JPM toteaa seuraavalla tavalla Dow Jones mukaan.
Nokia’s contract renewal with T-Mobile US is good news for the Finnish maker of telecommunication equipment, but is overshadowed by weaker-than-expected earnings for the first quarter, JPMorgan analysts say in a note. The T-Mobile US deal renewal comes after market rumors about the potential loss of this customer and should be well received by investors, JPM says. Nevertheless, the results were below market expectations overall, with a soft start to the year and a one-off charge hurting profit, JPM says.
Ja puolestaan Barclays sanoo seuraavaa.
Nokia missed expectations for the first quarter on both the top line and profitability, and consensus estimates for 2025 could go down, Barclays’s Simon Coles and Rohan Bahl say in a research note. The Finnish maker of telecommunication equipment confirmed its full-year profit guidance, but said the top end of its range might be harder to achieve due to a contract-settlement charge it booked in the first quarter. Even adjusting for the 120 million euro charge, Nokia’s results were weaker than expected, Barclays says. Consensus expectations could fall by a low-single-digit amount, the analysts add.
Ja sitten Jefferies sanoo seuraavaa.
Nokia’s new CEO’s early comments don’t suggest that a change in strategy might be in the cards, Jefferies analysts Janardan Menon and Om Bakhda say in a note. “The new CEO Justin Hotard has taken over, but his comments so far have not pointed to any change in strategy,” the analysts say. Hotard said he plans to give an update on his strategic priorities for the company alongside second-quarter results, followed by a more comprehensive presentation at a capital markets day in November.
Trade tariffs will have a modest impact on Nokia’s outlook, after the company reported first-quarter sales that came in slightly weaker than expected, Jefferies analysts Janardan Menon and Om Bakhda say in a note. The Finnish telecommunications-equipment maker expects tariffs to hit its second-quarter comparable operating profit by between 20 million and 30 million euros. Nokia confirmed its full-year outlook, but said the higher end of the range will be harder to achieve due to one-time contract settlement with a mobile networks customer. “We expect Nokia’s FY25 sales outlook to be resilient despite tariffs, with margins likely to be impacted by one-offs, higher investments and geographic mix,” Jefferies says.
Lyhyenä yhteenvetona kolmen analyysitalon näkemys.
JPMorgan: T-Mobile US -sopimuksen uusiminen on positiivista, mutta heikko Q1-tulos ja kertaluonteinen kulu painoivat tulosta.
Barclays: Liikevaihto ja kannattavuus jäivät odotuksista, ja vuoden 2025 ennusteita saatetaan laskea hieman. Tulos jäi odotuksista, vaikka 120 milj. euron kertakulu huomioidaan.
Jefferies: Uusi toimitusjohtaja ei ole vielä viitannut strategiamuutoksiin. Tullit vaikuttavat hieman Q2:n tulokseen, mutta vuoden 2025 näkymät pysyvät kohtuullisen vahvoina, vaikka katteisiin kohdistuu paineita.