Q2 EPS Estimates for Nokia Reduced by Northland Securities

Key Points

• Northland Securities cut its Q2 2026 EPS estimate for Nokia to $0.06 (from $0.08) while keeping FY2026 EPS at $0.40 and projecting Q3 at $0.09 and Q4 at $0.19, yet it raised its price target to $13 citing stronger AI‑related optical connectivity demand.
• Nokia reported Q1 EPS of $0.11, booked roughly €1B in AI/data‑center orders and raised its Network Infrastructure sales outlook (about 12–14% growth), driving investor enthusiasm and a retail‑led share rally.

Nokia Corporation (NYSE:NOK - Free Report) - Equities research analysts at Northland Securities reduced their Q2 2026 earnings per share (EPS) estimates for Nokia in a research note issued to investors on Friday, April 24th. Northland Securities analyst T. Savageaux now anticipates that the technology company will earn $0.06 per share for the quarter, down from their previous forecast of $0.08. The consensus estimate for Nokia's current full-year earnings is $0.40 per share. Northland Securities also issued estimates for Nokia's Q3 2026 earnings at $0.09 EPS, Q4 2026 earnings at $0.19 EPS and FY2026 earnings at $0.40 EPS.

Nokia (NYSE:NOK - Get Free Report) last released its quarterly earnings data on Thursday, March 5th. The technology company reported $0.11 earnings per share (EPS) for the quarter. Nokia had a return on equity of 9.22% and a net margin of 4.02%.The company had revenue of $7.19 billion during the quarter.

NOK has been the subject of several other research reports. Citigroup reaffirmed a "sell" rating on shares of Nokia in a research note on Friday, January 23rd. Santander raised Nokia from a "neutral" rating to an "outperform" rating in a research note on Monday, February 2nd. Morgan Stanley assumed coverage on Nokia in a research note on Monday, February 9th. They issued an "overweight" rating and a $8.00 price objective for the company. The Goldman Sachs Group raised Nokia from a "sell" rating to a "neutral" rating in a research note on Monday, March 30th. Finally, Wall Street Zen raised shares of Nokia from a "hold" rating to a "buy" rating in a research report on Saturday. Ten research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $8.83.

Nokia Stock Performance

Nokia stock opened at $10.45 on Monday. The business has a 50 day moving average of $8.58 and a 200-day moving average of $7.20. Nokia has a 1 year low of $4.00 and a 1 year high of $10.90. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.58 and a quick ratio of 1.36. The company has a market capitalization of $59.98 billion, a P/E ratio of 65.29, a P/E/G ratio of 2.02 and a beta of 0.77.

Institutional Trading of Nokia

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Keybank National Association OH increased its position in Nokia by 64.2% during the 1st quarter. Keybank National Association OH now owns 72,146 shares of the technology company's stock valued at $580,000 after purchasing an additional 28,205 shares during the period. EJMK Ventures LLC bought a new position in shares of Nokia during the 1st quarter worth approximately $105,000. TSP Capital Management Group LLC boosted its holdings in shares of Nokia by 1.2% during the 1st quarter. TSP Capital Management Group LLC now owns 2,495,192 shares of the technology company's stock worth $20,061,000 after buying an additional 28,600 shares in the last quarter. iA Global Asset Management Inc. bought a new position in shares of Nokia during the 1st quarter worth approximately $6,294,000. Finally, J2 Capital Management Inc boosted its holdings in shares of Nokia by 2.0% during the 1st quarter. J2 Capital Management Inc now owns 68,204 shares of the technology company's stock worth $548,000 after buying an additional 1,319 shares in the last quarter. Institutional investors and hedge funds own 5.28% of the company's stock.

Nokia Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 12th. Shareholders of record on Tuesday, April 28th will be given a dividend of $0.0468 per share. The ex-dividend date of this dividend is Tuesday, April 28th. This represents a $0.19 dividend on an annualized basis and a yield of 1.8%. This is a boost from Nokia's previous quarterly dividend of $0.04. Nokia's payout ratio is currently 56.25%.

Key Stories Impacting Nokia

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Q1 beat and profit jump — Nokia reported stronger-than-expected comparable operating profit (up ~54%) and booked ~€1B in AI/data‑center orders, driving revenue strength and investor enthusiasm. Article Title
• Positive Sentiment: AI & Optical Networks acceleration — Net sales from AI & Cloud customers jumped ~49% and Optical Networks grew ~20%; Nokia raised its Network Infrastructure sales outlook (now ~12–14% growth), signaling multi‑year tailwinds from hyperscaler demand. Article Title
• Positive Sentiment: Analyst upgrade — Northland lifted its price target (to $13 from $10), citing accelerating AI-related optical connectivity demand, which supports further upside sentiment. Article Title
• Positive Sentiment: Retail interest / re-rating — Retail traders piled into the stock after the AI-driven beat, helping push shares toward multi‑year highs and increasing momentum. Article Title
• Neutral Sentiment: Mixed headline numbers — EPS matched consensus ($0.06) while revenue was stronger on some metrics but mixed across segments; the quarter shows progress but not uniform beats. Article Title
• Neutral Sentiment: Guidance nuances — Nokia issued a Q2 revenue range (~$5.5–$5.7B) that sits around consensus but lacks clear EPS detail in the release, leaving some guidance uncertainty for near‑term estimates. Article Title
• Negative Sentiment: Short interest rose sharply — Short interest grew ~24% in April to ~68.2M shares; while days‑to‑cover is low (~0.7), the increase signals some investor skepticism and could pressure shares if negative news follows.
• Negative Sentiment: Supply and regional risks — Management flagged semiconductor supply and fixed‑network challenges, and warned Europe may lag the US/China on AI data‑center buildout, which could limit addressable market or margin expansion. Article Title

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.

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