Nokia Earnings Preview: Can This Streak Continue?
Nokia (NYSE:NOK) will report earnings before markets open on Thursday, July 18th. Nokia Corporation is a player in the mobile industry. The Company makes a range of mobile devices with services and software that enable people to experience music, navigation, video, television, imaging, games, business mobility and more. Nokia also provides equipment, solutions and services for communications networks.
Here is your Cheat Sheet to Nokia Earnings:
Earnings Expectations: Analysts expect earnings of $-0.02 per share on revenues of $8.53 billion.
Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.02 to a profit $0.01. For the current year, the average estimate is a profit of $0.03, which is worse than the estimate ninety days ago.
Here’s how Nokia has been performing on an annual basis:
|Revenue ($) in millions||74,594||57,173||56,364||53,844||38,809|
|Diluted EPS ($)||1.54||0.34||0.68||-0.41||-1.11|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012||Mar. 31, 2013|
|Revenue ($) in millions||9,226.88||9,485.88||10,707.72||7,683.68|
|Diluted EPS ($)||-0.47||-0.34||0.07||-0.10|
Nokia has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.
“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)