The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Nokia's revenues will wither -18.2% and EPS will drop -37.5%.
The average estimate for revenue is $10.63 billion. On the bottom line, the average EPS estimate is $0.05.
Last quarter, Nokia booked revenue of $9.30 billion. GAAP reported sales were 23% lower than the prior-year quarter's $12.08 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at -$0.09. GAAP EPS were -$0.34 for Q3 compared to -$0.03 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 27.6%, 50 basis points worse than the prior-year quarter. Operating margin was -1.1%, 160 basis points worse than the prior-year quarter. Net margin was -13.4%, 1,260 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $39.86 billion. The average EPS estimate is -$0.24.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 2,992 members out of 3,342 rating the stock outperform, and 350 members rating it underperform. Among 678 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 599 give Nokia a green thumbs-up, and 79 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Nokia is hold, with an average price target of $2.33.
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Seth Jayson owned shares of the following at the time of publication: Nokia. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.