Nike Earnings Preview: What Investors Need to Watch
After the market closes on Sept. 26, Nike (NYSE: NKE) will report its earnings for the first quarter of fiscal 2018, which ended at the end of May. For this earnings release, it will be important to listen to what management has to say about footwear sales trends in North America, where Adidas (NASDAQOTH: ADDYY) has been running circles around Nike. The dichotomy between these two companies' performances is evident in their respective stock performances over the last year: Nike stock is down about 5%, while Adidas has climbed 44%.
Let's dive in to what you need to know heading into Nike's report.
Expectations are low. Wall Street analysts expect Nike to report $0.48 in earnings per share, down from last year's $0.73. As for revenue, analysts expect Nike to report $9.09 billion, about flat with last year's $9.1 billion.
Source: Fool.com
Nike Inc. B Stock
With 46 Buy predictions and 3 Sell predictions Nike Inc. B is one of the favorites of our community.
As a result the target price of 115 € shows a positive potential of 33.78% compared to the current price of 85.96 € for Nike Inc. B.
