Nike Set To Report Earnings Thursday — Options Market Implies 6% Move
Portfolio Pulse from Priya Nigam
Nike Inc. is expected to report its Q1 financial results on Sept. 28, 2023. The options market implies a move of around +/-6%, which is in line with the historical average. Large options traders purchased 1,000 of the September weekly 95-calls at an average price of 73 cents per share. Analysts expect Nike to post quarterly earnings at 70 cents per share on revenue of $12.26 billion.
September 28, 2023 | 1:08 pm
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Nike's Q1 financial results are expected soon. The options market implies a +/-6% move. Analysts expect earnings of 70 cents per share on revenue of $12.26 billion.
The news is directly related to Nike's upcoming earnings report. The options market's implied move and analysts' expectations could influence the stock's short-term price. However, the actual impact will depend on the reported results compared to these expectations.
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RELEVANCE 100