Zacks Research Has Positive Outlook for Nokia Q3 Earnings

Nokia Corporation (NYSE:NOK) – Equities research analysts at Zacks Research raised their Q3 2026 earnings per share (EPS) estimates for shares of Nokia in a note issued to investors on Thursday, October 16th. Zacks Research analyst Team now anticipates that the technology company will post earnings per share of $0.09 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 announced its earnings results 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). The company had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $4.82 billion. Nokia had a return on equity of 8.36% and a net margin of 5.30%.The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.06 earnings per share.

Other research analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Nokia in a research report on Wednesday, October 15th. 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. 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. JPMorgan Chase & Co. decreased 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, Weiss Ratings reiterated a “hold (c)” rating on shares of Nokia in a report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $5.32.

Nokia Stock Down 2.1%

Shares of NYSE:NOK opened at $5.59 on Monday. The firm has a market cap of $30.08 billion, a P/E ratio of 27.95 and a beta of 0.85. The company has a quick ratio of 1.21, a current ratio of 1.46 and a debt-to-equity ratio of 0.12. Nokia has a 12-month low of $3.91 and a 12-month high of $5.79. The business has a fifty day simple moving average of $4.72 and a 200 day simple moving average of $4.88.

Institutional Trading of Nokia

Several large investors have recently made changes to their positions in NOK. Acadian Asset Management LLC acquired a new stake in shares of Nokia in the 1st quarter valued at about $45,207,000. Deutsche Bank AG grew its stake in shares of Nokia by 129.4% in the 1st quarter. Deutsche Bank AG now owns 8,572,860 shares of the technology company’s stock valued at $45,179,000 after buying an additional 4,835,005 shares during the period. Millennium Management LLC grew its stake in shares of Nokia by 6,539.2% in the 1st quarter. Millennium Management LLC now owns 2,841,558 shares of the technology company’s stock valued at $14,975,000 after buying an additional 2,798,758 shares during the period. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Nokia in the 2nd quarter valued at about $14,260,000. Finally, Artisan Partners Limited Partnership grew its stake in shares of Nokia by 1.8% in the 2nd quarter. Artisan Partners Limited Partnership now owns 108,136,988 shares of the technology company’s stock valued at $560,150,000 after buying an additional 1,957,524 shares during the period. 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.