On Friday, July 31, Nokia NOK will release its latest earnings report. Here is Benzinga's outlook for the company.
Earnings and Revenue
Based on Nokia management projections, analysts predict EPS of $0.03 on revenue of $5.70 billion. Nokia EPS in the same period a year ago totaled $0.06. Sales were $6.49 billion. The Wall Street estimate would represent a 50.0% decline in the company's earnings. Revenue would be down 0.87% on a year-over-year basis. In comparison to analyst estimates in the past, here's how the company's reported EPS stacks up:
| Quarter | Q1 2020 | Q4 2020 | Q3 2019 | Q2 2019 |
|---|---|---|---|---|
| EPS Estimate | 0.01 | 0.14 | 0.06 | 0.02 |
| EPS Actual | 0.01 | 0.17 | 0.05 | 0.06 |
| Revenue Estimate | 5.75 B | 7.48 B | 6.32 B | 6.02 B |
| Revenue Actual | 5.42 B | 7.73 B | 6.20 B | 6.49 B |
Stock Performance
Over the past 52-week period, shares of Nokia have declined 19.89%.
Judging by these returns, long-term shareholders will be feeling dissatisfied with these results.
Don't be surprised to see the stock move on comments made during its conference call. Nokia is scheduled to hold the call at 08:00:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/3zn56rnz
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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