Nokia Corporation (NYSE:NOK) [Trend Analysis] regains street interests, as shares raised 0.35% on Tuesday and it traded at $5.69. Nokia Corporation released its interim report for first quarter of 2016. The Non-IFRS financial results benefitted from expanded portfolio and continuation of solid execution. This is a summary of the Nokia Corporation interim report for first quarter 2016 published today.
Nokia’s Networks business has 8% year-on-year net sales decrease in Q1 2016. The performance was primarily due to Ultra Broadband Networks, which declined 12% year-on-year and 27% sequentially, consistent with outlook for a greater than normal seasonal decline in the wireless infrastructure market in Q1 2016. IP Networks and Applications grew on a year-on-year basis. Nokia Technologies reported 27% year-on-year net sales decrease in Q1 2016. The performance was affected by the absence of the following three items, which benefitted Q1 2015: non-recurring adjustments to accrued net sales from existing agreements, revenue share related to previously divested intellectual property rights, and IPR divestments. Excluding these three items, net sales increased year-on-year by approximately 10% due to higher intellectual property licensing income.
Moving toward technical analysis, the current ratio, or the liquidity ratio of a company was calculated 2.50 as compared to its debt to equity ratio stands at 0.21. This is an important indicator as a higher ratio typically suggests that investors are investing more confidently as compared to companies in the same industry has lower ratios. When calculating in the EPS estimates for the current year from sell-side analysts, the Price to current year EPS stands at -53.90%. Investors looking further ahead will note that the Price to next year’s EPS is 23.65%.
Noting a main crunch of analyst research by WSJ, NOK under observation of quarterly per share earnings, it has second quarter 2016 trend of $0.04, while in next quarter estimated EPS trend is $0.07 and for annual basis for 2016 estimated EPS is $0.36.
Relatively pool of WSJ analyst issues diverse rating, as for current level it has 22 experts rated as “BUY” security, 4 analyst recommend as “Overweight,” and 11 experts rated as “Hold”.
As for as concerns shares volumes, in share capital Nokia Corporation (NYSE:NOK) has 5890.05 million outstanding shares among them 5763.55 million shares have been floated in market exchange. The stock showed weekly upbeat performance of -4.05%, which maintained for the month at -5.32%. Likewise the positive performance for the quarter recorded as -2.57% and for the year was -17.89%, while the YTD performance remained at -18.95%.