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Corning Incorporated (GLW)

(Delayed Data from NYSE)

$45.14 USD

45.14
5,595,369

-0.10 (-0.22%)

Updated May 11, 2021 04:02 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 Buy25.41%
2Buy19.02%
3Hold10.72%
4Sell6.46%
5Strong Sell3.06%
S&P50011.04%

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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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C Value B Growth F Momentum C 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 48% (122 out of 254)

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.

12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016
Assets          
Cash & Equivalents 2,672 2,434 2,355 4,317 5,291
Receivables 2,133 1,836 1,940 1,807 1,481
Notes Receivable 0 0 0 0 0
Inventories 2,438 2,320 2,037 1,712 1,471
Other Current Assets 761 873 702 991 805
Total Current Assets 8,004 7,463 7,034 8,827 9,048
Net Property & Equipment 15,742 15,337 14,895 14,017 12,546
Investments & Advances 0 334 376 340 336
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 1,121 1,157 951 813 2,325
Intangibles 3,768 3,120 3,228 2,563 2,373
Deposits & Other Assets 2,140 1,487 1,021 934 1,271
Total Assets 30,775 28,898 27,505 27,494 27,899
Liabilities & Shareholders Equity 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016
Notes Payable 0 0 0 0 0
Accounts Payable 1,174 1,587 1,456 1,439 1,079
Current Portion Long-Term Debt 156 11 4 379 256
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 2,437 1,923 1,851 1,391 1,416
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 0 0 0 0 0
Total Current Liabilities 3,767 3,521 3,311 3,209 2,751
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 7,816 7,729 5,994 4,749 3,646
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 5,744 4,651 4,314 3,766 3,542
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 17,327 15,901 13,619 11,724 9,939
Shareholders Equity 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016
Preferred Stock 2,300 2,300 2,300 2,300 2,300
Common Stock (Par) 863 859 857 854 846
Capital Surplus 14,642 14,323 14,212 14,089 13,695
Retained Earnings 16,120 16,408 16,303 15,930 16,880
Other Equity -549 -1,081 -916 -770 -1,609
Treasury Stock 19,928 19,812 18,870 16,633 14,152
Total Shareholder's Equity 13,448 12,997 13,886 15,770 17,960
Total Liabilities & Shareholder's Equity 30,775 28,898 27,505 27,494 27,899
Total Common Equity 11,148 10,697 11,586 13,470 15,660
Shares Outstanding 764.00 769.10 800.40 869.00 951.20
Book Value Per Share 14.59 13.91 14.48 15.50 16.46

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

All items in Millions except Per Share data.

3/31/2021 12/31/2020 9/30/2020 6/30/2020 3/31/2020
Assets          
Cash & Equivalents 2,868 2,672 2,514 2,158 2,025
Receivables 1,900 2,133 2,099 1,712 1,708
Notes Receivable 0 0 0 0 0
Inventories 2,361 2,438 2,581 2,235 2,347
Other Current Assets 974 761 864 741 866
Total Current Assets 8,103 8,004 8,058 6,846 6,946
Net Property & Equipment 15,364 15,742 15,449 14,691 14,932
Investments & Advances 0 0 354 329 320
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 992 1,121 1,173 1,266 1,181
Intangibles 3,688 3,768 3,759 2,997 3,067
Deposits & Other Assets 1,996 2,140 1,474 1,417 1,413
Total Assets 30,143 30,775 30,267 27,546 27,859
Liabilities & Shareholders Equity 3/31/2021 12/31/2020 9/30/2020 6/30/2020 3/31/2020
Notes Payable 0 0 256 12 12
Accounts Payable 1,272 1,174 1,176 1,109 1,250
Current Portion Long-Term Debt 154 156 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 2,087 2,437 2,417 1,899 1,929
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 0 0 0 0 0
Total Current Liabilities 3,513 3,767 3,849 3,020 3,191
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 7,650 7,816 7,822 7,797 7,815
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 5,422 5,739 4,596 4,566
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 16,585 17,327 17,410 15,413 15,572
Shareholders Equity 3/31/2021 12/31/2020 9/30/2020 6/30/2020 3/31/2020
Preferred Stock 2,300 2,300 2,300 2,300 2,300
Common Stock (Par) 864 863 861 860 859
Capital Surplus 14,722 14,642 14,494 14,398 14,340
Retained Earnings 16,509 16,120 16,065 15,847 16,114
Other Equity -903 -549 -937 -1,348 -1,408
Treasury Stock 19,934 19,928 19,926 19,924 19,918
Total Shareholder's Equity 13,558 13,448 12,857 12,133 12,287
Total Liabilities & Shareholder's Equity 30,143 30,775 30,267 27,546 27,859
Total Common Equity 11,258 11,148 10,557 9,833 9,987
Shares Outstanding 851.30 764.00 764.00 761.70 762.60
Book Value Per Share 13.22 14.59 13.82 12.91 13.10