Zacks Research Has Negative Outlook for ERIC FY2026 Earnings

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Free Report) - Zacks Research cut their FY2026 EPS estimates for Telefonaktiebolaget LM Ericsson (publ) in a research report issued on Monday, November 18th. Zacks Research analyst R. Department now anticipates that the communications equipment provider will earn $0.59 per share for the year, down from their previous estimate of $0.60. The consensus estimate for Telefonaktiebolaget LM Ericsson (publ)'s current full-year earnings is $0.44 per share.

ERIC has been the subject of several other research reports. JPMorgan Chase & Co. increased their price target on Telefonaktiebolaget LM Ericsson (publ) from $5.90 to $6.70 and gave the stock a "neutral" rating in a research note on Monday, October 21st. StockNews.com raised shares of Telefonaktiebolaget LM Ericsson (publ) from a "buy" rating to a "strong-buy" rating in a report on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $6.70.

Telefonaktiebolaget LM Ericsson (publ) Stock Performance

NASDAQ ERIC traded up $0.02 on Thursday, hitting $8.01. 17,606,617 shares of the stock traded hands, compared to its average volume of 16,873,781. The firm has a market capitalization of $26.69 billion, a price-to-earnings ratio of -266.33 and a beta of 0.81. The business's fifty day moving average is $7.94 and its two-hundred day moving average is $6.96. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.95 and a current ratio of 1.19. Telefonaktiebolaget LM Ericsson has a 12 month low of $4.77 and a 12 month high of $8.62.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Get Free Report) last released its earnings results on Tuesday, October 15th. The communications equipment provider reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.02. The firm had revenue of $5.93 billion during the quarter, compared to the consensus estimate of $5.73 billion. Telefonaktiebolaget LM Ericsson (publ) had a negative net margin of 0.47% and a positive return on equity of 13.31%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. boosted its stake in Telefonaktiebolaget LM Ericsson (publ) by 4.4% during the first quarter. Advisors Asset Management Inc. now owns 190,065 shares of the communications equipment provider's stock valued at $1,047,000 after buying an additional 8,086 shares during the period. QRG Capital Management Inc. grew its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 176.2% during the second quarter. QRG Capital Management Inc. now owns 188,231 shares of the communications equipment provider's stock worth $1,161,000 after purchasing an additional 120,072 shares in the last quarter. Gateway Investment Advisers LLC increased its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 1,260.7% in the second quarter. Gateway Investment Advisers LLC now owns 630,541 shares of the communications equipment provider's stock worth $3,890,000 after purchasing an additional 584,201 shares during the last quarter. US Bancorp DE raised its stake in Telefonaktiebolaget LM Ericsson (publ) by 415.6% in the third quarter. US Bancorp DE now owns 181,305 shares of the communications equipment provider's stock valued at $1,374,000 after purchasing an additional 146,141 shares in the last quarter. Finally, Diversified Trust Co bought a new stake in Telefonaktiebolaget LM Ericsson (publ) during the third quarter valued at approximately $1,545,000. Hedge funds and other institutional investors own 7.99% of the company's stock.

About Telefonaktiebolaget LM Ericsson (publ)

Telefonaktiebolaget LM Ericsson (publ), together with its subsidiaries, provides mobile connectivity solutions for telcom operators and enterprise customers in various sectors in North America, Europe, Latin America, the Middle East, Africa, North East Asia, South East Asia, Oceania, and India. It operates in four segments: Networks; Cloud Software and Services; Enterprise; and Other.