Zacks Research Forecasts Nokia Oyj's Q1 Earnings (NYSE:NOK)

Nokia Oyj (NYSE:NOK - Free Report) - Investment analysts at Zacks Research upped their Q1 2025 earnings per share estimates for shares of Nokia Oyj in a research note issued on Wednesday, February 26th. Zacks Research analyst R. Department now anticipates that the technology company will post earnings per share of $0.06 for the quarter, up from their previous estimate of $0.05. 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 FY2025 earnings at $0.39 EPS.

Nokia Oyj (NYSE:NOK - Get Free Report) last released its earnings results on Thursday, January 30th. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.05. Nokia Oyj had a net margin of 6.54% and a return on equity of 10.30%.

A number of other equities research analysts have also recently commented on the stock. StockNews.com cut shares of Nokia Oyj from a "strong-buy" rating to a "buy" rating in a report on Monday, February 3rd. Craig Hallum lifted their target price on Nokia Oyj from $6.00 to $7.00 and gave the stock a "buy" rating in a report on Monday, January 6th. The Goldman Sachs Group cut Nokia Oyj from a "neutral" rating to a "sell" rating and set a $3.60 price objective on the stock. in a research report on Thursday, January 16th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Nokia Oyj from $6.35 to $6.30 and set an "overweight" rating on the stock in a research note on Friday, February 21st. One analyst has rated the stock with a sell rating and five have given a buy rating to the stock. Based on data from MarketBeat, Nokia Oyj currently has an average rating of "Moderate Buy" and an average price target of $5.85.

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Nokia Oyj Stock Up 0.7 %

Shares of NYSE:NOK traded up $0.04 on Monday, hitting $5.20. 22,414,753 shares of the company traded hands, compared to its average volume of 21,525,744. The stock has a 50 day simple moving average of $4.72 and a 200-day simple moving average of $4.51. The company has a quick ratio of 1.39, a current ratio of 1.58 and a debt-to-equity ratio of 0.14. The company has a market cap of $28.33 billion, a PE ratio of 20.78, a PEG ratio of 6.43 and a beta of 1.11. Nokia Oyj has a 52 week low of $3.29 and a 52 week high of $5.26.

Institutional Trading of Nokia Oyj

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mackenzie Financial Corp bought a new stake in shares of Nokia Oyj during the fourth quarter valued at approximately $712,000. Forum Financial Management LP increased its stake in Nokia Oyj by 100.1% in the 4th quarter. Forum Financial Management LP now owns 191,570 shares of the technology company's stock worth $849,000 after acquiring an additional 95,825 shares during the last quarter. Formidable Asset Management LLC bought a new position in shares of Nokia Oyj during the 4th quarter valued at approximately $49,000. Woodline Partners LP increased its position in Nokia Oyj by 125.4% in the fourth quarter. Woodline Partners LP now owns 12,000,442 shares of the technology company's stock worth $53,162,000 after purchasing an additional 6,677,017 shares during the last quarter. Finally, Two Sigma Advisers LP raised its stake in Nokia Oyj by 106.3% during the fourth quarter. Two Sigma Advisers LP now owns 528,000 shares of the technology company's stock valued at $2,339,000 after purchasing an additional 272,000 shares in the last quarter. Institutional investors own 5.28% of the company's stock.

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.