Nike Q4 Earnings Preview: Analyst Expectations, Price Target Changes And What's Next
Portfolio Pulse from Chris Katje
Nike Inc (NYSE:NKE) is set to report its Q4 financial results, with analysts expecting an EPS of 67 cents and revenue of $12.59 billion. The company has consistently beaten earnings and revenue estimates in recent quarters. However, analysts have lowered their price targets on Nike stock ahead of the earnings report, citing concerns over sportswear demand, potential inventory increases, and China's growth. Foot Locker's (NYSE:FL) recent Q1 results, which showed a decline in revenue and same-store sales, could also indicate potential weakness for Nike.
June 29, 2023 | 1:50 pm
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NEGATIVE IMPACT
Foot Locker's weak Q1 results, which showed a decline in revenue and same-store sales, could indicate potential weakness for Nike, a major supplier of its products.
Foot Locker's weak Q1 results, showing a decline in revenue and same-store sales, could indicate potential weakness for Nike, as Foot Locker is a major retailer and seller of Nike products. This could impact Nike's upcoming earnings report.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
NEGATIVE IMPACT
Nike is expected to report strong Q4 results, but lowered analyst price targets and concerns over sportswear demand, inventory, and China's growth could impact the stock negatively. Foot Locker's weak Q1 results may also indicate potential weakness for Nike.
Nike's consistent performance in beating earnings and revenue estimates could be overshadowed by lowered analyst price targets and concerns over sportswear demand, inventory, and China's growth. Foot Locker's weak Q1 results, as a major retailer of Nike products, could also signal potential weakness for Nike.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100