Why Nike Stock Got Crushed Today
(NYSE: NKE) published its fiscal Q3 results after the market closed yesterday, and the report spurred a big sell-off in Wednesday's daily trading session. The company's share price closed out the day down 15.5%. Meanwhile, the S 500 gained 0.7% in the day's trading.
The company's earnings of $0.35 per share in the quarter actually came in significantly ahead of the average analyst estimate's call for a per-share profit of $0.28, and sales of approximately $11.3 billion in the quarter were roughly in line with the average Wall Street target. On the other hand, the company's forward guidance points to headwinds for the turnaround effort.
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Source Fool.com
Nike Inc. B Stock
€36.64
0.440%
With 80 Buy predictions and 2 Sell predictions Nike Inc. B is one of the favorites of our community.
As a result the target price of 66 € shows a very positive potential of 80.16% compared to the current price of 36.64 € for Nike Inc. B.
