Nokia's Stock Sees Minor Retreat in Recent Trading Session

In a recent trading session, Nokia's stock (NOK) experienced a slight dip, closing at $3.66, which represents a -0.27% shift from its previous closing price. This marginal decrement in Nokia's stock value was less than the overall S&P 500 index, which saw a 0.29% drop that day. In comparison, the Dow declined by 0.35%, while the Nasdaq Composite index decreased by 0.3%.

Performance Overview

Before this trading day, Nokia had witnessed an upward trend, gaining 4.26% over the past month. This increase was slightly above the Computer and Technology sector's rise of 3.61% yet fell short of the broader S&P 500's gain of 4.42% during the same period.

Earnings Expectations

Investors are keeping a close watch on Nokia's forthcoming earnings report. Analysts currently predict the company to report earnings per share (EPS) of $0.06, consistent with the previous year's same quarter. Revenue estimates for the upcoming quarterly results are projected at $5.19 billion, a 17.38% decrease from the previous year's quarter.

Looking at the full year, consensus estimates suggest earnings of $0.38 per share and total revenue of $23.65 billion. These figures would represent a +22.58% spike in earnings and a -1.73% slide in revenue from the previous year.

Analyst Sentiments and Stock Performance

Analysts' revisions of Nokia's estimates are crucial indicators of the company's short-term operational trends, with positive revisions often leading to favorable stock performance. The Zacks Rank system—which ranges from #1 (Strong Buy) to #5 (Strong Sell)—considers these revisions when providing its rating. Currently, Nokia holds a Zacks Rank of #2 (Buy).

Valuation Metrics

Regarding valuation, Nokia has a Forward Price-to-Earnings (P/E) ratio of 9.62, presenting a discount compared to the industry average of 14.96. Additionally, the company's Price/Earnings to Growth (PEG) ratio stands at 1.02, reflecting its expected earnings growth rate and comparing favorably to the industry's average of 1.44.

Industry Rank

Nokia is part of the Wireless Equipment industry, which falls under the Computer and Technology sector. This particular industry is positioned at Zacks Industry Rank of 182, placing it in the lower 28% bracket of more than 250 industries. Research suggests that industries with higher rankings tend to outperform the lower-ranked ones by a factor of two to one.

Nokia, Stock, Trading