Analysts see Nokia selling 5.6 million Lumias in Q1 2013, making a loss
Reuters report that analysts have reached on consensus on Nokia’s Q1 2013 performance, and that they find it mildly encouraging, but hardly a blockbuster.
Analysts are currently expecting a slow but steady improvement in finances, also helped by good performance of their Nokia Siemens unit.
"Its visibility is really poor, and of course there’s still a possibility that the Windows strategy will fail. We don’t know," said Michael Schroder at Finnish investment group FIM.
"But the base case assumption now is that volumes will gradually come up as the geographical coverage distribution gets wider and product portfolio moves towards lower price points."
Analysts on average forecast first-quarter net sales to fall 11.8 percent from a year earlier to 6.48 billion euros, according to a Reuters poll, a more moderate decline than the 19.6 percent drop reported in the previous quarter.
Quarterly shipments of Lumia phones are seen at 5.6 million units, up from 4.4 million in the fourth quarter and 180% higher than the 2 million Lumias sold in Q1 2013. With Nokia Lumia handsets being around 80% of Windows Phones sold, this predicts around 7 million Windows Phones sold in Q1 2013.
Nokia is expected to lose 0.04 euros per share or around 150 million Euro, improved from 0.08 euros per share a year earlier.
The company’s net cash position is expected to have fallen to 3.7 billion by end-March, down from 4.4 billion euros at the end of 2012.
FIM’s Schroder has a target of 4.00 euros on the shares. "When looking at sum of parts it’s significantly higher. But of course you have to have a discount, with all the uncertainty," he said.Nokia surprised analysts with better than expected numbers and a small profit in Q4 2012. Lets hope they stick closer to that trend than the analysts’ prediction.
With the release of so many Lumia, I won't be surprised to see 7M. Now remember, as they were driving this under $2, the so called experts were calling for 15M or less for all of 2013.
Looks like some accounting games on the terminated workers, so one thing to keep in mind in net cash & not some BS loss or more restructuring write-offs.
Global Viking covered another 4M or so, but still has close to 100M shorted. Don't see eflop screwing the little ones. We have had considerable short covering but there is a ways to go. No way to know if these guys have accumulated long positions already of have calls/convertibles to cover.
Hopefully this is the low & we at least move up into the $4's waiting the half. Then I expect it to run. I've estimated break-up value $25B with nothing for devices. Pretty clear there is no BK here & we should have at least a market cap of $40B right now. We should see all 4 (navtaq,NSN, Patents & Devices) profitable 2nd Q forth.
Silly to think these crooks are going to get caught in a squeeze but I also think the next Q will be their last in control. Then the same crooks will run it up.