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Here's What To Expect From Corning's Q1 [Forbes]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
(NYSE: GLW) will report its Q1 2024 results on Tuesday, April 30. We expect the company's revenues to come in at $3.1 billion and adjusted earnings of $0.35 per share, aligning with the consensus estimates. Corning expects Q1 to be a low quarter, with growth expected in the coming quarters. While we expect the company to post an in-line Q1, we think its stock is appropriately priced. Our interactive dashboard analysis of has more details on how the company's revenues and earnings will likely trend for the quarter. So, what are some of the trends that are likely to drive Corning's results? Firstly, let us look at its stock performance in recent years. GLW stock has seen a decline of 15% from levels of $35 in early January 2021 to around $30 now, vs. an increase of about 30% for the S&P 500 over this roughly three-year period. However, the decrease in GLW stock has been far from consistent. Returns for the stock were 3% in 2021, -14% in 2022, and -5% in 2023. In comparison, returns f
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