Q4 EPS Estimates for Nokia Lowered by Northland Securities

Key Points

• Northland Securities lowered Nokia’s Q4 2026 EPS estimate to $0.18 from $0.19, while forecasting $0.49 EPS for FY2027; the current full-year consensus is $0.41.
• Nokia’s latest quarter beat EPS expectations, reporting $0.08 versus the $0.07 consensus, although revenue of $5.50 billion fell short of estimates. Revenue still increased 8.4% year over year.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus, 13 Buy ratings and an average price target of $12.57, despite the stock’s recent decline and ongoing concerns about uneven telecom spending.

Nokia Corporation (NYSE:NOK - Free Report) - Stock analysts at Northland Securities dropped their Q4 2026 earnings estimates for shares of Nokia in a research note issued on Friday, July 24th. Northland Securities analyst T. Savageaux now anticipates that the technology company will earn $0.18 per share for the quarter, down from their prior forecast of $0.19. The consensus estimate for Nokia's current full-year earnings is $0.41 per share. Northland Securities also issued estimates for Nokia's FY2027 earnings at $0.49 EPS.

Nokia (NYSE:NOK - Get Free Report) last released its earnings results on Thursday, July 23rd. The technology company reported $0.08 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.01. Nokia had a return on equity of 9.83% and a net margin of 3.49%.The firm had revenue of $5.50 billion for the quarter, compared to analysts' expectations of $5.57 billion. During the same quarter in the prior year, the firm posted $0.04 earnings per share. The company's quarterly revenue was up 8.4% on a year-over-year basis.

Several other research analysts also recently commented on NOK. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Nokia in a research note on Friday, May 15th. The Goldman Sachs Group raised shares of Nokia from a "sell" rating to a "neutral" rating in a research report on Monday, March 30th. Danske upgraded Nokia from a "hold" rating to a "buy" rating in a report on Wednesday, July 1st. Barclays restated an "underweight" rating on shares of Nokia in a report on Wednesday, April 29th. Finally, Bank of America raised Nokia from a "neutral" rating to a "buy" rating and set a $12.40 price target on the stock in a research report on Monday, April 13th. Thirteen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $12.57.

Nokia Stock Performance

NOK stock opened at $9.07 on Monday. Nokia has a twelve month low of $4.00 and a twelve month high of $17.45. The firm has a market cap of $52.11 billion, a price-to-earnings ratio of 64.81, a PEG ratio of 1.04 and a beta of 1.17. The business's fifty day simple moving average is $13.37 and its two-hundred day simple moving average is $10.29. The company has a quick ratio of 1.22, a current ratio of 1.50 and a debt-to-equity ratio of 0.09.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Pzena Investment Management LLC boosted its stake in Nokia by 14.5% in the fourth quarter. Pzena Investment Management LLC now owns 91,942,507 shares of the technology company's stock valued at $594,868,000 after acquiring an additional 11,612,590 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Nokia by 9.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 47,321,058 shares of the technology company's stock worth $306,167,000 after purchasing an additional 3,896,363 shares in the last quarter. ARGA Investment Management LP lifted its holdings in shares of Nokia by 166.4% during the 1st quarter. ARGA Investment Management LP now owns 20,388,202 shares of the technology company's stock valued at $163,921,000 after purchasing an additional 12,734,021 shares during the last quarter. Alyeska Investment Group L.P. lifted its holdings in shares of Nokia by 171.0% during the 4th quarter. Alyeska Investment Group L.P. now owns 17,490,101 shares of the technology company's stock valued at $113,161,000 after purchasing an additional 11,035,002 shares during the last quarter. Finally, Analog Century Management LP acquired a new stake in shares of Nokia in the 4th quarter worth $104,244,000. Institutional investors own 5.28% of the company's stock.

Key Nokia News

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Nokia’s Q2 results beat profit estimates, with comparable operating profit rising on strong demand from AI and cloud customers, while network infrastructure sales and margins improved. Reuters: Nokia Q2 profit beat on AI demand
• Positive Sentiment: AI-related demand was a standout, with Nokia saying AI/cloud order intake reached about €2.8 billion and AI/cloud sales more than doubled year over year, reinforcing the long-term growth case. Yahoo Finance: Nokia says AI, cloud boosted sales in second quarter
• Positive Sentiment: Nokia raised its full-year profit outlook and gave a Q3 revenue range that was roughly in line with expectations, which may support confidence in management’s view that AI infrastructure demand can offset legacy telecom weakness. Invezz: Nokia raises profit outlook as AI and cloud demand boost results
• Neutral Sentiment: Management and follow-up coverage continue to frame Nokia as a longer-term AI networking and cloud infrastructure beneficiary, but those themes are more about the investment thesis than an immediate catalyst. Yahoo Finance: How Nokia is Positioning Itself for Long-Term Growth in AI Networking
• Negative Sentiment: The stock has fallen to its lowest close since April, suggesting traders are selling into strength or reacting to concerns that the earnings beat does not fully erase broader slowdown worries. BeInCrypto: Nokia Crushed Earnings — and Dropped to Its Lowest Close Since April
• Negative Sentiment: Some articles highlight that telecom spending remains uneven and restructuring charges or supply-chain constraints are still weighing on results, which could limit how quickly AI growth translates into sustained earnings momentum. Yahoo Finance: Nokia Oyj (NOK) Q2 2026 Earnings Call Highlights

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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