Nike Likely To Report Lower Q4 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Nike Inc. (NYSE:NKE) is expected to report lower Q4 earnings at 67 cents per share, down from 90 cents per share a year ago. The company's revenue is projected to be $12.59 billion. Several analysts have recently adjusted their price targets for Nike, with most maintaining an Overweight or Outperform rating, but one analyst downgraded the stock from Hold to Sell.
June 29, 2023 | 10:15 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Nike's Q4 earnings are expected to be lower than the previous year. Analysts have adjusted their price targets, with most maintaining a positive outlook but one downgrading to Sell.
The expected lower earnings for Nike could negatively impact the stock price in the short term. While most analysts maintain a positive outlook, the downgrade to Sell by one analyst could also influence investor sentiment and stock performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100