Corning Stock Likely To Trade Sideways Post Q4

Corning (NYSE: GLW) is scheduled to report its Q4 2022 results on Tuesday, January 31. We expect the company to post revenue and earnings in line with the street expectations. Although the company has benefited from 5G expansion and cloud computing in recent quarters, it expects a sequential decline in optical communication segment sales in Q4, primarily due to the timing of specific projects. Furthermore, we believe GLW stock has little room for growth, as discussed below. Our interactive dashboard analysis of Corning Earnings Preview has additional details.

(1) Revenues expected to be in line with the consensus estimates