Nokia (NYSE: OK) is scheduled to announce fourth-quarter earnings results on Thursday, January 26, before the market opens.
The consensus estimate of earnings per share is €0.13 (equal to the year), and the consensus estimate of revenue is €7.10 billion (+10.8% y/y).
Over the last one 2 years, NOK beat EPS estimates 63% of the time and beat revenue estimates 63% of the time.
Over the past 3 months, EPS estimates have had 0 upward revisions and 3 downward revisions. Revenue estimates saw 3 upward revisions and 5 downward revisions.
Shares of the Finnish telecommunications equipment maker fell about 6% in October 2022, despite the company reporting better third-quarter results while raising its revenue outlook for the fiscal year.
NOK showed solid growth in its mobile networks segment in the third quarter, helped by easing supply constraints and strong demand from phone companies as they continue to roll out 5G.
For the fourth quarter, investors will be awaiting comments from the company on its capital spending plans. They will also look for any mention of challenges such as patent litigation and environmental, social and governance issues.
According to a report by International Data Corp. of December 2022, the global smartphone market showed a longer recovery than previously expected.
NOK’s larger rival Ericsson ( ERIC ) last week posted a big drop in fourth-quarter EPS, overshadowing its sales. The Swedish company also warned of a “rather turbulent” 2023 with near-term uncertainties and macroeconomic headwinds.
Earlier this week on Monday, NOK signed a 5G patent license agreement with Samsung.
Shares of Nokia (NOK) listed on the American stock exchange have down 1.9% so far in 2023, after a 25.4% decline in 2022.