Business is booming.

Ericsson is gaining momentum in the market: what you need to know

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Ericsson will strive to demonstrate strength as it approaches the next earnings report, which is expected by January 24, 2020.

In this report, analysts expect Ericsson to make $ 0.16 a share in earnings. This will mean annual growth of 277.78%. Meanwhile, the Zacks Consensus Estimate forecast for revenue predicts net sales of $ 6.95 billion, down 1.41% from the previous year.

Throughout the year, our Zacks consensus estimates forecast earnings of $ 0.44 per share and earnings of $ 23.34 billion, corresponding to a change of + 1366.67% and -5.04% respectively from the previous year.

Any recent changes in analyst ratings for Ericsson should also be noted by investors. These recent changes tend to reflect the evolution of short-term business trends. With this in mind, we can consider the positive changes in the assessment a sign of optimism regarding the company’s business prospects.

Starting from 1st position (strong purchase) to 5th (strong sale), the Zacks ranking system has a proven track record of external audits, and No. 1 shares have returned an average of + 25% annually since 1988. In the past 30 days, our EPS forecast was projected at the same level. Ericsson currently holds the rank of Sachs 3 (Hold).

As for his assessment, Ericsson maintains a forward P / E ratio of 20.09. This rating means a discount compared to the industry average forward P / E of 21.44.