These Analysts Revise Their Forecasts On Nike Following Q4 Results
Portfolio Pulse from Lisa Levin
Nike Inc. reported Q4 revenue of $12.82 billion, up 10% YoY, beating the Street consensus estimate of $12.59 billion. However, its Q4 earnings per share of 66 cents missed the Street consensus estimate of 67 cents. Following the earnings announcement, Raymond James, JP Morgan, and Wedbush revised their price targets on Nike. Nike shares fell 2.9% to $110.10 in pre-market trading.
June 30, 2023 | 12:31 pm
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Nike's Q4 earnings missed estimates, leading to a 2.9% drop in pre-market trading. Analysts have revised their price targets following the earnings announcement.
Nike's lower-than-expected Q4 earnings have led to a negative market reaction, with shares falling in pre-market trading. This could potentially impact the stock's short-term performance. Additionally, the revised price targets by analysts post-earnings could influence investor sentiment and trading decisions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100