Corning Inc
General ticker "GLW" information:
- Sector: Information Technology
- Industry: Electronic Equipment, Instruments & Components
- Capitalization: $41.3B
Corning Inc follows the US Stock Market performance with the rate: 69.1%.
Estimated limits based on current volatility of 1.0%: low 46.65$, high 47.62$
Factors to consider:
- Company included in S&P500 list
- Company pays dividends: last record date 2024-11-15, amount 0.28$ (Y2.36%)
- Current price 20.7% above estimated high
- Earnings for 9 months up through Q3 exceed our estimates
Stock Forecast*
* forecast is subjective and experimental, should not be used for any investment decisions
Long term estimates were made for the period from 2023-12-31 to 2025-12-30
- 2023-12-31 to 2024-12-30 estimated range: [26.61$, 39.36$]
- 2024-12-30 to 2025-12-30 estimated range: [31.36$, 44.75$]
Financial Metrics affecting the GLW estimates:
- Positive: 0.93 < Non-GAAP EPS, $ of 1.70
- Negative: Inventory ratio change, % of 1.85 > 1.08
- Positive: -0.25 < Return on assets ratio (scaled to [-100,100]) of 2.22
- Positive: -3.48 < Investing cash flow per share, $ of -1.18
- Positive: 1.03 < Operating profit margin, % of 7.07
- Positive: Industry inventory ratio change (median), % of 0.43 <= 0.49
- Negative: Operating cash flow per share per price, % of 8.06 <= 12.76
Short-term GLW quotes
Long-term GLW plot with estimates
Financial data
YTD | 2021-12-31 | 2022-12-31 | 2023-12-31 |
---|---|---|---|
Operating Revenue | $14,082.00MM | $14,189.00MM | $12,588.00MM |
Operating Expenses | $11,970.00MM | $12,751.00MM | $11,698.00MM |
Operating Income | $2,112.00MM | $1,438.00MM | $890.00MM |
Non-Operating Income | $314.00MM | $359.00MM | $-74.00MM |
Interest Expense | $300.00MM | $292.00MM | $329.00MM |
R&D Expense | $995.00MM | $1,047.00MM | $1,076.00MM |
Income(Loss) | $2,426.00MM | $1,797.00MM | $816.00MM |
Taxes | $491.00MM | $411.00MM | $168.00MM |
Profit(Loss) | $1,935.00MM | $1,386.00MM | $648.00MM |
Stockholders Equity | $12,333.00MM | $12,008.00MM | $11,551.00MM |
Inventory | $2,481.00MM | $2,904.00MM | $2,666.00MM |
Assets | $30,154.00MM | $29,499.00MM | $28,500.00MM |
Operating Cash Flow | $3,412.00MM | $2,615.00MM | $2,005.00MM |
Capital expenditure | $1,637.00MM | $1,604.00MM | $1,390.00MM |
Investing Cash Flow | $-1,419.00MM | $-1,355.00MM | $-1,000.00MM |
Financing Cash Flow | $-2,452.00MM | $-1,649.00MM | $-883.00MM |
Earnings Per Share* | $1.30 | $1.56 | $0.69 |
* EPS are Split Adjusted, recent splits may be reflected with a delay.