Nike Q4 2024 GAAP EPS $0.99 Beats $0.84 Estimate, Sales $12.6B Miss $12.907B Estimate
Portfolio Pulse from Benzinga Newsdesk
Nike reported Q4 2024 earnings per share (EPS) of $0.99, beating the analyst estimate of $0.84. However, sales of $12.6 billion missed the $12.907 billion estimate and were down 1.75% year-over-year.
June 27, 2024 | 8:15 pm
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Nike's Q4 2024 earnings per share (EPS) of $0.99 beat expectations by 17.86%, but sales of $12.6 billion missed estimates by 2.38% and were down 1.75% year-over-year.
While Nike's EPS beat expectations significantly, the miss on sales and the year-over-year decline in revenue may offset the positive sentiment. This mixed result is likely to lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100