Here's Why Ericsson (ERIC) is a Strong Value 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 restructured its operations into four segments: Networks, Cloud Software and Services, Enterprise, and Other, effective from the third quarter of 2022 [11]. Investment Ratings - Ericsson currently holds a Zacks Rank of 3 (Hold) and has a VGM Score of A. It also has a Value Style Score of B, supported by attractive valuation metrics, including a forward P/E ratio of 13.81, which may appeal to value investors [12]. Earnings Estimates - In the last 60 days, two analysts have revised their earnings estimates upwards for fiscal 2025, with the Zacks Consensus Estimate increasing by $0.01 to $0.60 per share. Additionally, Ericsson has an average earnings surprise of +13.3% [12]. Investment Potential - With a solid Zacks Rank and top-tier Value and VGM Style Scores, Ericsson is recommended to be on investors' short lists for potential investment opportunities [13].