Earnings Preview: Nike
On Tuesday, September 22, Nike (NYSE: NKE) will report its last quarter's earnings. Here is Benzinga's preview of the company's release.
Earnings and Revenue
Wall Street analysts see Nike reporting earnings of $0.44 per share on revenue of $9.07 billion. In the same quarter last year, Nike reported EPS of $0.86 on revenue of $10.66 billion. The analyst consensus estimate would represent a 48.84% decline in the company's EPS figure. Nike's reported EPS has stacked up against analyst estimates in the past like this:
EPS Estimate | 0.09 | 0.59 | 0.57 | 0.70 |
EPS Actual | -0.51 | 0.78 | 0.70 | 0.86 |
Revenue Estimate | 7.52 B | 9.80 B | 10.07 B | 10.42 B |
Revenue Actual | 6.31 B | 10.10 B | 10.33 B | 10.66 B |
Stock Performance
Over the last 52-week period, shares are up 29.38%. Given that these returns are generally positive, long-term shareholders can be satisfied going into this earnings release.
Don't be surprised to see the stock move on comments made during its conference call. Nike is scheduled to hold the call at 17:00:00 ET and can be accessed here: https://investors.nike.com/investors/news-events-and-reports/?toggle=events
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