What's Going On With Nike Stock Thursday?
Portfolio Pulse from Adam Eckert
Nike Inc (NYSE:NKE) is set to report its fiscal fourth-quarter earnings after market close on Thursday. Analysts expect earnings of 85 cents per share and revenue of $12.907 billion. Despite beating estimates last quarter, shares fell due to slowing China sales. Several analysts have adjusted their ratings and price targets for Nike stock ahead of the earnings report.
June 27, 2024 | 3:42 pm
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Nike is set to report its fiscal fourth-quarter earnings after market close on Thursday. Analysts expect earnings of 85 cents per share and revenue of $12.907 billion. Despite beating estimates last quarter, shares fell due to slowing China sales. Several analysts have adjusted their ratings and price targets for Nike stock ahead of the earnings report.
Nike's upcoming earnings report is highly anticipated, with analysts expecting solid earnings and revenue figures. However, the market's reaction will be closely tied to any updates on China sales and overall growth strategy. The multiple analyst rating adjustments indicate a mixed sentiment but generally positive outlook.
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