Traditionally, we’ve only had Nokia’s prediction competition on Facebook, but let’s put it here on the forum as well.
In this thread, you can participate in the competition by submitting your own forecast for Nokia’s non-IFRS operating profit. Other discussions about Nokia will normally take place in its own thread here. I will close the thread between earnings seasons.
Reply in the comment section with your forecast for Nokia’s second-quarter operating profit (non-IFRS figure), to be published on Friday, with an accuracy of one million euros. The most accurate forecaster will once again receive a one-year subscription to Inderes analyses (value €200).
Here is background information to support your forecasting:
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The average analyst estimate for the result is 304 million euros, and the forecast range is 76-435 million euros. Our analyst Mikael’s forecast is 237 million euros.
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In the second quarter of 2019, operating profit was 451 million euros. However, this was an exceptionally strong quarter.
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Nokia has anticipated that the negative impacts of the coronavirus will primarily affect the second quarter of 2020.
Submit your answer in the comment section by Friday, July 31st, at 07:00 AM. In case of a tie, all equally accurate forecasts will be rewarded. Winners will be notified by August 3rd, 2020, at the latest. By participating in the competition, you accept these terms.
A more detailed pre-commentary on the results can be found here https://www.inderes.fi/fi/uutiset/nokia-q2-perjantaina-luvassa-tuntuva-pudotus-edellisvuodesta
