Quite a few research analysts have predicted that the stocks of NOK would be reporting a sales sum of $6.32 billion for the current quarter. According to a report, two of the investment analysts have already provided estimates into the earnings of the company, with the highest coming in at a sum of $6.36 billion, and the lowest coming in at $6.29 billion.
The company did post a sales sum of $5.61 billion the previous year, which indicates an annual growth rate of 12.7%. The company will be putting up its next quarterly results on the 30th of July.
The Quarterly Report Of NOK
NOK previously announced its quarterly reports on the 29th of April. The EPS reported by the company during this period was $0.08, with the consensus estimate coming to $0.01 The revenue generated by the company during this period was $6.12 billion, which was more than the consensus estimate of $5.87 billion. The net margin of the company was set at -9.55%, and the return on equity set at 12.88%.
There have been quite a few research equities that have commented on the stocks of NOK. DZ Bank has already increased the price rating of the company from sell to hold in a 24th March research report. Liberum Capital has also increased the price rating of the company from hold to buy in a 3rd June research report.
The Goldman Sachs Group has also increased the rating of the company from neutral to buy in a 24th June research report. SEB Equity Research has also increased the price rating of the company from hold to buy in a 30th April research report. In the end, Morgan Stanley decided to increase the price rating of the company from equal weight to overweight in a Friday research report.
One of the investment analysts covering the firm has issued it with a rating of sell, while eight others have given the company a rating of hold. Close to nine others have given the company a rating of buy. Currently, NOK has a hold rating and a price target of $6.
