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What Can We Expect from Nokia in 2Q17?

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What Can We Expect from Nokia in 2Q17? PART 1 OF 4

What Nokia Analysts Expect for Fiscal 2Q17

Nokia’s 2Q17 earnings

Europe-based (EFA) hardware technology (QQQ) firm Nokia (NOK) will be announcing its fiscal 2Q17 results on July 27, 2017. Analysts expect Nokia to post revenue of $6.17 billion, with a high estimate of $6.53 billion and a low estimate of $5.92 billion for the quarter ended June 2017.

If Nokia meets the analyst revenue estimate of $6.17 billion, it would mean a YoY (year-over-year) fall of 3.7% from fiscal 2Q16.

What Nokia Analysts Expect for Fiscal 2Q17

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Nokia’s EPS (earnings per share) are expected to be $0.05, with a low estimate of $0.03 and a high estimate of $0.06. Notably, Nokia beat the analyst EPS estimates in 4Q16 by 62.5% when the firm announced EPS of $0.13.

In fiscal 3Q16, Nokia beat its EPS estimate by 25% when it announced EPS of $0.05. Nokia, however. posted EPS that was 25% below the estimate in fiscal 2Q16 at $0.03.

Performance in fiscal 1Q17

In fiscal 1Q17 Nokia reported revenues of $5.7 billion, with EPS of $0.03. Analysts expected the firm to post revenue of $5.8 billion, with EPS of $0.03. Nokia’s revenue fell 2.5% YoY in 1Q17, compared with $5.9 billion in 1Q16.

Nokia has a market cap of $36 billion. Peers Ericsson (ERIC) and Cisco Systems (CSCO) have market caps of ~$25 billion and ~$157 billion, respectively.

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