Nokia Corporation (NOK) Expected to Announce Quarterly Sales of $6.26 Billion

Previously Nokia Corp (NYSE:NOK) reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.04.

Nokia Corporation (NYSE NOK) opened at 6.25 on Friday. A buy rating is a recommendation to purchase a specific security. The firm is scheduled to announce its next earnings report on Thursday, October 26th.

According to analysts Nokia Corp (NYSE:NOK)'s minimum EPS for the current quarter is at $0.04 and can go high up to $0.08. The analysts estimated sales for the higher end at 6657.67 million and lower end at 5660 million while the year ago reported sale was 6705.2 million.

The stock of Nokia Oyj (ADR) (NYSE:NOK) earned "Underperform" rating by CLSA on Friday, October 28. The company had revenue of $5.63 billion during the quarter, compared to analysts' expectations of $5.64 billion.

Moving focus toward profitability ratios, the return on equity was booked as -2.20%, while return on assets was -1.00%. The business's revenue was up.8% compared to the same quarter previous year. During the same period previous year, the firm posted $0.03 earnings per share. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. Oppenheimer Holdings, Inc. reaffirmed a "hold" rating on shares of Nokia Corporation in a report on Thursday, April 27th.

06/14/2017 - Nokia Corporation had its "market perform" rating reiterated by analysts at BMO Capital Markets. Finally, Canaccord Genuity reiterated a "hold" rating and issued a $6.00 price objective on shares of Nokia Corporation in a report on Friday, May 5th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $6.24.

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Finland based company, Nokia Corporation (NOK)'s latest closing price distance was 18.11% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at 0.15% and 0.23% compared with the 20 Day Moving Average. These ratios are important while doing valuation of the company or the shares of the company. Nokia Corporation has a 52 week low of $4.04 and a 52 week high of $6.65. The company has market cap of $442.34 million. The firm has a 50-day moving average price of $6.31 and a 200-day moving average price of $5.76. Wells Fargo & Company/mn added to its holdings by buying 115,870 shares an increase of 16.7% from 03/31/2017 to 06/30/2017. Parametric Portfolio Associates LLC now owns 2,735,178 shares of the technology company's stock worth $16,849,000 after buying an additional 535,703 shares in the last quarter. TIAA CREF Investment Management LLC boosted its position in Nokia Corporation by 55.5% in the second quarter. Capstone Asset Management Co. now owns 1,492,156 shares of the technology company's stock valued at $9,192,000 after buying an additional 1,000,888 shares during the period. Teachers Advisors LLC raised its stake in shares of Nokia Corporation by 3.4% in the fourth quarter. Nationwide Fund Advisors now owns 52,400 shares of the technology company's stock worth $323,000 after buying an additional 900 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of Nokia Corporation by 108.2% 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 during the last quarter. Finally, Horrell Capital Management Inc. raised its position in Nokia Corporation by 22.2% in the first quarter. PNC Financial Services Group Inc. now owns 82,075 shares of the technology company's stock valued at $445,000 after buying an additional 1,359 shares during the period. This gauge is crucial in determining whether investors are moved toward the direction of buying more of the stock, or else doing the contradictory side and selling more of the stock.

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