Nokia exceeds stock market profits

16. 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.

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