Nokia (NYSE:NOK) is scheduled to announce Q4 earnings results on Thursday, January 26th, before market open.

The consensus EPS Estimate is €0.13 (flat Y/Y) and the consensus Revenue Estimate is €7.10B (+10.8% Y/Y).

Over the last 2 years, NOK has beaten EPS estimates 63% of the time and has beaten revenue estimates 63% of the time.

Over the last 3 months, EPS estimates have seen 0 upward revisions and 3 downward. Revenue estimates have seen 3 upward revisions and 5 downward.

Shares of the Finnish telecom equipment maker in Oct. 2022 fell about 6%, despite the company reporting a beat on Q3 results while raising its FY topline outlook.

NOK showed solid growth in its mobile networks segment in Q3, helped by easing supply constraints and strong demand from phone companies as they continue to roll out 5G.

For Q4, investors will be looking out for comments from the company on its capex spending plans. They will also be looking for any mention of challenges such as patent disputes and environmental, social and governance concerns.

According to a report from International Data Corp. in Dec. 2022, the worldwide smartphone market was showing a more prolonged recovery than previously expected.

NOK’s larger rival Ericsson (ERIC) last week posted a large miss on EPS for Q4, overshadowing its sales beat. The Swedish company also warned of a “rather choppy” 2023 with near-term uncertainties and macroeconomic headwinds.

Earlier this week on Monday, NOK signed a 5G patent license pact with Samsung.

U.S.-listed shares of Nokia (NOK) have slipped 1.9% so far in 2023, following a 25.4% slump in 2022.