Nokia Earnings Preview

Nokia (NYSE:NOK) is set to give its latest quarterly earnings report on Thursday, 2024-10-17. Here's what investors need to know before the announcement.

Analysts estimate that Nokia will report an earnings per share (EPS) of $0.08.

Investors in Nokia are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.

It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.

Earnings History Snapshot

Last quarter the company beat EPS by $0.01, which was followed by a 0.83% increase in the share price the next day.

Here's a look at Nokia's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.050

0.06

0.15

0.090

EPS Actual

0.065

0.10

0.11

0.054

Price Change %

1.0%

1.0%

-0.0%

-2.0%

Performance of Nokia Shares

Shares of Nokia were trading at $4.41 as of October 15. Over the last 52-week period, shares are up 39.25%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

Analysts' Take on Nokia

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Nokia.

Nokia has received a total of 1 ratings from analysts, with the consensus rating as Outperform. With an average one-year price target of $6.5, the consensus suggests a potential 47.39% upside.

Analyzing Analyst Ratings ...