Nokia stock up 25% in 2018
Year-to-date, Nokia’s (NOK) stock price has increased more than 25.0% to close at $5.82 on June 27. The stock has generated returns of -2.0% in the last month and -4.7% in the last 12 months. Nokia’s stock price fell 28.0% in 2016 and generated negligible returns in 2017.
Comparatively, the S&P 500 ETF (SPY) and the Invesco QQQ Trust ETF (QQQ) have risen 2.0% and 10.5%, respectively, in 2018. Nokia stock is currently trading 29.0% above its 52-week low of $4.51 and 12.0% below its 52-week high of $6.59.
Nokia reported EPS 50% below estimates in the first quarter
Nokia (NOK) stock was driven higher in the first quarter, as analysts are optimistic about the firm’s opportunities in 5G, IoT (Internet of Things), and its Licensing vertical. We’ll look at these opportunities later in this series.
Nokia also reported its results for the fourth quarter of 2017 and the first quarter, which impacted the firm’s stock price this year. Nokia reported non-GAAP EPS of $0.02 in the first quarter—50.0% below the average analyst estimate of $0.04. Nokia beat its earnings estimates of $0.11 by 36.4% in the fourth quarter of 2017. Nokia has beaten the average analyst earnings estimates in three of the last four quarters.