Nokia Oyj FY2024 EPS Forecast Increased by Zacks Research

Nokia Oyj (NYSE:NOK - Free Report) - Research analysts at Zacks Research boosted their FY2024 earnings per share (EPS) estimates for Nokia Oyj in a research report issued to clients and investors on Thursday, November 7th. Zacks Research analyst R. Department now anticipates that the technology company will earn $0.36 per share for the year, up from their prior forecast of $0.35. The consensus estimate for Nokia Oyj's current full-year earnings is $0.34 per share. Zacks Research also issued estimates for Nokia Oyj's Q3 2025 earnings at $0.08 EPS, FY2025 earnings at $0.34 EPS, Q1 2026 earnings at $0.09 EPS, Q2 2026 earnings at $0.09 EPS and Q3 2026 earnings at $0.09 EPS.

Nokia Oyj (NYSE:NOK - Get Free Report) last issued its earnings results on Thursday, October 17th. The technology company reported $0.07 earnings per share for the quarter, hitting the consensus estimate of $0.07. Nokia Oyj had a return on equity of 8.32% and a net margin of 2.18%. The business had revenue of $4.75 billion for the quarter, compared to analysts' expectations of $5.10 billion.

Several other research firms have also recently issued reports on NOK. Northland Securities reissued an "outperform" rating and set a $6.50 target price on shares of Nokia Oyj in a research note on Friday, October 18th. JPMorgan Chase & Co. dropped their price target on shares of Nokia Oyj from $4.36 to $4.35 and set a "neutral" rating for the company in a research report on Monday, October 21st. Craig Hallum upgraded shares of Nokia Oyj from a "hold" rating to a "strong-buy" rating in a report on Thursday, October 17th. StockNews.com cut Nokia Oyj from a "strong-buy" rating to a "buy" rating in a research note on Saturday, October 26th. Finally, Danske raised Nokia Oyj from a "hold" rating to a "buy" rating in a research note on Friday, October 18th. Two analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Nokia Oyj presently has an average rating of "Hold" and an average price target of $4.56.

Nokia Oyj Trading Up 0.2 %

NOK stock traded up $0.01 during trading on Monday, reaching $4.56. 13,609,882 shares of the stock were exchanged, compared to its average volume of 15,786,829. The business has a 50 day moving average price of $4.45 and a 200-day moving average price of $4.07. Nokia Oyj has a 1 year low of $2.94 and a 1 year high of $4.95. The company has a current ratio of 1.72, a quick ratio of 1.46 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $24.86 billion, a price-to-earnings ratio of 56.88, a P/E/G ratio of 5.92 and a beta of 1.12.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Pzena Investment Management LLC grew its position in Nokia Oyj by 10.0% during the third quarter. Pzena Investment Management LLC now owns 90,785,960 shares of the technology company's stock worth $396,735,000 after buying an additional 8,261,407 shares during the period. Advisors Asset Management Inc. raised its stake in shares of Nokia Oyj by 49.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 287,364 shares of the technology company's stock worth $1,256,000 after buying an additional 95,279 shares during the last quarter. West Family Investments Inc. purchased a new stake in shares of Nokia Oyj in the 3rd quarter worth about $115,000. Caprock Group LLC grew its stake in Nokia Oyj by 5.5% in the 3rd quarter. Caprock Group LLC now owns 57,766 shares of the technology company's stock valued at $252,000 after acquiring an additional 3,023 shares during the last quarter. Finally, Natixis Advisors LLC raised its position in Nokia Oyj by 60.2% during the third quarter. Natixis Advisors LLC now owns 208,696 shares of the technology company's stock worth $912,000 after acquiring an additional 78,391 shares during the last quarter. 5.28% of the stock is owned by hedge funds and other institutional investors.

Nokia Oyj Company Profile

Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. The company provides fixed networking solutions, such as fiber and copper-based access infrastructure, in-home Wi-Fi solutions, and cloud and virtualization services; IP networking solutions, including IP access, aggregation, and edge and core routing for residential, mobile, enterprise and cloud applications; optical networks solutions that provides optical transport networks for metro, regional, and long-haul applications, and subsea applications; and submarine networks for undersea cable transmission.