An Overview of Telefonaktiebolaget L M's Earnings

Benzinga · 10/14 14:01

Telefonaktiebolaget L M (NASDAQ:ERIC) will release its quarterly earnings report on Tuesday, 2024-10-15. Here's a brief overview for investors ahead of the announcement.

Analysts anticipate Telefonaktiebolaget L M to report an earnings per share (EPS) of $0.09.

Anticipation surrounds Telefonaktiebolaget L M's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Overview of Past Earnings

Last quarter the company missed EPS by $0.04, which was followed by a 0.0% drop in the share price the next day.

Here's a look at Telefonaktiebolaget L M's past performance and the resulting price change:

Quarter Q2 2024 Q1 2024 Q4 2023 Q3 2023
EPS Estimate 0.05 0.050 0.16 0.07
EPS Actual 0.01 0.074 0.10 0.07
Price Change % 5.0% 1.0% -4.0% -3.0%

eps graph

Stock Performance

Shares of Telefonaktiebolaget L M were trading at $7.51 as of October 11. Over the last 52-week period, shares are up 63.1%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

To track all earnings releases for Telefonaktiebolaget L M visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.