The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Nokia's revenues will compress -13.3% and EPS will remain in the red.
The average estimate for revenue is $8.29 billion. On the bottom line, the average EPS estimate is -$0.04.
Last quarter, Nokia notched revenue of $7.50 billion. GAAP reported sales were 24% lower than the prior-year quarter's $9.80 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 -$0.03. GAAP EPS were -$0.09 for Q1 versus -$0.33 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 31.4%, 370 basis points better than the prior-year quarter. Operating margin was 0.5%, 680 basis points better than the prior-year quarter. Net margin was -4.6%, 800 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $34.94 billion. The average EPS estimate is $0.01.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 3,018 members out of 3,362 rating the stock outperform, and 344 members rating it underperform. Among 632 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 559 give Nokia a green thumbs-up, and 73 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 $3.94.
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