$0.13 Earnings Per Share Expected for Nokia Co. (NYSE:NOK) This Quarter – MarketBeat

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 …….

Source: https://www.marketbeat.com/instant-alerts/nyse-nok-consensus-analyst-rating-2021-12/