NEW YORK (TheStreet) -- Shares of Corning (GLW) - Get Report were higher in early-afternoon trading on Monday ahead of the company's 2016 third quarter results, due out before tomorrow's market open.

Wall Street is expecting earnings and revenue to increase year-over-year.

Analysts surveyed by FactSet are looking for earnings of 38 cents per share on revenue of $2.53 billion.

During the same quarter last year, the Corning, NY-based manufacturer of specialty glass and ceramics earned 34 cents per share on revenue of $2.45 billion.

Deutsche Bank has a "buy" rating and $25 price target on the shares ahead of the results. The stock is also its "highest conviction idea."

The firm anticipate that the company will modestly beat third-quarter expectations and raise its outlook. Deutsche Bank also sees margin upside led by strong cloud demand for optical connectivity.

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Goldman Sachs said that third-quarter upside will be driven by glass recovery and accelerated stock buybacks.

"We expect above-seasonal growth in glass volumes for both 3Q and 4Q on panel utilization improvement and healthy supply/demand balance. We expect glass price declines to moderate further. Also, headwinds from non-display segments are largely behind us," the firm wrote in a recent note.

Separately, TheStreet Ratings Team has a "Buy" rating with a score of A- on the stock.

The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and expanding profit margins.

The team believes its strengths outweigh the fact that the company has had somewhat disappointing return on equity.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: GLW

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