Q4 EPS Estimates for Nokia Decreased by Northland Securities

Nokia Corporation (NYSE:NOK) – Northland Securities lowered their Q4 2026 EPS estimates for Nokia in a research report issued on Friday, July 24th. Northland Securities analyst T. Savageaux now anticipates that the technology company will earn $0.18 per share for the quarter, down from their previous forecast of $0.19. The consensus estimate for Nokia’s current full-year earnings is $0.41 per share. Northland Securities also issued estimates for Nokia’s FY2027 earnings at $0.49 EPS.

Several other research firms also recently commented on NOK. Wall Street Zen downgraded shares of Nokia from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. The Goldman Sachs Group raised Nokia from a “sell” rating to a “neutral” rating in a research report on Monday, March 30th. Bank of America upgraded Nokia from a “neutral” rating to a “buy” rating and set a $12.40 target price for the company in a research note on Monday, April 13th. JPMorgan Chase & Co. lifted their price target on Nokia from $14.00 to $21.00 and gave the stock an “overweight” rating in a research report on Friday, June 12th. Finally, Danske upgraded Nokia from a “hold” rating to a “buy” rating in a research note on Wednesday, July 1st. Thirteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $12.57.

Nokia Trading Down 0.3%

Shares of Nokia stock opened at $9.07 on Monday. The firm’s 50 day simple moving average is $13.37 and its two-hundred day simple moving average is $10.29. The firm has a market capitalization of $52.11 billion, a price-to-earnings ratio of 64.81, a PEG ratio of 1.04 and a beta of 1.17. Nokia has a 12-month low of $4.00 and a 12-month high of $17.45. The company has a current ratio of 1.50, a quick ratio of 1.22 and a debt-to-equity ratio of 0.09.

Nokia (NYSE:NOK) last released its earnings results on Thursday, July 23rd. The technology company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. The company had revenue of $5.50 billion during the quarter, compared to analysts’ expectations of $5.57 billion. Nokia had a net margin of 3.49% and a return on equity of 9.83%. Nokia’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period last year, the business earned $0.04 EPS.

Institutional Trading of Nokia

Hedge funds and other institutional investors have recently made changes to their positions in the business. Analog Century Management LP purchased a new stake in shares of Nokia in the fourth quarter worth about $104,244,000. QRG Capital Management Inc. grew its holdings in Nokia by 34.6% during the fourth quarter. QRG Capital Management Inc. now owns 539,926 shares of the technology company’s stock worth $3,493,000 after acquiring an additional 138,935 shares during the period. Pzena Investment Management LLC raised its position in Nokia by 14.5% during the fourth quarter. Pzena Investment Management LLC now owns 91,942,507 shares of the technology company’s stock valued at $594,868,000 after acquiring an additional 11,612,590 shares in the last quarter. TrueMark Investments LLC acquired a new position in Nokia in the fourth quarter valued at approximately $2,237,000. Finally, Renaissance Technologies LLC lifted its holdings in Nokia by 131.3% in the first quarter. Renaissance Technologies LLC now owns 13,294,780 shares of the technology company’s stock valued at $106,890,000 after acquiring an additional 7,546,000 shares during the period. Institutional investors and hedge funds own 5.28% of the company’s stock.

Key Headlines Impacting Nokia

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Nokia’s Q2 results beat profit estimates, with comparable operating profit rising on strong demand from AI and cloud customers, while network infrastructure sales and margins improved. Reuters: Nokia Q2 profit beat on AI demand
• Positive Sentiment: AI-related demand was a standout, with Nokia saying AI/cloud order intake reached about €2.8 billion and AI/cloud sales more than doubled year over year, reinforcing the long-term growth case. Yahoo Finance: Nokia says AI, cloud boosted sales in second quarter
• Positive Sentiment: Nokia raised its full-year profit outlook and gave a Q3 revenue range that was roughly in line with expectations, which may support confidence in management’s view that AI infrastructure demand can offset legacy telecom weakness. Invezz: Nokia raises profit outlook as AI and cloud demand boost results
• Neutral Sentiment: Management and follow-up coverage continue to frame Nokia as a longer-term AI networking and cloud infrastructure beneficiary, but those themes are more about the investment thesis than an immediate catalyst. Yahoo Finance: How Nokia is Positioning Itself for Long-Term Growth in AI Networking
• Negative Sentiment: The stock has fallen to its lowest close since April, suggesting traders are selling into strength or reacting to concerns that the earnings beat does not fully erase broader slowdown worries. BeInCrypto: Nokia Crushed Earnings — and Dropped to Its Lowest Close Since April
• Negative Sentiment: Some articles highlight that telecom spending remains uneven and restructuring charges or supply-chain constraints are still weighing on results, which could limit how quickly AI growth translates into sustained earnings momentum. Yahoo Finance: Nokia Oyj (NOK) Q2 2026 Earnings Call Highlights

Nokia Company Profile

Nokia Corporation, headquartered in Espoo, Finland, is a global telecommunications and technology company with roots dating back to 1865. Over its long history the company moved from forestry and cable operations into electronics and telecommunications, becoming widely known in the 1990s and 2000s for its mobile phones. In recent years Nokia refocused its business toward network infrastructure, software and technology licensing, and research and development, following the divestiture of its handset manufacturing business and the acquisition of Alcatel‑Lucent in 2016, which brought Bell Labs into its portfolio.

Today Nokia’s core activities center on designing, building and supporting communications networks and related software.