Let's bet now on Nokia most watched securities company

07. 07. 2022 Thursday / By: Robert Denes / Business / Exact time: BST / Print this page

N okia ( NOK ) is one of the stocks Zacks.com visitors have seen recently. That's why it's a good idea to review some of the factors that can affect stock performance in the short term and therefore your purchase.

Nokia shares have returned -10.3% over the past month, compared to a -6.6% change in the Zacks S&P 500 Composite. Zacks, the wireless device maker that owns Nokia, lost 10.1% during the period. While press releases or rumors of a fundamental change in a company's business outlook tend to "trend" stocks and lead to immediate price changes, there are always a few fundamental facts that ultimately dominate the buy-hold decision-making process.

Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings outlook. This is because we believe that the fair value of your shares is determined by the present value of the future income stream.

When a company's earnings estimate increases, the fair value of its stock also increases. And when the fair value of the stock is higher than the current market price, investors tend to buy the stock, causing the price to rise. For this reason, empirical studies indicate a strong relationship between trends in earnings estimate revisions and short-term movements in stock prices.

Nokia is expected to post earnings per share of $0.10 for the current quarter, representing a year-over-year change of -9.1%. Over the past 30 days, the Sachs consensus estimate has not changed. Consolidated earnings of $0.42 for the current fiscal year represent a year-over-year change of -4.6%. This estimate has not changed in the last 30 days. For the next fiscal year, consensus earnings of $0.47 represent a +10.6% change from what Nokia would have reported a year ago. The estimate has not changed in the past month.

For Nokia, total sales estimates of $6.07 billion for the current quarter represent a year-over-year change of -5.1%. In the current and next fiscal years, the changes are estimated at $25.27 billion and $25.91 billion, respectively -3.6% and +2.5%. Nokia reported $6 billion in revenue in its last reported quarter, a year-over-year change of -1.9%. Earnings per share for the same period was $0.08, compared to $0.08 last year. The reported revenue surprise was +1.35% compared to the Zacks Consensus Estimate of $5.92 billion. EPS was surprisingly +14.29%.

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