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Benzinga
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Nike Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

1. Nike to release Q1 earnings on Sept. 30, expecting 27 cents per share. 2. Earnings down sharply from 70 cents last year, indicating potential concerns. 3. Analysts remain mixed, raising price targets but maintaining ratings. 4. Historically, Nike has beaten estimates consistently over recent quarters. 5. Shares rose 0.4% to $69.55 ahead of anticipated earnings.

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FAQ

Why Bearish?

Earnings forecast drop from $0.70 to $0.27 indicates declining profitability, impacting investor sentiment.

How important is it?

Despite positive long-term trends, the upcoming earnings report is crucial for immediate price movement.

Why Short Term?

Immediate investor reaction expected post-earnings announcement; historical trends show volatility around earnings dates.

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