Nokia Corporation NOK is scheduled to report second-quarter 2019 results before the opening bell on Jul 25. It is likely to report lower revenues in the quarter, primarily due to risks arising from delay in project timings and deliveries despite a ramp up in 5G deliveries, particularly in North America, Japan and China. In the last reported quarter, the company witnessed a negative earnings surprise of 166.7%.Let’s find out how things are shaping up prior to the announcement.Factors at PlayDuring the second quarter, Nokia reportedly leapfrogged into the leading position for commercial 5G deals across the globe, leaving behind the much-fancied Chinese telecom equipment manufacturer, Huawei Technologies. The Finnish telecom equipment provider has also staved off competition from Swiss rival Ericsson to steer ahead in the three-way race.The company has inked various notable deals across several countries to support the seamless deployment of 5G technologies. These include contracts with ANTEL, Uruguay's government-owned telecommunications company; Ooredoo Qatar, a leading telecommunications firm in Qatar; and SoftBank Corp., a premier Japanese telecommunications company, for deployment of high bandwidth and low latency 5G services. China Mobile Communications Corporation also entered into a strategic collaboration to deploy Nokia’s AirScale mMIMO Adaptive Antenna for the massive bandwidth and coverage requirements of the Chinese market as it shifts to 5G technologies. All these are expected to get reflected in the upcoming results.During the second quarter, Nokia inked an agreement with Altibox, one of the largest regional telecom service providers in Norway and Denmark, to offer its Gainspeed Unified Cable Access solution to increase the latter’s network capacity. In addition, Telefónica Spain, a Spanish multinational telecommunications firm, signed a definitive agreement to utilize Nokia’s Deepfield Cloud Intelligence analytics solution to improve network visibility and service capabilities.Despite all these collaborations and service enhancements, the Zacks Consensus Estimate for second-quarter total revenues is currently pegged at $6,058 million. Notably, Nokia reported revenues of $6,339 million in the year-earlier quarter. In addition to escalating costs given the scale of the rollouts underway, a soft European economy due to highly unpredictable Brexit referendum and adverse foreign currency translation are likely to strain the top and bottom-line numbers. Adjusted earnings per share are pegged at 1 cent. The company reported earnings of 4 cents a year ago.Earnings WhispersOur proven model does not conclusively show that Nokia will beat earnings this quarter as it does not possess the key components. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. This is not the case here as you will see below:Earnings ESP: Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.Nokia Corporation Price and EPS Surprise Nokia Corporation price-eps-surprise | Nokia Corporation QuoteZacks Rank: Nokia has a Zacks Rank #3. Although this increases the predictive power of the ESP, we need to have a positive ESP to makes us reasonably confident of an earnings beat.Note that we caution against stocks with a Zacks Rank #4 or 5 (Sell-rated) going into the earnings announcement, especially when the company is seeing a negative estimate revisions momentum.Stocks to ConsiderHere are some companies that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this quarter:Verizon Communications Inc. VZ is slated to release quarterly numbers on Aug 1. It has an Earnings ESP of +0.43% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.NETGEAR Inc. NTGR is scheduled to release results on Jul 24. The company has an Earnings ESP of +1.01% and has a Zacks Rank #3.The Earnings ESP for Ciena Corporation CIEN is +5.26% and it has a Zacks Rank of 2. The company is set to report quarterly numbers on Aug 29.Today's Best Stocks from ZacksWould you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.See their latest picks free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NETGEAR, Inc. (NTGR): Free Stock Analysis Report Nokia Corporation (NOK): Free Stock Analysis Report Verizon Communications Inc. (VZ): Free Stock Analysis Report Ciena Corporation (CIEN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research