Nokia exceeds stock market profits16. 06. 2021 Wednesday / By: Robert Denes / Business / Exact time: BST / Print this page
N okia closed at $ 5.45 in the last trading session, a move of + 0.37% from the previous Sunday. This move preceded the S&P 500’s 0.18% daily gain.
On the upside, the technology company’s shares rose 10.82% last month, outperforming the computer and technology sector by 6.46% and the S&P 500 by 2.43%.
Investors expect strength from Nokia as it approaches its next earnings release. The company is expected to report $ 0.06 EPS, down 14.29% from the previous quarter. Meanwhile, the Zacks consensus estimate projected revenue at $ 6.32 billion in net sales, up 12.81% from a year earlier.
For the full year, our Zacks Consensus Estimates forecast earnings of $ 0.29 per share and earnings of $ 25.84 billion, a change of -3.33% and + 3.16%, respectively, from the prior year.
Investors should also take into account changes in NOK analysts ’estimates. These recent reviews generally reflect the changing nature of short-term business trends. As such, the review of positive estimates reflects analyst optimism about the company’s business and profitability.Our research shows that these estimated changes are directly correlated with short-term stock prices. To exploit this phenomenon, we developed the Zacks rank. Our system takes these estimation changes into account and provides a clear, workable rating model. Via Link