Wall Street analysts expect Nokia Corporation (NYSE:NOK) to report $6.26 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Nokia Corporation’s earnings, with the lowest sales estimate coming in at $6.11 billion and the highest estimate coming in at $6.41 billion. Nokia Corporation reported sales of $6.57 billion during the same quarter last year, which indicates a negative year-over-year growth rate of 4.7%. The company is expected to announce its next quarterly earnings report on Thursday, October 26th.

According to Zacks, analysts expect that Nokia Corporation will report full-year sales of $6.26 billion for the current year, with estimates ranging from $24.89 billion to $26.03 billion. For the next fiscal year, analysts expect that the company will post sales of $25.93 billion per share, with estimates ranging from $25.13 billion to $26.73 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Nokia Corporation.

Nokia Corporation (NYSE:NOK) last issued its quarterly earnings results on Thursday, July 27th. The technology company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.05. Nokia Corporation had a positive return on equity of 8.20% and a negative net margin of 1.78%. The firm had revenue of $5.63 billion for the quarter, compared to analysts’ expectations of $5.64 billion. During the same quarter in the prior year, the firm earned $0.03 EPS. The business’s revenue for the quarter was up .8% compared to the same quarter last year.

Several brokerages recently commented on NOK. Citigroup Inc. began coverage on Nokia Corporation in a report on Thursday, June 8th. They issued a “neutral” rating and a $6.00 price objective for the company. Zacks Investment Research lowered Nokia Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Bank of America Corporation reaffirmed a “neutral” rating on shares of Nokia Corporation in a report on Friday, June 2nd. Vetr raised Nokia Corporation from a “buy” rating to a “strong-buy” rating and set a $7.22 price objective for the company in a report on Wednesday, August 9th. Finally, Societe Generale began coverage on Nokia Corporation in a report on Wednesday, June 14th. They issued a “buy” rating for the company. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Nokia Corporation has a consensus rating of “Hold” and a consensus target price of $5.97.

Several large investors have recently bought and sold shares of NOK. Stifel Financial Corp increased its stake in Nokia Corporation by 0.6% in the first quarter. Stifel Financial Corp now owns 107,834 shares of the technology company’s stock worth $583,000 after buying an additional 691 shares in the last quarter. Greenleaf Trust increased its stake in Nokia Corporation by 2.4% in the second quarter. Greenleaf Trust now owns 33,585 shares of the technology company’s stock worth $207,000 after buying an additional 801 shares in the last quarter. Nationwide Fund Advisors increased its stake in Nokia Corporation by 1.7% in the second quarter. Nationwide Fund Advisors now owns 52,400 shares of the technology company’s stock worth $323,000 after buying an additional 900 shares in the last quarter. Carl Domino Inc increased its stake in Nokia Corporation by 2.2% in the first quarter. Carl Domino Inc now owns 46,400 shares of the technology company’s stock worth $251,000 after buying an additional 1,000 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in Nokia Corporation by 1.7% in the first quarter. PNC Financial Services Group Inc. now owns 82,075 shares of the technology company’s stock worth $445,000 after buying an additional 1,359 shares in the last quarter. Institutional investors own 5.89% of the company’s stock.

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Nokia Corporation (NYSE:NOK) opened at 6.33 on Wednesday. The stock’s 50 day moving average price is $6.30 and its 200-day moving average price is $5.80. The stock’s market cap is $35.78 billion. Nokia Corporation has a 12 month low of $4.04 and a 12 month high of $6.65.

Nokia Corporation Company Profile

Nokia Oyj is a Finland-based company engaged in the network and Internet protocol (IP) infrastructure, software, and related services market. The Company’s businesses include Nokia Networks and Nokia Technologies. The Company’s segments include Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies.

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Earnings History and Estimates for Nokia Corporation (NYSE:NOK)

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