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Corning (NYSE:GLW) will be releasing its next round of earnings this Wednesday, January 27. For all of the relevant information, here is your guide for Wednesday's Q4 earnings announcement.
Net Income, Earnings, And Earnings Per Share
Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.
Earnings And Revenue
Sell-side analysts expect Corning's EPS to be near $0.48 on sales of $3.19 billion. Corning reported a profit of $0.46 per share when it published results during the same quarter last year. Sales in that period totaled $2.85 billion.
What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?
Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.
If the company were to match the consensus estimate when it reports Wednesday, EPS would be up 4.35%. Revenue would be have grown 11.89% from the same quarter last year. Corning's reported EPS has stacked up against analyst estimates in the past like this:
Shares of Corning were trading at $38.45 as of January 25. Over the last 52-week period, shares are up 35.66%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Corning is scheduled to hold the call at 08:30:00 ET and can be accessed here.
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