From the Nokia website: Nokia will publish its Interim Report for Q2 2014 and January-June 2014 on July 24, 2014 at approximately 8am Finnish time (CET+1). (1am Eastern time)
Nokia's analyst conference call will begin at 3pm Finnish time. (8am Eastern time)
Earnings release about 4 hours away.
Anyone know where is the first place to see the release and Helsinki stock price impact?
Their Investor's page on the Nokia company website (not the Microsoft Nokia site)!! It's got the stock price New York and Helsinki.
also -- the NasdaqOMX. If you put after that the d^tcm, you get there. Search on Nokia and the quote page comes up. Assume it goes real time (or at least 20 min delayed) when their market opens. Earnings should be at around 8am their time, 1am Eastern Daylight Time.
A little late to try and scare people out of this stock before earnings. Earnings is before the market opens tommorow. I also would hope nobody takes advice from zacks. Ive seen there picks to be wrong to many times
"My prediction is profits more than cents 20 cents"
That's not a realistic prediction it's a fantasy. Backing out the loss that Nokia would have achieved if they held onto D&S isn't relevant post sale. The Street is interested in Nokia's current business and more importantly future projections. The latter is not something Nokia has been anxious to share which is a big part of Nokia languishing in the $7's. Let's see if tomorrow is different.
Thank you JD
the highest est for this quarter is .095 and the mean is only .29 for all of 2014
If NOK could generate .20 a quarter and resolve their never ending India tax issue...we would be north of $16 in a heartbeat. Maybe we give India a Chinese IOU
Best to set REALISTIC expectations & goals....otherwise you never meet them and give up
sadly you're joke rsponse is probably not going to be far off from the truth. hoping for at least a 5% bump
These are great comments, however the street needs to pick up on the idea that NOK no longer makes handsets. The street needs to figure out what 4 divisions NOK does have. The street needs to understand the direction NOK is taking with these divisions. As much as I hope that all of the high paid street people can rub 2 brain cells together and make an accurate call, I believe that NOK is going to have to hit them over the head with 2 good quarters of ERs before they bother to do their D&D Have been holding since 3 and will continue to add as I think NOK is the best long term play in the market.
Sentiment: Strong Buy
I would truly love to see numbers like you are talking. But, I believe numbers like yours would have required Nokia to "warn" before earning release. They gave no such warning.
"Nokia’s future growth prospect looks promising mainly based on solid contract wins and aggressive 4GLTE network deployment across China as well as higher investments in network restructuring by emerging nations."
QCOM is reporting a 2014 licensing shortfall of about 170-260+ million smartphones/tablets in China. The combined Chinese smartphone/tablet market is probably 450-500+ million this year so it sounds like the QCOM shortfall in China is quite significant - 38% to 52%. That's too significant to be anything other than a licensee's strike organized by the Chinese government. I think Chinese companies will eventually pay Qualcomm the proper royalties because Chinese companies need Qualcomm chips to make money outside their unprofitable domestic market. Unlike IDCC. Not only did Chinese authorities threaten to arrest IDCC executives in their dispute with Huawei, a Chinese court unilaterally reduced IDCC's FRAND rate from 2% to 0.019%!!! The Chinese will probably treat Nokia more like Qualcomm than IDCC.
At the same time, the Chinese Ministry in charge of encouraging Chinese companies to produce more cheap and meaningless patents recently acknowledged that Chinese companies were producing too many cheap and meaningless patents that don't even hold up in kangaroo courts! This was all part of their recent push to encourage Chinese companies to focus on the quality of patents rather than quantity of patents so we'll see how the immature Chinese IP market evolves from here.
Nokia suffered severe setbacks dealt by several major credit rating agencies. Standard & Poor’s Rating Services (S&P) downgraded Nokia’s overall rating by two notches to junk territory. Moreover, the company’s decision to spend nearly $270 million in 2014 may affect its cash flow considerably.
Our proven model does not conclusively show that Nokia is likely to beat the Zacks Consensus Estimate this quarter. That is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1, 2 or 3 for this to happen. That is not the case here
Note that the Sell-rated stocks (#4 and 5) should never be considered going into an earnings announcement.
Other Stocks to Consider
Here are some other companies to consider as our model shows they have the right combination of elements to post an earnings beat this quarter.
Shenandoah Telecommunications Co. (SHEN) has an earnings ESP of +2.50% and a Zacks Rank #1 (Strong Buy).
BlackBerry Ltd. (BBRY) has an earnings ESP of +52.94% and a Zacks Rank #2 (Buy).
TELUS Corp. (TU) has an earnings ESP of +1.85% and a Zacks Rank #2.