Nokia Oyj Future Growth

Future criteria checks 2/6

Nokia Oyj is forecast to grow earnings and revenue by 18% and 0.3% per annum respectively. EPS is expected to grow by 18.3% per annum. Return on equity is forecast to be 8.4% in 3 years.

Key information

18.0%

Earnings growth rate

18.3%

EPS growth rate

Communications earnings growth	58.4%
Revenue growth rate	0.3%
Future return on equity	8.4%
Analyst coverage	Good
Last updated	15 Nov 2024

Recent future growth updates

Nokia Oyj Just Missed EPS By 37%: Here's What Analysts Think Will Happen Next

Oct 20

Recent updates

Earnings and Revenue Growth Forecasts

HLSE:NOKIA - Analysts future estimates and past financials data (EUR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	19,859	1,580	1,767	2,355	17
12/31/2025	19,332	1,350	1,636	2,168	20
12/31/2024	19,111	1,117	1,732	2,061	21
9/30/2024	19,772	914	3,692	4,155	N/A
6/30/2024	20,155	912	2,623	3,123	N/A
3/31/2024	21,127	834	1,769	2,301	N/A
12/31/2023	22,258	660	665	1,317	N/A
9/30/2023	23,171	3,848	-684	14	N/A
6/30/2023	24,704	4,128	38	708	N/A
3/31/2023	25,138	4,304	354	998	N/A
12/31/2022	24,911	4,201	873	1,474	N/A
9/30/2022	23,876	1,727	828	1,393	N/A
6/30/2022	23,033	1,652	1,153	1,731	N/A
3/31/2022	22,474	1,532	1,290	1,880	N/A
12/31/2021	22,202	1,632	2,065	2,625	N/A
9/30/2021	22,341	-1,742	2,478	3,018	N/A
6/30/2021	22,236	-1,884	2,194	2,702	N/A
3/31/2021	22,015	-2,148	2,445	2,929	N/A
12/31/2020	21,852	-2,520	1,280	1,759	N/A
9/30/2020	22,202	740	1,936	2,469	N/A
6/30/2020	22,594	625	1,893	2,520	N/A
3/31/2020	23,196	355	602	1,271	N/A
12/31/2019	23,315	14	-300	390	N/A
9/30/2019	23,280	-359	-481	187	N/A
6/30/2019	23,052	-570	-973	-359	N/A
3/31/2019	22,671	-646	-864	-277	N/A
12/31/2018	22,563	-554	-312	360	N/A
9/30/2018	22,346	-1,128	310	964	N/A
6/30/2018	22,388	-1,194	N/A	302	N/A
3/31/2018	22,693	-1,351	N/A	2,174	N/A
12/31/2017	23,147	-1,473	N/A	1,811	N/A
9/30/2017	23,153	-430	N/A	331	N/A
6/30/2017	23,549	-357	N/A	1,310	N/A
3/31/2017	23,508	-600	N/A	-344	N/A
12/31/2016	23,641	-751	N/A	-1,454	N/A
9/30/2016	20,593	-912	N/A	-1,507	N/A
6/30/2016	17,733	-604	N/A	-1,239	N/A
3/31/2016	15,075	399	N/A	-881	N/A
12/31/2015	12,560	1,192	N/A	503	N/A
9/30/2015	12,399	1,018	N/A	270	N/A
6/30/2015	12,451	3,129	N/A	166	N/A
3/31/2015	12,033	2,779	N/A	1,214	N/A
12/31/2014	11,762	2,710	N/A	1,275	N/A
9/30/2014	11,730	2,584	N/A	1,104	N/A
6/30/2014	11,579	436	N/A	714	N/A
3/31/2014	12,233	387	N/A	-272	N/A
12/31/2013	11,795	273	N/A	72	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: NOKIA's forecast earnings growth (18% per year) is above the savings rate (1.3%).

Earnings vs Market: NOKIA's earnings (18% per year) are forecast to grow faster than the Finnish market (14.4% per year).

High Growth Earnings: NOKIA's earnings are forecast to grow, but not significantly.

Revenue vs Market: NOKIA's revenue (0.3% per year) is forecast to grow slower than the Finnish market (2.6% per year).

High Growth Revenue: NOKIA's revenue (0.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: NOKIA's Return on Equity is forecast to be low in 3 years time (8.4%).

Nokia Oyj Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 23%

Nokia Oyj Just Missed EPS By 37%: Here's What Analysts Think Will Happen Next

Consensus EPS estimates fall by 10%

Nokia Oyj Provides Unchanged Earnings Guidance for the Full Year 2024

Recent updates

Nokia Oyj (HEL:NOKIA) Will Pay A Dividend Of €0.03

Nokia Oyj (HLSE:NOKIA) acquired R Software Inc.

Nokia Oyj's (HEL:NOKIA) Dividend Will Be €0.03

Dividend of €0.03 announced

Some May Be Optimistic About Nokia Oyj's (HEL:NOKIA) Earnings

Consensus EPS estimates fall by 23%

Nokia Oyj Just Missed EPS By 37%: Here's What Analysts Think Will Happen Next

Nokia Announces Changes to Its Group Leadership Team

Nokia Oyj's (HEL:NOKIA) Dividend Will Be €0.03

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

Nokia Oyj to Report Q4, 2024 Results on Jan 30, 2025

Upcoming dividend of €0.03 per share

Nokia Corteca First to Introduce Open Standards for WiFi Management, Including prpl LCM for Home Applications

Nokia Expands Wi-Fi 7 Portfolio with the Launch of Beacon 19 Gateway

Nokia Introduces Lightspan MF-8, Expanding Its 25/50/100G Fiber Access Portfolio

Is Nokia Oyj (HEL:NOKIA) Trading At A 46% Discount?

Nokia Launches Most Modern Data Center Automation Platform Built for the AI Era

Nokia Oyj (HEL:NOKIA) Seems To Use Debt Quite Sensibly

Nokia AIMS Boosts Warehouse Efficiency with True Automated Inventory Monitoring Service

Consensus EPS estimates fall by 10%

Dividend of €0.03 announced

Second quarter 2024 earnings: EPS and revenues miss analyst expectations

Nokia Oyj Provides Unchanged Earnings Guidance for the Full Year 2024

Upcoming dividend of €0.03 per share

Nokia Oyj (HEL:NOKIA) Not Flying Under The Radar

Nokia Oyj (HLSE:NOKIA) entered into a definitive agreement to acquire Infinera Corporation (NasdaqGS:INFN) from Oaktree Optical Holdings, L.P. and others for $1.7 billion.

Nokia Oyj (HLSE:NOKIA) entered into a definitive agreement to acquire Infinera Corporation (NasdaqGS:INFN) from Oaktree Optical Holdings, L.P. and others for $1.7 billion.

Nokia Oyj (HEL:NOKIA) Is Looking To Continue Growing Its Returns On Capital

Nokia Oyj Announces Executive Changes

Nokia Oyj (HEL:NOKIA) Shares Could Be 45% Below Their Intrinsic Value Estimate

Nokia Unveils Advanced DDoS Countermeasures for Improved Protection Against Botnet and Application-Level DDoS Attacks

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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