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Nokia (NOK) Flat As Market Sinks: What You Should Know
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Nokia (NOK - Free Report) closed the most recent trading day at $5.80, making no change from the previous trading session. This change was narrower than the S&P 500's 0.24% loss on the day.
Prior to today's trading, shares of the technology company had gained 0.69% over the past month. This has outpaced the Computer and Technology sector's loss of 5.49% and the S&P 500's loss of 2.12% in that time.
Investors will be hoping for strength from NOK as it approaches its next earnings release. On that day, NOK is projected to report earnings of $0.08 per share, which would represent year-over-year growth of 33.33%. Our most recent consensus estimate is calling for quarterly revenue of $6.06 billion, down 2.14% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.38 per share and revenue of $26.18 billion. These totals would mark changes of +26.67% and +4.53%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for NOK. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. NOK is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note NOK's current valuation metrics, including its Forward P/E ratio of 15.34. This represents a discount compared to its industry's average Forward P/E of 21.44.
We can also see that NOK currently has a PEG ratio of 10.3. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. NOK's industry had an average PEG ratio of 3.96 as of yesterday's close.
The Wireless Equipment industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 92, which puts it in the top 37% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Nokia (NOK) Flat As Market Sinks: What You Should Know
Nokia (NOK - Free Report) closed the most recent trading day at $5.80, making no change from the previous trading session. This change was narrower than the S&P 500's 0.24% loss on the day.
Prior to today's trading, shares of the technology company had gained 0.69% over the past month. This has outpaced the Computer and Technology sector's loss of 5.49% and the S&P 500's loss of 2.12% in that time.
Investors will be hoping for strength from NOK as it approaches its next earnings release. On that day, NOK is projected to report earnings of $0.08 per share, which would represent year-over-year growth of 33.33%. Our most recent consensus estimate is calling for quarterly revenue of $6.06 billion, down 2.14% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.38 per share and revenue of $26.18 billion. These totals would mark changes of +26.67% and +4.53%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for NOK. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. NOK is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note NOK's current valuation metrics, including its Forward P/E ratio of 15.34. This represents a discount compared to its industry's average Forward P/E of 21.44.
We can also see that NOK currently has a PEG ratio of 10.3. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. NOK's industry had an average PEG ratio of 3.96 as of yesterday's close.
The Wireless Equipment industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 92, which puts it in the top 37% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.