Nokia OYJ (NYSE: NOK) has reported E.P.S. of $0.07 for its second fiscal quarter (ending June 30) versus $0.05 for the same period a year ago — an increase of 40%. This performance was $0.01 better than the consensus estimate of $0.06. For the latest four quarters through June 30, E.P.S. were $0.19 compared to $0.80 a year ago — a decline of -76%.
Recent Price Action
On 7/18/24, Nokia OYJ (NYSE: NOK) stock suffered a large decline of -7.2%, closing at $3.62. Moreover, exceptionally high trading volume at 280% of normal accompanied the decline. Relative to the market the stock has been strong over the last nine months but has declined -8.6% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, NOK is expected to continue to be an important Value Builder.
Nokia OYJ has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Nokia OYJ has a neutral Power Rating of 52 but a good Appreciation Score of 78, triggering the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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