FMP
Apr 28, 2025
Corning Incorporated, listed as NYSE:GLW, is a leading innovator in materials science, specializing in glass, ceramics, and optical physics. The company is set to release its quarterly earnings on April 29, 2025. Wall Street expects earnings per share to be $0.50, with projected revenue of around $3.63 billion. Corning's focus on innovation and partnerships with major tech companies like Samsung Electronics has been pivotal in its growth.
Corning is expected to show year-over-year revenue growth, driven by strong momentum across multiple segments. The company has consistently exceeded earnings expectations, with an average surprise of 3.34% over the last four quarters. In the most recent quarter, Corning reported a 1.79% earnings surprise, highlighting its ability to outperform market predictions.
A significant contributor to Corning's growth is its focus on product innovation, particularly in the realm of artificial intelligence. Samsung Electronics, the world's second-largest smartphone manufacturer, has chosen Corning’s Gorilla Armor 2 for its Galaxy S25 Ultra devices. This product is the industry's first scratch-resistant, anti-reflective glass ceramic cover material, enhancing display contrast by reducing surface reflections.
Corning's financial metrics provide insight into its market position. The company has a price-to-earnings (P/E) ratio of approximately 77.01, indicating that investors are willing to pay $77.01 for every dollar of earnings. Its price-to-sales ratio is about 2.89, suggesting that investors are paying $2.89 for every dollar of sales. The enterprise value to sales ratio is approximately 3.37, reflecting the company's total valuation relative to its sales.
The enterprise value to operating cash flow ratio is around 22.78, indicating the company's valuation in relation to its cash flow from operations. Corning's earnings yield is approximately 1.30%, representing the percentage of each dollar invested that was earned by the company. The debt-to-equity ratio is about 0.76, showing the proportion of debt to shareholders' equity. Lastly, Corning has a current ratio of approximately 1.62, indicating its ability to cover short-term liabilities with short-term assets.
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