Ericsson's stock surged by 34% in 2024 with strong sales growth in North America.

From Nasdaq: 2025-01-03 00:23:47

Ericsson stock (NASDAQ: ERIC) surged by 34% in 2024, with Q3 sales at SEK 61.8 billion, up 1% YoY. North America saw a 55% sales increase, boosting margins to 46.3%. EBITDA hit SEK 7.8 billion, net income at SEK 3.9 billion. A new joint venture secured global Network API supply.

The Trefis High Quality Portfolio, with 30 stocks, has outperformed S&P 500 consistently. ERIC stock returned -7% in 2021, -44% in 2022, 13% in 2023. Revenue forecast for 2024 is $24.8 billion, with a valuation of $8 per share. Q4 sales outlook varies by segment, with gross margin expected at 47%-49%.

Comparative returns show ERIC at -1% MTD, 34% YTD, and 71% total from 2017-24, while the S&P 500 returned -1% MTD, 25% YTD, and 167% total. Trefis Reinforced Value Portfolio returned -3% MTD, 19% YTD, and 707% total since 2016.



Read more at Nasdaq: What’s Happening With Ericsson’s Stock?