Nike Gears Up For Q2 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
NIKE, Inc. (NYSE:NKE) is expected to report Q2 earnings of 84 cents per share, slightly down from 85 cents per year ago, with revenues estimated at $13.43 billion. The company recently increased its quarterly dividend by 9%. Ahead of the earnings call, analysts have revised their ratings and price targets for NKE, with most maintaining a positive outlook but with varied price target adjustments. NKE shares dropped 1% to close at $121.43 on Wednesday.
December 21, 2023 | 3:59 pm
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NIKE is anticipated to report Q2 earnings of 84 cents per share with $13.43 billion in revenue. Analysts have revised their price targets, with most maintaining a positive outlook. The company increased its dividend by 9%, and shares recently fell by 1%.
The slight decrease in expected earnings per share (EPS) from the previous year could be a concern for investors, but the increase in dividend and generally positive analyst ratings may balance sentiment. The recent 1% drop in share price indicates some investor caution ahead of the earnings report. The mixed revisions in price targets by analysts reflect uncertainty, but the overall positive outlook suggests potential for a neutral to positive short-term impact on the stock.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100