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Ericsson Earnings Preview For Thursday

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Ericsson (ERIC)

Background: Ericsson provides telecommunications equipment and services to mobile and fixed network operators worldwide. It operates in four segments: Networks, Global Services, Support Solutions, and ST-Ericsson. The Networks segment delivers products and solutions for mobile access, Internet protocol (IP) and transport networks, and core networks.

The upcoming second-quarter earnings is highly anticipated by hopeful investors expecting an earnings growth report before the market opens on July 18, 2013 .
 

The Analyst's mean profit appraisal is presently 18 cents a share, a gain of 7 cents (38.9%) from 11 cents during the corresponding quarter last year. The lowest analyst estimate this report is 15 cents per share, and the highest is 21 cents per share.

The company currently pays 43 cents per share in dividends for a yield of 3.8%.

The majority of analysts believe Ericsson continues to offer a buying opportunity. 9 of the 15 analysts covering the company give a buy recommendation. Some (5) are taking a more cautious approach, and rate it a hold. As of the last update I have, 1 analyst recommend selling some or all holdings. New investors from a year ago are happy, and analysts rating this company a buy have called it correctly. The shares have move higher 26% over the last 52 weeks. Analysts are calling for a price target of $13.28.
 

Almost zero desire by short sellers to move against this stock. Short interest hardly moves the needle with only 1.1% of the float.
 

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Stock Tickers: ERIC Author Disclosure: n/a
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