Nokia's market strengthening

01. 01. 2021 Friday / By: Robert Denes / Business / Exact time: BST / Print this page

Nokia (NOK) closed the last trading day at $ 3.93, up 0.77% from the previous trading session. The stock exceeded the S&P 500’s 0.22% daily loss. Elsewhere, the Dow lost 0.23%, while the technically heavy Nasdaq lost 0.38%.

On December 29, Nokia shares lost 3.23% over the past month. At the same time, the computer and technology sector grew by 5.2%, while the S&P 500 grew by 2.78%.

Investors expect strength from Nokia as it approaches its next earnings release. In this report, analysts expect Nokia to post earnings of $ 0.12 per share. This would mean a decrease of 29.41% year-on-year. Meanwhile, our latest consensus estimate calls for revenue of $ 7.56 billion, down 1.18% from the previous quarter.

NOK’s full-year Zacks Consensus Estimates call for earnings per share of $ 0.26 billion and revenue of $ 25.07 billion. These results would represent changes of + 4% and -3.9%, respectively, compared to a year...read more


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