From Nasdaq: 2024-04-15 11:48:00

Nokia Corporation is set to release its first-quarter 2024 results on Apr 18, with expectations of a year-over-year revenue contraction due to soft demand. However, positive factors like licensing deals with major smartphone manufacturers and recent partnerships are expected to support the company’s performance.

Recent developments, including patent agreements with Honor and Vivo, as well as deployment deals with Balitower and Citymesh, are likely to have a favorable impact on Nokia’s first-quarter performance. The company also achieved a groundbreaking live field trial with Zayo, setting a North American transmission record.

Despite positive developments, Nokia faces challenges such as operator spending constraints and competition. AT&T’s decision to replace Nokia with Ericsson and a normalization of 5G deployments in India are expected to negatively impact net sales. Revenue estimates for key segments show year-over-year declines.

Nokia’s first-quarter revenues are estimated to decrease to $5.19 billion, with adjusted earnings per share expected to match the prior-year quarter. While a positive Earnings ESP and Zacks Rank normally indicate an earnings beat, Nokia’s current model does not predict one.

For investors looking for potential earnings beats, companies like Meta Platforms, NVIDIA Corporation, and Taiwan Semiconductor have favorable elements for the upcoming earnings season. Stay informed with key financial insights and upcoming announcements using the Zacks Earnings Calendar.



Read more at Nasdaq: Will Top-Line Decline Affect Nokia’s (NOK) Q1 Earnings?