Brokers Set Expectations for Nokia’s Q3 Earnings (NYSE:NOK)

Nokia Corporation (NYSE:NOK) – Equities researchers at Zacks Research boosted their Q3 2026 earnings per share (EPS) estimates for shares of Nokia in a report released on Thursday, October 16th. Zacks Research analyst Team now anticipates that the technology company will post earnings of $0.09 per share for the quarter, up from their previous forecast of $0.08. The consensus estimate for Nokia’s current full-year earnings is $0.34 per share.

Nokia (NYSE:NOK) last issued its quarterly earnings data on Thursday, July 24th. The technology company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.02). Nokia had a return on equity of 8.36% and a net margin of 5.30%.The company had revenue of $5.34 billion for the quarter, compared to analyst estimates of $4.82 billion. During the same quarter in the prior year, the firm earned $0.06 earnings per share. The company’s revenue for the quarter was up 1.8% on a year-over-year basis.

NOK has been the subject of several other reports. BNP Paribas Exane upgraded Nokia from a “neutral” rating to an “outperform” rating and set a $5.00 price target for the company in a report on Wednesday, September 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Nokia in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Nokia in a report on Wednesday, October 15th. JPMorgan Chase & Co. cut their price target on Nokia from $6.50 to $6.00 and set an “overweight” rating for the company in a report on Tuesday, July 29th. Finally, BNP Paribas upgraded Nokia from a “hold” rating to an “outperform” rating and set a $5.00 price target for the company in a report on Wednesday, September 3rd. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $5.32.

Nokia Trading Down 0.6%

Shares of Nokia stock opened at $5.71 on Monday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.46 and a quick ratio of 1.21. Nokia has a 1 year low of $3.91 and a 1 year high of $5.79. The company has a market capitalization of $30.70 billion, a P/E ratio of 28.53 and a beta of 0.85. The business has a 50 day moving average price of $4.70 and a 200 day moving average price of $4.87.

Institutional Trading of Nokia

Institutional investors and hedge funds have recently made changes to their positions in the company. Harbour Investments Inc. increased its holdings in shares of Nokia by 7,046.5% during the 1st quarter. Harbour Investments Inc. now owns 5,074 shares of the technology company’s stock worth $27,000 after buying an additional 5,003 shares during the last quarter. Wealthquest Corp acquired a new stake in Nokia in the 1st quarter valued at $27,000. FNY Investment Advisers LLC acquired a new stake in Nokia in the 2nd quarter valued at $34,000. Farther Finance Advisors LLC increased its holdings in Nokia by 58.4% in the 1st quarter. Farther Finance Advisors LLC now owns 7,191 shares of the technology company’s stock valued at $38,000 after purchasing an additional 2,651 shares in the last quarter. Finally, Assetmark Inc. increased its holdings in Nokia by 763.7% in the 1st quarter. Assetmark Inc. now owns 8,240 shares of the technology company’s stock valued at $43,000 after purchasing an additional 7,286 shares in the last quarter. 5.28% of the stock is currently owned by institutional investors and hedge funds.

Nokia 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.