We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Nokia (NOK) Increases Yet Falls Behind Market: What Investors Need to Know
Read MoreHide Full Article
Nokia (NOK - Free Report) closed the latest trading day at $3.70, indicating a +0.82% change from the previous session's end. The stock's performance was behind the S&P 500's daily gain of 1.03%. Meanwhile, the Dow experienced a rise of 0.34%, and the technology-dominated Nasdaq saw an increase of 1.51%.
Coming into today, shares of the technology company had gained 3.38% in the past month. In that same time, the Computer and Technology sector gained 2.52%, while the S&P 500 gained 3.21%.
Market participants will be closely following the financial results of Nokia in its upcoming release. In that report, analysts expect Nokia to post earnings of $0.06 per share. This would mark no growth from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $5.19 billion, indicating a 17.38% downward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.38 per share and a revenue of $23.65 billion, signifying shifts of +22.58% and -1.73%, respectively, from the last year.
Any recent changes to analyst estimates for Nokia should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Nokia is currently a Zacks Rank #3 (Hold).
Investors should also note Nokia's current valuation metrics, including its Forward P/E ratio of 9.62. Its industry sports an average Forward P/E of 14.15, so one might conclude that Nokia is trading at a discount comparatively.
Investors should also note that NOK has a PEG ratio of 1.02 right now. 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 1.43 as of yesterday's close.
The Wireless Equipment industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 176, finds itself in the bottom 31% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Nokia (NOK) Increases Yet Falls Behind Market: What Investors Need to Know
Nokia (NOK - Free Report) closed the latest trading day at $3.70, indicating a +0.82% change from the previous session's end. The stock's performance was behind the S&P 500's daily gain of 1.03%. Meanwhile, the Dow experienced a rise of 0.34%, and the technology-dominated Nasdaq saw an increase of 1.51%.
Coming into today, shares of the technology company had gained 3.38% in the past month. In that same time, the Computer and Technology sector gained 2.52%, while the S&P 500 gained 3.21%.
Market participants will be closely following the financial results of Nokia in its upcoming release. In that report, analysts expect Nokia to post earnings of $0.06 per share. This would mark no growth from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $5.19 billion, indicating a 17.38% downward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.38 per share and a revenue of $23.65 billion, signifying shifts of +22.58% and -1.73%, respectively, from the last year.
Any recent changes to analyst estimates for Nokia should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Nokia is currently a Zacks Rank #3 (Hold).
Investors should also note Nokia's current valuation metrics, including its Forward P/E ratio of 9.62. Its industry sports an average Forward P/E of 14.15, so one might conclude that Nokia is trading at a discount comparatively.
Investors should also note that NOK has a PEG ratio of 1.02 right now. 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 1.43 as of yesterday's close.
The Wireless Equipment industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 176, finds itself in the bottom 31% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.