Zacks Research Has Negative Outlook for Nokia Q2 Earnings

Nokia Corporation (NYSE:NOK) – Investment analysts at Zacks Research lowered their Q2 2026 earnings per share (EPS) estimates for shares of Nokia in a research report issued on Monday, December 29th. Zacks Research analyst Team now anticipates that the technology company will earn $0.08 per share for the quarter, down from their previous forecast of $0.09. The consensus estimate for Nokia’s current full-year earnings is $0.34 per share.

Nokia (NYSE:NOK) last issued its quarterly earnings results on Thursday, October 23rd. The technology company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.01. The business had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $4.67 billion. Nokia had a return on equity of 8.24% and a net margin of 4.65%.The company’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter last year, the company earned $0.06 earnings per share.

Several other equities research analysts also recently commented on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Nokia from $7.10 to $8.00 and gave the stock an “overweight” rating in a research note on Monday, December 1st. UBS Group reaffirmed a “neutral” rating on shares of Nokia in a research report on Tuesday, October 28th. Jefferies Financial Group raised Nokia from a “hold” rating to a “buy” rating in a report on Tuesday, October 28th. Raymond James Financial restated an “outperform” rating on shares of Nokia in a research note on Thursday, October 23rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Nokia in a research report on Monday, December 22nd. Eight research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $6.10.

Nokia Stock Down 0.6%

NOK stock opened at $6.47 on Thursday. The stock has a market capitalization of $37.15 billion, a PE ratio of 35.95 and a beta of 0.77. Nokia has a 52 week low of $4.00 and a 52 week high of $8.19. The company has a quick ratio of 1.23, a current ratio of 1.48 and a debt-to-equity ratio of 0.12. The firm has a 50 day moving average of $6.50 and a 200 day moving average of $5.36.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NOK. Allworth Financial LP grew its position in shares of Nokia by 7.1% during the 3rd quarter. Allworth Financial LP now owns 24,344 shares of the technology company’s stock valued at $117,000 after acquiring an additional 1,609 shares during the period. Polar Asset Management Partners Inc. purchased a new position in Nokia during the third quarter worth approximately $11,910,000. First Affirmative Financial Network grew its holdings in Nokia by 30.0% in the third quarter. First Affirmative Financial Network now owns 73,943 shares of the technology company’s stock valued at $356,000 after purchasing an additional 17,044 shares during the period. Coldstream Capital Management Inc. increased its position in shares of Nokia by 74.3% in the third quarter. Coldstream Capital Management Inc. now owns 96,070 shares of the technology company’s stock valued at $462,000 after buying an additional 40,956 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Nokia during the 3rd quarter worth approximately $34,000. Hedge funds and other institutional investors own 5.28% of the company’s stock.

About Nokia

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.