Nokia (NOK) shares closed at $4.08 in the last trading session, unchanged from the previous day. This change lagged behind the S&P 500 growth of 0.69% for the day. At the same time, the Dow added 0.43% and the technology-heavy Nasdaq lost 8.94%.

On the eve of today, technology stocks were up 0.49% over the past month, lagging the computer and technology sector’s 10.86% gain and the S&P 500’s 5.41% gain over that time.

Wall Street will expect positive things from Nokia as it approaches the date of its next earnings report. The company is expected to report earnings per share of $0.08, down 27.27% from the previous quarter. According to our latest consensus forecast, quarterly revenue will be $6.43 billion, up 2.74% from last year.

Analysts expect earnings of $0.44 per share and revenue of $27.86 billion. These numbers would change from last year by -4.35% and +6.5%, respectively.

Valuation is also important, so investors should note that Nokia’s Forward P/E ratio is now 9.32. The industry average Forward P/E ratio is 14.81, so we can conclude that Nokia is trading at a discount.

It’s also worth noting that NOK’s PEG ratio is currently 5.26. This popular metric is similar to the well-known P/E ratio, with the difference being that the PEG ratio also takes into account the company’s expected earnings growth rate. Wireless equipment stocks average a PEG ratio of 1.98 based on yesterday’s closing prices.