Equities Analysts Offer Predictions for Nokia Q3 Earnings

Key Points

• Zacks Research has increased its Q3 2026 earnings estimate for Nokia to $0.09 per share, up from $0.08, while the current full-year estimate stands at $0.34 per share.
• Nokia's recent quarterly earnings report showed a reported EPS of $0.05, missing expectations, but revenue exceeded forecasts at $5.34 billion, reflecting a 1.8% year-over-year growth.
• The company has a consensus rating of "Moderate Buy", with a target price of $5.32, as multiple financial institutions have recently upgraded their ratings on Nokia's stock.

Nokia Corporation (NYSE:NOK - Free Report) - Investment analysts at Zacks Research upped their Q3 2026 earnings estimates for Nokia in a research note issued to investors on Thursday, October 16th. Zacks Research analyst Team now forecasts that the technology company will earn $0.09 per share for the quarter, up from their previous forecast of $0.08. The consensus estimate for Nokia's current full-year earnings is $0.34 per share.

Nokia (NYSE:NOK - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The technology company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.02). The firm had revenue of $5.34 billion during the quarter, compared to analyst estimates of $4.82 billion. Nokia had a net margin of 5.30% and a return on equity of 8.36%. Nokia's revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.06 EPS.

A number of other brokerages have also recently issued reports on NOK. BNP Paribas Exane raised shares of Nokia from a "neutral" rating to an "outperform" rating and set a $5.00 target price for the company in a report on Wednesday, September 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Nokia in a report on Wednesday. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Nokia in a report on Wednesday, October 8th. JPMorgan Chase & Co. dropped their price objective on shares of Nokia from $6.50 to $6.00 and set an "overweight" rating for the company in a research note on Tuesday, July 29th. Finally, BNP Paribas raised shares of Nokia from a "hold" rating to an "outperform" rating and set a $5.00 price objective for the company in a research note on Wednesday, September 3rd. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Nokia currently has a consensus rating of "Moderate Buy" and a consensus target price of $5.32.

Nokia Trading Up 1.3%

Shares of Nokia stock opened at $5.76 on Monday. Nokia has a 12-month low of $3.91 and a 12-month high of $5.79. The company has a current ratio of 1.46, a quick ratio of 1.21 and a debt-to-equity ratio of 0.12. The stock has a market cap of $30.97 billion, a PE ratio of 28.78 and a beta of 0.85. The company has a 50-day moving average of $4.66 and a two-hundred day moving average of $4.87.

Institutional Trading of Nokia

Hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC acquired a new stake in Nokia during the first quarter worth approximately $45,207,000. Charles Schwab Investment Management Inc. boosted its position in Nokia by 18.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 468,939 shares of the technology company's stock worth $2,471,000 after acquiring an additional 74,072 shares during the last quarter. TCW Group Inc. acquired a new position in shares of Nokia in the 1st quarter valued at $425,000. Northern Trust Corp boosted its holdings in shares of Nokia by 6.2% in the 1st quarter. Northern Trust Corp now owns 3,903,825 shares of the technology company's stock valued at $20,573,000 after purchasing an additional 228,030 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new position in shares of Nokia in the 1st quarter valued at $641,000. Institutional investors and hedge funds own 5.28% of the company's stock.

About Nokia

Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. The company provides fixed networking solutions, such as fiber and copper-based access infrastructure, in-home Wi-Fi solutions, and cloud and virtualization services; IP networking solutions, including IP access, aggregation, and edge and core routing for residential, mobile, enterprise and cloud applications; optical networks solutions that provides optical transport networks for metro, regional, and long-haul applications, and subsea applications; and submarine networks for undersea cable transmission.

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