Nike Stock: Is the Worst Over?
Investors hoping for a turnaround at Nike (NYSE: NKE) will have to wait longer.
The world's leading sportswear company posted yet another quarter of declining revenue and profits and told investors that things would get worse in the fiscal fourth quarter, the current period.
The quarter marked Nike's fourth straight period of declining revenue as sales fell 9% to $11.3 billion, dragging earnings per share down to $0.54, well below the $0.98 it reported after adjustments in the quarter a year ago.
Source Fool.com
Nike Inc. B Stock
€57.41
0.450%
The stock is an absolute favorite of our community with 59 Buy predictions and no Sell predictions.
With a target price of 73 € there is a positive potential of 27.16% for Nike Inc. B compared to the current price of 57.41 €.
