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What Can We Expect from Nokia in 4Q16?

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What Can We Expect from Nokia in 4Q16? PART 1 OF 4

What Do Analysts Expect from Nokia in 4Q16?

Nokia’s fiscal 4Q16 earnings

Nokia (NOK), a Europe-based (EFA) company, plans to announce its 4Q16 results on February 2, 2017. Analysts estimate that it will post revenues of ~$7.4 billion for the quarter ended December 2016, with a low estimate of ~$6.9 billion and a high estimate of ~$7.7 billion.

Nokia’s earnings per share (or EPS) are estimated to be $0.08, with a high estimate of $0.10 and a low estimate of $0.06. If Nokia meets analysts’ revenue estimates of ~$7.4 billion, it would mean a YoY (year-over-year) increase of 74.3% compared to 4Q15, primarily driven by the Alcatel acquisition.

What Do Analysts Expect from Nokia in 4Q16?

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As you can see in the above graph, Nokia beat analysts’ EPS estimates in 3Q16 by 25% when it announced its EPS of $0.05. Nokia also beat analysts’ EPS estimates in 4Q15 by 33.3%. However, Nokia posted EPS 25.0% below analysts’ estimates in 1Q16 and 2Q16.

How did Nokia perform in fiscal 3Q16?

On October 27, 2016, Nokia (NOK) announced its fiscal 3Q16 earnings and reported revenues of $6.6 billion. Its EPS totaled $0.05. Net sales fell 7.0% YoY (year-over-year) and 6.0% on a constant currency basis. Its gross margin rose 200 basis points to 39.7%, while its operating margin fell 140 basis points to 9.3%.

Nokia expects a fall in its Wireless Infrastructure segment in 2016, coupled with a flattish global networking market. Macroeconomic headwinds and weakness in the major markets are also impacting Nokia’s revenues. The company maintains that it aims to increase its market share and penetration to drive revenues in the long run.

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