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Nokia (NOK) Dips More Than Broader Markets: What You Should Know
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Nokia (NOK - Free Report) closed the most recent trading day at $5.28, moving -1.68% from the previous trading session. This change lagged the S&P 500's daily loss of 1.23%. Meanwhile, the Dow lost 1.29%, and the Nasdaq, a tech-heavy index, lost 0.14%.
Coming into today, shares of the technology company had lost 2.54% in the past month. In that same time, the Computer and Technology sector gained 4.45%, while the S&P 500 gained 5.04%.
Investors will be hoping for strength from Nokia as it approaches its next earnings release. In that report, analysts expect Nokia to post earnings of $0.07 per share. This would mark a year-over-year decline of 12.5%. Our most recent consensus estimate is calling for quarterly revenue of $5.92 billion, down 3.24% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.42 per share and revenue of $25.92 billion. These totals would mark changes of -4.55% and -1.13%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Nokia. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.05% higher within the past month. Nokia currently has a Zacks Rank of #3 (Hold).
Digging into valuation, Nokia currently has a Forward P/E ratio of 12.84. For comparison, its industry has an average Forward P/E of 23.53, which means Nokia is trading at a discount to the group.
We can also see that NOK currently has a PEG ratio of 1.23. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Wireless Equipment industry currently had an average PEG ratio of 2.19 as of yesterday's close.
The Wireless Equipment industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 98, putting it in the top 39% 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.
To follow NOK in the coming trading sessions, be sure to utilize Zacks.com.
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Nokia (NOK) Dips More Than Broader Markets: What You Should Know
Nokia (NOK - Free Report) closed the most recent trading day at $5.28, moving -1.68% from the previous trading session. This change lagged the S&P 500's daily loss of 1.23%. Meanwhile, the Dow lost 1.29%, and the Nasdaq, a tech-heavy index, lost 0.14%.
Coming into today, shares of the technology company had lost 2.54% in the past month. In that same time, the Computer and Technology sector gained 4.45%, while the S&P 500 gained 5.04%.
Investors will be hoping for strength from Nokia as it approaches its next earnings release. In that report, analysts expect Nokia to post earnings of $0.07 per share. This would mark a year-over-year decline of 12.5%. Our most recent consensus estimate is calling for quarterly revenue of $5.92 billion, down 3.24% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.42 per share and revenue of $25.92 billion. These totals would mark changes of -4.55% and -1.13%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Nokia. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.05% higher within the past month. Nokia currently has a Zacks Rank of #3 (Hold).
Digging into valuation, Nokia currently has a Forward P/E ratio of 12.84. For comparison, its industry has an average Forward P/E of 23.53, which means Nokia is trading at a discount to the group.
We can also see that NOK currently has a PEG ratio of 1.23. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Wireless Equipment industry currently had an average PEG ratio of 2.19 as of yesterday's close.
The Wireless Equipment industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 98, putting it in the top 39% 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.
To follow NOK in the coming trading sessions, be sure to utilize Zacks.com.