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Nokia (GB:0K8D)
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Nokia (0K8D) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Jan 30, 2025
Before Open Not Confirmed
Period Ending
2024 (Q4)
Consensus EPS Forecast
$0.14
Last Year’s EPS
$0.11
Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary

Earnings Call Date:Oct 17, 2024
|
% Change Since: 0.55%
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Next Earnings Date:Jan 30, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a balanced view with notable positive achievements in cash flow, cost savings, and strategic deals. However, significant challenges remain in net sales, particularly in Mobile and Optical Networks, and the impact of losing the AT&T contract. While there are signs of market recovery, the pace is slower than anticipated.
Company Guidance
In the third quarter of 2024, Nokia experienced a slow market recovery, with Fixed Networks and IP Networks showing growth of 9% and 6%, respectively, while Optical Networks declined by 15% and Mobile Networks by 17%. The company achieved significant cost savings, with EUR 500 million in run-rate gross cost savings, and a strong free cash flow of over EUR 600 million, totaling EUR 2 billion year-to-date. Nokia's financial outlook for 2024 remains unchanged, with comparable operating profit tracking in the bottom half of the range and free cash flow conversion at the high end. Additionally, Nokia's acquisition of Infinera is progressing, with antitrust and CFIUS approval received in the U.S. and a target closing in H1 2025.
Strong Free Cash Flow
Generated over EUR 600 million in Q3 and EUR 2 billion year-to-date, ending the quarter with a net cash balance of EUR 5.5 billion.
Significant Gross Margin Improvement
Gross margin expanded by 490 basis points year-on-year, with all business groups contributing.
Achievements in Nokia Technologies
Net sales grew 36% in Q3, driven by smartphone licensing agreements and higher sales from Automotive and IoT.
Successful Deal Momentum
Important deals signed across all business groups, including with Vodafone Idea, NTT DOCOMO Japan, and CoreWeave.
Progress in Cost Savings
Achieved EUR 500 million in run-rate gross cost savings, with a target range of EUR 800 million to EUR 1.2 billion.
Infinera Acquisition Progress
Received antitrust and CFIUS approval in the U.S. and Infinera shareholders approved the deal, targeting closure in H1 2025.
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Nokia (GB:0K8D) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

GB:0K8D Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Jan 30, 20252024 (Q4)
0.14 / -
0.108
Oct 17, 20242024 (Q3)
0.07 / 0.07
0.05322.64% (+0.01)
Jul 18, 20242024 (Q2)
0.05 / 0.07
0.078-16.67% (-0.01)
Apr 18, 20242024 (Q1)
0.08 / 0.10
0.06645.45% (+0.03)
Jan 25, 20242023 (Q4)
0.13 / 0.11
0.174-37.93% (-0.07)
Oct 19, 20232023 (Q3)
0.08 / 0.05
0.098-45.92% (-0.05)
Jul 20, 20232023 (Q2)
0.09 / 0.08
0.102-23.53% (-0.02)
Apr 20, 20232023 (Q1)
0.08 / 0.07
0.074-10.81% (>-0.01)
Jan 26, 20232022 (Q4)
0.14 / 0.17
0.14817.57% (+0.03)
Oct 20, 20222022 (Q3)
0.09 / 0.10
0.0935.38% (<+0.01)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GB:0K8D Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Oct 17, 2024$4.38$4.25-2.97%
Jul 18, 2024$3.87$3.67-5.12%
Apr 18, 2024$3.29$3.37+2.40%
Jan 25, 2024$3.34$3.69+10.50%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ

When does Nokia (GB:0K8D) report earnings?
Nokia (GB:0K8D) is schdueled to report earning on Jan 30, 2025, Before Open Not Confirmed.
    What is Nokia (GB:0K8D) earnings time?
    Nokia (GB:0K8D) earnings time is at Jan 30, 2025, Before Open Not Confirmed.
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is the P/E ratio of Nokia stock?
          The P/E ratio of Nokia is 53.5.
            What is GB:0K8D EPS forecast?
            GB:0K8D EPS forecast for the fiscal quarter 2024 (Q4) is $0.14.
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              Nokia (GB:0K8D) Earnings News

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