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Corning (GLW)

(Delayed Data from NYSE)

$31.53 USD

31.53
3,169,092

-0.02 (-0.06%)

Updated Apr 23, 2024 04:00 PM ET

After-Market: $31.52 -0.01 (-0.03%) 5:26 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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2-Buy of 5   2      

Style Scores:

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.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

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.

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B Value D Growth A Momentum B VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 17% (44 out of 252)

Industry: Communication - Components

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Balance Sheet

Research for GLW

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Corning Incorporated falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 1,779 1,671 2,148 2,672 2,434
Receivables 1,572 1,721 2,004 2,133 1,836
Notes Receivable 0 0 0 0 0
Inventories 2,666 2,904 2,481 2,438 2,320
Other Current Assets 1,195 1,157 1,026 761 873
Total Current Assets 7,212 7,453 7,659 8,004 7,463
Net Property & Equipment 14,630 15,371 15,804 15,742 15,337
Investments & Advances 0 0 0 0 334
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 1,153 1,073 1,066 1,121 1,157
Intangibles 3,285 3,423 3,569 3,768 3,120
Deposits & Other Assets 2,220 2,179 2,056 2,140 1,487
Total Assets 28,500 29,499 30,154 30,775 28,898
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 1,466 1,804 1,612 1,174 1,587
Current Portion Long-Term Debt 320 224 55 156 11
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 2,533 3,147 3,139 2,437 1,923
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 0 0 0 0 0
Total Current Liabilities 4,319 5,175 4,806 3,767 3,521
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 7,206 6,687 6,989 7,816 7,729
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 5,107 5,362 5,814 5,744 4,651
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 16,632 17,224 17,609 17,327 15,901
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 2,300 2,300
Common Stock (Par) 916 910 907 863 859
Capital Surplus 16,929 16,682 16,475 14,642 14,323
Retained Earnings 16,391 16,778 16,389 16,120 16,408
Other Equity -1,731 -1,563 -963 -549 -1,081
Treasury Stock 20,637 20,532 20,263 19,928 19,812
Total Shareholder's Equity 11,868 12,275 12,545 13,448 12,997
Total Liabilities & Shareholder's Equity 28,500 29,499 30,154 30,775 28,898
Total Common Equity 11,868 12,275 12,545 11,148 10,697
Shares Outstanding 853.10 845.80 853.40 764.00 769.10
Book Value Per Share 13.91 14.51 14.70 14.59 13.91

Fiscal Year End for Corning Incorporated falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 1,779 1,639 1,538 1,146
Receivables NA 1,572 1,725 1,674 1,688
Notes Receivable NA 0 0 0 0
Inventories NA 2,666 2,655 2,757 2,863
Other Current Assets NA 1,195 1,279 1,324 1,180
Total Current Assets NA 7,212 7,298 7,293 6,877
Net Property & Equipment NA 14,630 14,407 14,681 15,137
Investments & Advances NA 0 0 0 0
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 1,153 1,037 1,083 1,106
Intangibles NA 3,285 3,310 3,354 3,396
Deposits & Other Assets NA 2,220 2,226 2,234 2,306
Total Assets NA 28,500 28,278 28,645 28,822
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 1,466 1,459 1,519 1,662
Current Portion Long-Term Debt NA 320 297 187 197
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 2,533 2,529 2,705 2,914
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 0 0 0 0
Total Current Liabilities NA 4,319 4,285 4,411 4,773
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 0 0 0 0
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 7,206 7,210 7,437 6,654
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 5,039 5,087 5,188
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 16,632 16,534 16,935 16,615
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 916 915 915 911
Capital Surplus NA 16,929 16,877 16,817 16,746
Retained Earnings NA 16,391 16,673 16,509 16,713
Other Equity NA -1,731 -2,088 -1,901 -1,615
Treasury Stock NA 20,637 20,633 20,630 20,548
Total Shareholder's Equity NA 11,868 11,744 11,710 12,207
Total Liabilities & Shareholder's Equity NA 28,500 28,278 28,645 28,822
Total Common Equity 0 11,868 11,744 11,710 12,207
Shares Outstanding 855.30 853.10 853.10 852.90 850.10
Book Value Per Share 0.00 13.91 13.77 13.73 14.36