
- Corning’s Core Earnings Per Share (EPS) for the second quarter was 60 cents, beating the estimated 57 cents and showing an increase from the previous year’s 47 cents.
- Core sales reached $4.05 billion, a 12% growth year-over-year, surpassing the estimate of $3.86 billion.
- Display Technologies reported a decline in net sales to $898 million, which is an 11% decrease from the previous year.
- Optical Communications saw a significant increase in net sales to $1.57 billion, marking a 41% year-over-year growth.
- Specialty Materials achieved net sales of $545 million, representing an 8.8% increase year-over-year.
- Life Sciences’ net sales slightly rose to $250 million, showing a 0.4% increase from the previous year.
- All Other categories experienced a 10% growth in net sales, totaling $326 million.
- Analyst recommendations include 13 buy ratings, 3 hold ratings, and 1 sell rating.
Corning Inc on Smartkarma
Analyst coverage of Corning Inc on Smartkarma by Baptista Research showcases a positive outlook on the company’s performance. In the report titled “Corning Incorporated: Advancements in Automotive Glass Solutions & Key Growth Catalysts,” the first-quarter 2025 results demonstrate a significant increase in sales, surpassing guidance with a 13% year-over-year growth. The company also tripled its EPS at a rate faster than sales, and enhanced its operating margin by 250 basis points to 18%. This performance highlights Corning’s positive trajectory as it progresses into the second year of its Springboard plan, aiming for substantial sales growth and elevated operating margins by 2026.
In another report by Baptista Research titled “Corning Incorporated: Broadening Participation in Solar & Advanced Automotive Solutions For Upping Their Game! – Major Drivers,” the company’s strong fourth quarter and full-year 2024 results are highlighted. With a record high sales of $3.9 billion in the fourth quarter, registering an 18% year-over-year surge, Corning Incorporated successfully completed the first year of its Springboard growth plan. The company also achieved a 46% increase in EPS, reaching $0.57, and expanded its operating margin by 220 basis points to 18.5%. These reports by Baptista Research provide valuable insights into Corning Inc‘s promising performance and growth prospects.
A look at Corning Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Corning Inc, a global technology-based company known for its production of optical fiber, cable, and photonic components for the telecommunications industry, as well as glass panels and display components, has received a mix of Smart Scores in its long-term outlook evaluation. With a balanced score of 3 in Value, Dividend, Growth, and Resilience, the company demonstrates stability across these key factors. However, the standout score of 5 in Momentum suggests a strong upward trend for Corning Inc in the foreseeable future. This high momentum score indicates positive market sentiment towards the company’s growth potential and overall performance.
Incorporating its solid foundation in key areas like value and resilience along with a notable momentum score, Corning Inc seems well-positioned for long-term success. While the company may not currently be excelling in any single factor, the combination of balanced scores across multiple aspects showcases a steady and promising outlook. Investors looking for a company with consistent performance and strong growth prospects may find Corning Inc to be a compelling choice based on the Smartkarma Smart Scores analysis.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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