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Style is calculated by combining value and growth scores, which are first individually calculated. As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. You are being directed to https://1investing.in/ ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
Corning (GLW)
GLW’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. Morningstar analysts hand-select direct competitors or comparable companies to
provide context on the strength and durability of GLW’s
competitive advantage. The technique has proven to be very useful for finding positive surprises. In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest.
10 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for Corning in the last twelve months. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should “moderate buy” GLW shares.
Based on an average daily trading volume, of 4,200,000 shares, the days-to-cover ratio is presently 1.9 days. Corning issued an update on its third quarter 2023 earnings guidance on Tuesday, July, 25th. The company provided EPS guidance of $0.45- for the period, compared to the consensus estimate of $0.53. The company issued revenue guidance of $3.50 billion-$3.50 billion, compared to the consensus revenue estimate of $3.70 billion.
The world’s most famous glassmaker just beat earnings — and promised to do it again next quarter, too. Japan’s Nikkei 225 index advanced but most other regional markets fell. Oil prices retreated slightly, with Brent crude settling just below $90 a barrel. Silver fell for a sixth straight session, the first time it has happened this year. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time.
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Much of the information fueled hopes that the Fed might moderate interest rate increases to fight inflation, which has been easing for months. Coming off the Labor Day holiday in the U.S., investors have few economic reports to look forward to this week, while the latest round of corporate earnings is essentially finished. “While oil bulls are dancing in the street, the notable price uptick could prove challenging for central banks and financial markets, which were embellishing the current lower inflation groove,” Stephen Innes of SPI Asset Management said in a commentary. Corning makes specialty glass and ceramics that are used in everything from flat-screen TVs to optical fiber to biosensors for drug research.
These returns cover a period from January 1, 1988 through July 31, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations.
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The latest jobless claims report suggested the labor market is still tight. Initial claims fell to the lowest level since early February, marking a fourth straight week of declines, the Labor Department said Thursday. Unexpectedly strong services data drove a down session yesterday.
Corning Incorporated’s (NYSE:GLW) Intrinsic Value Is Potentially 52% Above Its Share Price – Simply Wall St
Corning Incorporated’s (NYSE:GLW) Intrinsic Value Is Potentially 52% Above Its Share Price.
Posted: Sun, 10 Sep 2023 13:42:52 GMT [source]
Corning announced a quarterly dividend on Wednesday, June 21st. Shareholders of record on Thursday, August 31st will be given a dividend of $0.28 per share on Thursday, September 28th. This represents a $1.12 dividend on an annualized basis underwriting job description and a dividend yield of 3.58%. Corning saw a drop in short interest during the month of August. As of August 31st, there was short interest totaling 7,900,000 shares, a drop of 12.0% from the August 15th total of 8,980,000 shares.
Does GLW pay dividends? If so, how much?
Texas Instruments, UMC, and Corning could all cushion the blow of a market crash with their stable growth and reliable dividends. The materials science company is preparing for margin expansion in 2022. The glass company delivered an impressive Q4 earnings report.
The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. For 170 years, Corning has combined its unparalleled expertise in glass science, ceramic science, and optical physics with deep manufacturing and engineering capabilities to develop life-changing innovations. Corning’s stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.84%), State Street Corp (3.70%), Geode Capital Management LLC (1.91%), Northern Trust Corp (1.38%), Dimensional Fund Advisors LP (1.11%) and Bank of New York Mellon Corp (0.87%). The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. Learn more about how we are governed by a Board consisting of twelve independent directors and how we tie executive compensation strongly to financial performance. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Click the link below and we’ll send you MarketBeat’s list of the 10 best stocks to own in 2023 and why they should be in your portfolio. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services.
- Visit Performance Disclosure for information about the performance numbers displayed above.
- Morningstar analysts hand-select direct competitors or comparable companies to
provide context on the strength and durability of GLW’s
competitive advantage. - DocuSign, GameStop, Dave & Buster’s and Kroger are set to report their most recent quarterly financial results this week.
- The S&P/ASX 200 in Australia slipped 0.6% to 7,273.30 as the government reported the economy grew at a 2.3% annual pace in the last quarter.
© 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. Compare
GLW’s historical performance
against its industry peers and the overall market.
Its health could provide more insight into how inflation is affecting consumer spending. Energy stocks rose along with crude oil prices after Saudi Arabia and Russia said they will extend their voluntary production cut of 1 million barrels of oil a day through the end of the year. Crude oil prices pushed higher, adding to inflationary pressures at a time when investors are hoping to see central banks back away from interest rate hikes.
Corning is a materials science behemoth with differentiated glass products for televisions, notebooks, mobile devices, wearables, optical fiber, cars, and pharmaceutical packaging. In its 170 years of operation, the company has constantly innovated (including inventing glass optical fiber and ceramic substrates for catalytic converters) and oriented itself toward evolving demand trends that it can serve through its core competency of materials science. Most recently, we point to Corning’s domination of the smartphone cover glass market and deals with U.S. network carriers to supply fiber for 5G buildouts as evidence of the pivot toward growth.