Nokia (NOK) closed the last trading day at USD 5.39, up 0.37% from the previous trading session. That change fell short of the S&P 500’s 0.75% daily gain.
Today, the tech company’s shares are down 1.64% over the past month. At the same time, the computer and technology sector was up 7.17% while the S&P 500 was up 3.52%.
Wall Street will be looking for positive results at NOK as it nears its next earnings reporting date. For this report, analysts expect earnings of NOK of USD 0.06 per share. This would mean a decrease of 14.29% compared to the previous year. Our latest consensus estimate was for revenue of $ 6.32 billion, up 12.81% from the year-ago quarter.
NOK’s Zacks Consensus Estimates for the full year project earnings per share of $ 0.29 and sales of $ 25.84 billion. These results would represent changes of -3.33% and + 3.16% respectively compared to the previous year.
Investors should also be aware of any recent changes in analyst estimates for NOK. Most recent revisions usually reflect the latest short-term business trends. With this in mind, we can view positive valuation revisions as a sign of optimism about the company’s business outlook.
Our research shows that these changes in estimates correlate directly with short-term stock prices. Investors can take advantage of this by using the Zacks rank. This model takes these changes in estimates into account and provides a simple, actionable rating system.
The Zacks Rank system ranges from # 1 (strong buy) to # 5 (strong sell) and has a proven, externally audited track record of outperforming Monthly, the EPS estimate from Zacks Consensus remained stagnant. NOK currently has a Zacks rank of # 2 (Buy).
In terms of valuation, NOK is currently trading with a forward P / E of 18.33. The industry has an average forward P / E of 18.33, so we can conclude that NOK is trading relatively without a noticeable deviation.
The PEG ratio of the NOK is currently 12.3. This popular metric is similar to the widely known P / E ratio, except that the PEG ratio also takes into account the company’s expected earnings growth rate. Wireless Equipment stocks average a PEG-Ratio of 2.79 based on yesterday’s closing prices.
The wireless device industry is part of the computers and technology sector. This industry currently has a Zacks industry rank of 205, which puts it in the bottom 20% of all 250+ industries.
The Zacks Industry Rank measures 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-rated 50% of industries outperform the bottom half by a factor of 2 to 1.
Track all of these price action metrics and many more on Zacks.com.
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