Telefonaktiebolaget LM Ericsson <ERICb.ST> expected to post earnings of 62 cents a share - Earnings Preview
Telefonaktiebolaget LM Ericsson ERICb.ST is expected to show a fall in quarterly revenue when it reports results on July 12 for the period ending June 30 2024
The Stockholm-based company is expected to report a 9.5% decrease in revenue to SEK58.321 billion from SEK64.44 billion a year ago, according to the mean estimate from 13 analysts, based on LSEG data. (Majority Sales represents Total Revenue)
LSEG's mean analyst estimate for Telefonaktiebolaget LM Ericsson is for earnings of 62 øre per share.
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy," 8 "hold" and 8 "sell" or "strong sell."
The mean earnings estimate of analysts had fallen by about 28.9% in the last three months.
Wall Street's median 12-month price target for Telefonaktiebolaget LM Ericsson is SEK60.00, below its last closing price of SEK67.40.
Previous quarterly performance (using preferred earnings measure in Swedish crowns).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
Mar. 31 2024 | 0.30 | 0.32 | 0.83 | Beat | 163 |
Dec. 31 2024 | 1.30 | 1.30 | 1.73 | Beat | 33.3 |
Sep. 30 2023 | 0.79 | 0.72 | 0.89 | Beat | 23.7 |
Jan. 1 0001 | 0.52 | 0.64 | 0.71 | Beat | 31.8 |
Mar. 31 2023 | 0.67 | 0.64 | 0.99 | Beat | 54.6 |
Jan. 1 0001 | 2.37 | 2.41 | 2.25 | Missed | -6.6 |
Sep. 30 2022 | 1.75 | 1.69 | 1.70 | Beat | 0.3 |
Jun. 30 2022 | 1.83 | 1.69 | 1.39 | Missed | -17.6 |
This summary was machine generated July 10 at 05:36 GMT. All figures in Swedish crowns 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)
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