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Nokia (NOK) closed the last trading day at $ 6.22, an increase of + 1.3% over the previous trading session. The stock has exceeded the 0.09% daily loss of the S & P 500. At the same time, the Dow Jones added 0.03% and the Nasdaq, a large group of technologies, lost 0.16%.
Today, tech company shares have lost 2.85% over the last month, lagging gains in the IT & Technology sector by 4.21% and the S & P 500's gain of 2%. , 35% during this period.
Investors hope that the NOK will strengthen as it approaches its next earnings release. NOK is expected to report a profit of 0.03 USD per share on that day, which would represent a growth of 50% over the previous year. At the same time, Zacks' estimated consensus revenue forecasts net sales of $ 6.13 billion, up 1.31% over the same period last year.
For the full year, our consensus estimates of Zacks expect a profit of $ 0.33 per share and a turnover of $ 26.59 billion, which would represent variations of + 22.22% and + 0, 06% compared to the previous year.
Investors may also notice recent changes in analysts' estimates for the NOK. These recent revisions tend to reflect the evolving nature of short-term business trends. In this spirit, we can consider revisions of positive estimates as a sign of optimism about the company's business prospects.
Research indicates that these revisions of estimates are directly correlated to short-term stock price dynamics. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes into account these estimation changes and provides a clear and usable scoring model.
Ranging from # 1 (strong buy) to # 5 (solid sale), Zacks' ranking system has proven itself outside the outperformance audit, with # 1 stock returning on average + 25% per year since 1988. In recent years months, the Zacks Consensus EPS estimate has remained stagnant. NOK currently has a # 4 Zacks ranking (sale).
As valuations are also important, investors should be aware that the expected price / earnings ratio of NOK is currently 18.8. Its sector of activity displays an average P / E of 24.1; it can therefore be concluded that the NOK is trading at a comparable price.
Investors should also note that the NOK currently has a PEG ratio of 1.87. The PEG ratio is similar to the widely used P / E ratio, but this indicator also takes into account the expected earnings growth rate of the company. The wireless equipment held an average PEG ratio of 2.2 at the closing price of yesterday.
The wireless equipment sector is part of the IT and Technology sector. This group has a Zacks ranking of 155, which places it in the poorest 40% of the 250+ industries.
The Zacks Industry Ranking measures the strength of our industry groups by measuring the average Zacks ranking of individual actions within groups. Our research shows that the 50% of the top rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all these stock transfer steps, and more, on Zacks.com.
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Nokia Corporation (NOK): Free Stock Analysis Report
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To read this article on Zacks.com, click here."data-reactid =" 34 ">
Do you want to know the latest Zacks Investment Research recommendations? Today, you can download 7 best actions for the next 30 days. Click to get this free report
Nokia Corporation (NOK): Free Stock Analysis Report
To read this article on Zacks.com, click here.
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