Nike Q4 Earnings Preview: Analyst Estimates, Olympics, Soccer, Caitlin Clark, Hyperice Partnership Top Items To Watch
Portfolio Pulse from Chris Katje
Nike Inc (NYSE:NKE) is set to report its Q4 earnings, with analysts expecting slight revenue and earnings per share increases. Analysts have mixed ratings on Nike, with some seeing potential for a rebound. Key items to watch include product innovation, endorsements, and the new Hyperice partnership. On Holding (NYSE:ONON) is noted as a key competitor.
June 27, 2024 | 2:20 pm
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NEUTRAL IMPACT
On Holding is noted as a key competitor to Nike, with its shares up significantly over the last year. Analysts and investors are watching how Nike addresses competition from On Holding in its Q4 earnings report.
While On Holding is mentioned as a competitor, the primary focus of the article is on Nike's earnings and strategy. The impact on On Holding's stock price is less direct and more dependent on Nike's performance and commentary.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Nike is set to report Q4 earnings with expected slight increases in revenue and EPS. Analysts have mixed ratings but see potential for a rebound. Key items to watch include product innovation, endorsements, and the new Hyperice partnership.
Nike's expected slight increases in revenue and EPS, along with positive analyst ratings and focus on innovation and endorsements, suggest a potential short-term positive impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100