1. Nike expects $11.02 billion revenue, down from $12.43 billion last year. 2. Half of analysts recommend Nike as a 'buy', price target near $82. 3. Earnings per share forecast to decline to 28 cents year-over-year. 4. Turnaround efforts may take time under new CEO Elliott Hill. 5. Nike shares have dropped 30% in value over the past year.
Analyst ratings are more bullish, with a near-term price target increase pending. Positive sentiment from strategic changes and marketing initiatives indicate potential for recovery.
The article focuses on an upcoming earnings report, critical for stock price movements. Analyst opinions and strategic initiatives contribute to investor sentiment.
Imminent earnings report and analyst sentiments suggest near-term market reactions. Historical examples show stock volatility around earnings announcements can lead to quick movements.