Analysts surveyed by FactSet are looking for Nokia to post adjusted earnings of 5 cents per share on revenue of $6.42 billion.
In the same quarter last year, the Finnish network infrastructure company reported adjusted earnings of 9 cents per share on revenue of $3.33 billion.
The sharply higher revenue estimate for this year is due to Nokia's $16.6 billion acquisition of telecom equipment supplier Alcatel-Lucent in January 2016.
Credit Suisse said recently that declining sales in Nokia's networks business should moderate in the second half of 2016 following a "difficult" first half.
Additionally, the firm anticipates that the "weak" demand environment is beginning to stabilize.
The firm has an "outperform" rating and a 6.75 euro price target on Nokia shares.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rated this stock as a "hold" with a ratings score of C.
The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity.
You can view the full analysis from the report here: NOK