Analysts expect that Nokia Co. (NYSE:NOK) will post earnings per share (EPS) of $0.13 for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Nokia’s earnings. The lowest EPS estimate is $0.12 and the highest is $0.15. Nokia posted earnings per share of $0.17 during the same quarter last year, which would indicate a negative year-over-year growth rate of 23.5%. The company is expected to announce its next earnings report on Thursday, February 3rd.
On average, analysts expect that Nokia will report full-year earnings of $0.40 per share for the current year, with EPS estimates ranging from $0.39 to $0.43. For the next financial year, analysts expect that the business will post earnings of $0.41 per share, with EPS estimates ranging from $0.37 to $0.45. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Nokia.
Nokia (NYSE:NOK) last posted its quarterly earnings results on Wednesday, October 27th. The technology company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $6.37 billion during the quarter, compared to analysts’ expectations of $6.56 billion. Nokia had a negative net margin of 7.37% and a positive return on equity of 15.51%. During the same period last year, the company posted $0.06 earnings per share.
Several research firms recently weighed in on NOK. Barclays restated an “equal weight” rating on shares of Nokia in a report on Monday, November 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Nokia in a research note on Friday, October 29th. Morgan Stanley reaffirmed an “overweight” rating on shares of Nokia in a research note on Friday, October 29th. Finally, Credit Suisse Group reaffirmed a “neutral” rating on shares of Nokia in a research note on Wednesday, September 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $7.32.
Several large investors have recently added to or reduced their stakes in NOK. Koshinski Asset Management Inc. purchased a new stake in shares of Nokia in the third quarter valued at approximately $30,000. McCarthy Asset Management Inc. purchased a new stake in shares of Nokia in the second quarter valued at approximately $35,000. Wealth Quarterback LLC boosted its stake in shares of Nokia by 25.8% in the third quarter. Wealth Quarterback LLC now owns 8,860 shares of the technology company’s stock valued at $40,000 after buying an additional 1,816 shares in the last quarter. Arkadios Wealth Advisors boosted its stake in shares of Nokia by 138.0% in the second quarter. Arkadios Wealth Advisors now owns 9,324 shares of the technology company’s stock valued at $49,000 after buying an additional 5,406 shares in the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of Nokia by 123.4% in the second quarter. Fifth Third Bancorp now owns 9,817 shares of the technology company’s stock valued at $52,000 after buying an additional 5,422 shares in the last quarter. 8.09% of the stock is currently owned by institutional investors and hedge funds.
NYSE:NOK traded up $0.21 during trading hours on Thursday, reaching $5.77. The company had a trading volume of 1,636,708 shares, compared to its average volume of 46,705,613. The company has a quick ratio of 1.40, a current ratio of 1.60 and a debt-to-equity ratio of 0.28. The firm has a market cap of $32.41 billion, a price-to-earnings ratio of -16.49, a P/E/G ratio of 1.36 and a beta of 0.76. The business’s 50-day simple moving average is $5.71 and its two-hundred day …….
Source: https://www.marketbeat.com/instant-alerts/nyse-nok-consensus-analyst-rating-2021-12/