3 Stocks Moving Up Trading Screens Before Earnings

Corning, Inc. (NYSE:GLW) will unveil its latest earnings on Wednesday, January 25, 2012. The average estimate of analysts is for profit of 32 cents per share, a decline of 30.4% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 43 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 33 cents during the last month. Analysts are projecting profit to rise by 15% versus last year to $1.76.

Last quarter, the company reported net income of 48 cents per share versus a mean estimate of profit of. The company has beaten estimates for the past three quarters. On average, analysts predict $1.84 billion in revenue this quarter, a rise of 4.5% from the year ago quarter. Analysts are forecasting total revenue of $7.85 billion for the year, a rise of 18.4% from last year’s revenue of $6.63 billion.

Competitors to Watch: PPG Industries, Inc. (NYSE:PPG), Research Frontiers, Inc. (NASDAQ:REFR), Newport Corporation (NASDAQ:NEWP), 3M Company (NYSE:MMM) and II-VI, Inc. (NASDAQ:IIVI).

Molex, Inc. (NASDAQ:MOLX) will unveil its latest earnings on Wednesday, January 25, 2012. The average estimate of analysts is for net income of 41 cents per share, a decline of 8.9% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 43 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 41 cents during the last month. Analysts are projecting profit to rise by 0% versus last year to $1.72.

The company beat estimates last quarter after falling short in the prior two. In the first quarter, the company reported profit of 46 cents per share versus a mean estimate of net income of 42 cents per share. In the fourth quarter of the last fiscal year, the company missed estimates by 2 cents. Analysts are projecting a decline of 1.3% in revenue from the year-earlier quarter to $890.2 million.

Competitors to Watch: Amphenol Corporation (NYSE:APH), TE Connectivity Ltd. (NYSE:TEL), RF Industries, Ltd. (NASDAQ:RFIL), AVX Corporation (NYSE:AVX), Methode Electronics Inc. (NYSE:MEI), Thomas & Betts Corporation (NYSE:TNB), Spectrum Control, Inc. (NASDAQ:SPEC), 3M Company (NYSE:MMM), Illinois Tool Works Inc. (NYSE:ITW), and Optical Cable Corporation (NASDAQ:OCCF).

TE Connectivity Ltd. (NYSE:TEL) will unveil its latest earnings on Wednesday, January 25, 2012. The average estimate of analysts is for profit of 70 cents per share, a decline of 4.1% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 77 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 70 cents during the last month. Analysts are projecting profit to rise by 4.8% versus last year to $3.27.

Last quarter, the company beat estimates by 4 cents, coming in at net income of 89 cents per share against an estimate of profit of. The company also topped expectations in the third quarter of the last fiscal year. On average, analysts predict $3.44 billion in revenue this quarter, a rise of 7.5% from the year ago quarter. Analysts are forecasting total revenue of $14.67 billion for the year, a rise of 2.5% from last year’s revenue of $14.31 billion.

Competitors to Watch: Molex Incorporated (NASDAQ:MOLX), Amphenol Corporation (NYSE:APH), Thomas & Betts Corporation (NYSE:TNB), AVX Corporation (NYSE:AVX), Spectrum Control, Inc. (NASDAQ:SPEC), Methode Electronics Inc. (NYSE:MEI), Littelfuse, Inc. (NASDAQ:LFUS), Corning Incorporated (NYSE:GLW), and Cablitec Holding AG (NYSE:GNI).