Nike: Investors Shouldn't Bet On A Rebound Anytime Soon (NYSE:NKE)
1. Nike's stock dropped 5% post-earnings despite beating earnings consensus. 2. Net income fell 32% YoY, with gross margin decreasing 330 basis points. 3. Weak consumer engagement indicators like foot traffic impact future growth potential. 4. Consensus growth estimates predict Nike's growth lagging at 4-5% through 2027. 5. Analysts downgraded Nike shares to 'Sell' with a $53 price target.