Here's Why Ericsson (ERIC) is a Strong Momentum Stock

Company Overview - Ericsson, founded in 1876 and headquartered in Stockholm, Sweden, is a leading provider of communication networks, telecom services, and support solutions. The company is transitioning into an ICT (Information and Communications Technology) solutions provider and has reorganized its operations into four segments: Networks, Cloud Software and Services, Enterprise, and Other, effective from the third quarter of 2022 [12]. Investment Insights - Ericsson currently holds a Zacks Rank of 3 (Hold) and has a VGM Score of A, indicating a solid overall rating [13]. - The company has a Momentum Style Score of B, with shares increasing by 1.8% over the past four weeks. Additionally, one analyst has revised their earnings estimate higher for fiscal 2025, with the Zacks Consensus Estimate rising by $0.01 to $0.60 per share [13]. - Ericsson has demonstrated an average earnings surprise of +13.3%, suggesting a positive trend in earnings performance [13]. - With a strong Zacks Rank and favorable Momentum and VGM Style Scores, Ericsson is recommended for investors' consideration [14].