Nike (NKE) Q3 Earnings and Revenues Surpass Estimates
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Nike reported Q3 earnings of $0.54 per share, significantly exceeding the Zacks Consensus Estimate of $0.28. The company's revenues were $11.27 billion, down from $12.43 billion in the same quarter last year. Despite beating estimates, Nike has underperformed the market year-to-date, with shares down 3.5%.
March 20, 2025 | 10:45 pm
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Nike's Q3 earnings exceeded expectations, but lower revenues and industry ranking suggest potential market headwinds.
While Nike beat earnings estimates, lower revenues and poor industry ranking suggest a neutral short-term outlook. The Zacks Rank of #3 indicates expected market-level performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100