Nike Gears Up For Q1 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Lisa Levin
Nike Inc. (NYSE:NKE) is expected to report Q1 financial results on Sept. 28, 2023. Analysts predict a decrease in earnings per share from 93 cents to 70 cents and a drop in revenue from $12.69 billion to $12.26 billion. Several analysts have revised their ratings and price targets for Nike, with most maintaining an Overweight rating but reducing their price targets.
September 28, 2023 | 3:03 pm
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Nike's expected decrease in Q1 earnings and revenue, along with reduced price targets by analysts, could potentially impact the company's stock negatively in the short term.
The expected decrease in Nike's Q1 earnings and revenue indicates a potential slowdown in the company's financial performance. This, coupled with the reduced price targets by several analysts, could lead to a negative sentiment among investors, potentially driving the stock price down in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100