Earnings Outlook For Nike
Portfolio Pulse from Benzinga Insights
Nike (NYSE:NKE) is scheduled to release its quarterly earnings report on Thursday, 2024-03-21, with analysts estimating an EPS of $0.74. Historical data shows mixed reactions to past earnings, with the last quarter beating EPS estimates by $0.18 but resulting in an 11.83% drop in share price. Over the last year, Nike shares have declined by 17.43%, indicating a bearish sentiment among long-term shareholders.
March 20, 2024 | 2:00 pm
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Nike is expected to announce its quarterly earnings with an estimated EPS of $0.74. Historical performance shows mixed reactions, with a significant drop after the last earnings despite beating estimates. Shares have declined over the past year, indicating bearish sentiment.
Given Nike's mixed historical earnings performance and the overall decline in share price over the past year, the upcoming earnings report could maintain the current stock price or result in minor fluctuations. The market's focus will likely be on the company's guidance for future growth, which could have a more significant impact on the stock's short-term movement.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100