FY2027 EPS Estimates for Nokia Oyj Lowered by Zacks Research

Nokia Oyj (NYSE:NOK) – Equities researchers at Zacks Research cut their FY2027 EPS estimates for shares of Nokia Oyj in a research note issued to investors on Wednesday, March 26th. Zacks Research analyst R. Department now forecasts that the technology company will earn $0.42 per share for the year, down from their prior forecast of $0.43. The consensus estimate for Nokia Oyj’s current full-year earnings is $0.34 per share.

Nokia Oyj (NYSE:NOK) last issued its earnings results on Thursday, January 30th. The technology company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.05. Nokia Oyj had a return on equity of 10.30% and a net margin of 6.54%.

Several other equities analysts also recently issued reports on NOK. StockNews.com downgraded shares of Nokia Oyj from a “strong-buy” rating to a “buy” rating in a report on Monday, February 3rd. Craig Hallum boosted their target price on shares of Nokia Oyj from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Monday, January 6th. JPMorgan Chase & Co. dropped their price target 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. Finally, The Goldman Sachs Group lowered Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 price objective for the company. in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.85.

Nokia Oyj Trading Up 1.4 %

NYSE:NOK opened at $5.35 on Monday. The firm has a market capitalization of $29.14 billion, a P/E ratio of 21.38, a P/E/G ratio of 6.43 and a beta of 1.11. The business has a 50 day simple moving average of $4.99 and a 200 day simple moving average of $4.64. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.58 and a quick ratio of 1.39. Nokia Oyj has a 12-month low of $3.29 and a 12-month high of $5.48.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NOK. Wellington Management Group LLP acquired a new stake in Nokia Oyj in the fourth quarter worth approximately $2,321,000. Mackenzie Financial Corp bought a new stake in shares of Nokia Oyj in the 4th quarter worth $712,000. Forum Financial Management LP lifted its holdings in shares of Nokia Oyj by 100.1% in the fourth quarter. Forum Financial Management LP now owns 191,570 shares of the technology company’s stock valued at $849,000 after buying an additional 95,825 shares during the period. Formidable Asset Management LLC bought a new position in Nokia Oyj during the fourth quarter valued at about $49,000. Finally, Woodline Partners LP grew its holdings in Nokia Oyj by 125.4% during the fourth quarter. Woodline Partners LP now owns 12,000,442 shares of the technology company’s stock worth $53,162,000 after acquiring an additional 6,677,017 shares during the period. 5.28% of the stock is currently owned by institutional investors.

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.