Quite a few analysts from Wall Street have forecasted that the stocks of NOK would be putting up a sales sum of $6.32 billion. According to a report, two investment analysts have already put forward estimates into the earnings of the company. The highest estimate has been set at $6.36 billion, with the lowest coming in at $6.29 billion. The sales reported by the company last year was $5.61 billion- which indicates an annual growth rate of about 12.7%. The company will be putting up their next quarterly result on the 30th of July.
The Quarterly Estimates Of NOK
NOK did previously update their quarterly results on the 29th of April. The EPS reported by the company during this period was $0.08 which was more than the consensus estimate set at $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 return on equity for the company over this period was 12.88%, with a -9.55% net margin.
Quite a few research analysts have already put forward their reports on NOK. Credit Suisse has already given the company a rating of neutral in a 30th April research report. DNB Markets has also reduced the price rating of the company from buy to sell in a 28th January research report. DZ Bank has also increased the price rating from sell to hold in a 24th March research report. Morgan Stanley decided to give the company a rating of overweight in a 13th May research report.
One of the investment analysts involved with the company has already given it a rating of sell, while eight others have provided the company with a rating of hold. Close to seven other investment analysts have provided the company with a rating of buy. Currently, NOK has a hold rating with a $5.75 price target.