Nokia (NYSE: NOK) plans to announce its Q4 earnings results on Thursday, January 26th, before the market opens.
Estimated EPS is €0.13 (flat Y/Y) and Estimated Annual Revenue is €7.10B (+10.8% Y/Y).
Finally 2 years, NOK beat EPS estimates 63% of the time and they beat their earnings 63% of the time.
Over the past three months, EPS estimates have seen 0 revisions up and 3 down. Estimates of the current income have seen 3 revisions up and 5 down.
Shares of the Finnish telecom equipment maker in Oct. 2022 was down nearly 6%, though the company reported a hit on Q3 results as it raised its FY outlook.
NOK reported strong growth in its mobile network segment in Q3, helped by easing restrictions and strong demand from mobile companies as they continue to roll out 5G.
For Q4, investors will be looking for feedback from the company on its capex spending plans. They will also be looking for mention of any issues such as patent disputes and environmental, social and governance concerns.
According to a report from International Data Corp. in December 2022, the global mobile phone market is showing a longer-than-expected recovery.
NOK’s arch-rival Ericsson ( ERIC ) last week posted a big miss on Q4 EPS, overshadowing its hit. The Swedish company also warned of a “rather difficult” 2023 with long-term uncertainty and economic headwinds.
Earlier this week on Monday, NOK signed a 5G license agreement with Samsung.
US-listed Nokia (NOK) shares have fell 1.9% to date in 2023, following a 25.4% decline in 2022.