Telefonaktiebolaget LM Ericsson reports results for the quarter ended September 30 - Earnings Summary

• Telefonaktiebolaget LM Ericsson ERICb.ST reported quarterly adjusted earnings of SEK2.04​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of SEK3.44. The mean expectation of ten analysts for the quarter was for earnings of SEK1.60 per share. Wall Street expected results to range from SEK1.34 to SEK1.82 per share.

• Revenue rose 5.8% to SEK59.48 billion from a year ago; analysts expected SEK55.46 billion.

• Telefonaktiebolaget LM Ericsson's reported EPS for the quarter was SEK1.77​.

• The company reported quarterly net income of SEK5.81 billion.

• Telefonaktiebolaget LM Ericsson shares had risen by 5.5% this quarter and gained 7.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 3.5% in the last three months.​

• In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy," 8 "hold" and 8 "sell" or "strong sell." The average consensus recommendation for the communications & networking peer group is "buy."

• Wall Street's median 12-month price target for Telefonaktiebolaget LM Ericsson is SEK98.00, about 0.9% above its last closing price of SEK97.10

This summary was machine generated from LSEG data October 15 at 06:00 a.m. UTC. ​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)