Ericsson (NASDAQ:ERIC) is set to release its earnings data before the market opens on Friday, October 20th. Analysts expect Ericsson to post earnings of $0.03 per share for the quarter.

Ericsson (NASDAQ:ERIC) last issued its quarterly earnings data on Tuesday, July 18th. The communications equipment provider reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.03). Ericsson had a negative return on equity of 3.16% and a negative net margin of 6.40%. The business had revenue of $49.90 billion during the quarter, compared to the consensus estimate of $50.66 billion. During the same quarter last year, the company earned $0.83 EPS. Ericsson’s revenue for the quarter was down 7.8% on a year-over-year basis. On average, analysts expect Ericsson to post $0.07 EPS for the current fiscal year and $0.25 EPS for the next fiscal year.

Ericsson (NASDAQ ERIC) opened at 5.75 on Friday. The company’s market cap is $18.84 billion. The stock has a 50 day moving average of $5.76 and a 200 day moving average of $6.44. Ericsson has a 52 week low of $4.83 and a 52 week high of $7.47.

A number of research firms recently commented on ERIC. Zacks Investment Research raised Ericsson from a “strong sell” rating to a “hold” rating in a report on Monday, July 17th. BidaskClub raised Ericsson from a “buy” rating to a “strong-buy” rating in a report on Friday, July 14th. J P Morgan Chase & Co reaffirmed a “hold” rating on shares of Ericsson in a report on Tuesday, July 18th. Canaccord Genuity reaffirmed a “hold” rating and set a $6.00 target price on shares of Ericsson in a report on Tuesday, July 18th. Finally, Danske downgraded Ericsson from a “buy” rating to a “hold” rating in a report on Thursday, August 31st. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $5.54.

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Ericsson Company Profile

Telefonaktiebolaget LM Ericsson (Ericsson) provides infrastructure, services and software to the telecommunication industry and other sectors. The Company’s segments include Networks, IT & Cloud and Media. The Networks segment consists of two business units: Network Products and Network Services. The overall focus is on evolving and managing access networks, including the development of hardware and software for radio access and transport networks.

Earnings History for Ericsson (NASDAQ:ERIC)

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