Revenue of $6.33 billion estimated by analysts
Nokia (NOK) is expected to announce its 1Q18 results on April 26. Peers Cisco (CSCO), Ericsson (ERIC), and Juniper (JNPR) are set to announce their quarterly results on May 16, April 20, and May 1, respectively.
Analysts expect Nokia to post revenue of $6.33 billion in 1Q18, a rise of 10.4% YoY (year-over-year) from its revenue of $5.74 billion in 1Q17. Wall Street has a high revenue estimate of $6.71 billion and a low estimate of $6.02 billion for the company in the quarter, which ended in March 2018.
Analysts expect Nokia to post non-GAAP (generally accepted accounting principles) EPS (earnings per share) of $0.04 in 1Q18. They have a high EPS estimate of $0.06 and a low estimate of $0.03 for the stock. Analysts expect Nokia’s EPS to rise over 33% YoY in 1Q18, compared to $0.03 in 1Q17.
Earnings beat in the last four quarters
As you can see in the chart above, Nokia has beaten analysts’ EPS estimates in three of the last four quarters. In 4Q17, Nokia reported EPS of $0.15, which was 36.4% above analysts’ estimate of $0.11.
Nokia posted EPS of $0.11 and $0.09, respectively, in 3Q17 and 2Q17. In these quarters, its EPS were 83.3% and 80% higher than analysts’ estimates, respectively. In 1Q17, Nokia met analyst EPS estimates of $0.03.