.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool recommends Corning. The Motley Fool owns shares of Corning. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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