Telefonaktiebolaget LM Ericsson reports results for the quarter ended in January - Earnings Summary
Telefonaktiebolaget LM Ericsson ERIC.OQ reported a quarterly adjusted loss of 27 cents per share for the quarter ended in January, lower than the same quarter last year, when the company reported EPS of 7 cents. The mean expectation of three analysts for the quarter was for earnings of 5 cents per share. Wall Street expected results to range from 4 cents to 7 cents per share.
Revenue fell 8.5% to $5.60 billion from a year ago; analysts expected $5.36 billion.
Telefonaktiebolaget LM Ericsson's reported EPS for the quarter was a loss of 31 cents.
The company reported a quarterly loss of $1.04 billion.
Telefonaktiebolaget LM Ericsson shares had risen by 3.6% this quarter and gained 1.4% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 23.8% in the last three months.
In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 5 "hold" and 3 "sell" or "strong sell."
The average consensus recommendation for the communications & networking peer group is also "hold"
Wall Street's median 12-month price target for Telefonaktiebolaget LM Ericsson is $4.65
This summary was machine generated from LSEG data July 12 at 08:36 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Jun. 30 2024 | 0.05 | -0.27 | Missed |
Mar. 31 2024 | 0.04 | 0.08 | Beat |
Dec. 31 2023 | 0.16 | 0.16 | Met |
Sep. 30 2023 | 0.07 | 0.08 | Beat |
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