Samsung's third quarter earnings guidance set to be reported Tuesday is forecast to be the firm's weakest since 2011, but some analysts say the electronics giant should be able to turn around its fortunes soon.
Samsung's guidance is ahead of the full third-quarter results at the end of October.
According to a mean forecast of 42 Reuters analysts, operating profit will fall 45 percent to 5.6 trillion won ($5.28 billion), from a record 10.2 trillion won a year earlier, the lowest level since the fourth quarter of 2011.
"The market has clearly digested that the numbers are going to be very weak. But the more important investment question is: Are they still a world class company? My answer is absolutely yes," Shaun Cochran, head of research for Korea at CLSA, told CNBC on Monday.
"I don't think their culture goes away overnight, there's not an existential threat to their business, their reach, their marketing span, their innovation," he added.
Up until recently, the world's largest smartphone maker was considered an unstoppable force. But since Apple has started getting its groove back and competition from low-end handset manufacturers has intensified, the outlook has started to look more dubious.
Shares in the technology giant are down 16 percent year to date, while rival Apple is up over 25 percent.
Cochran added that part of Samsung's problem was that its profit levels in the past have been so exceptional.
"They have gone from making super normal profits that were clearly unsustainable, but now the question is how low can they go? Short term earnings aren't very predictable but I do think they are a world class company that can earn its cost to capital over time," he added.