Athletic apparel giant Nike (NKE) reports earnings after the bell Thursday for the fourth quarter of its fiscal 2024 as the company looks ahead to opportunities to boost its business—like the Summer Olympics next month.
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Shares of Nike Inc NKE have been on an upward trajectory over the past week, exceeding market returns.
Oppenheimer analyst Brian Nagel sees a turnaround on the horizon for Nike. He upgraded shares to Outperform from Perform, and lifted his price target to $120 from $110.
Oppenheimer upgraded Nike Inc (NYSE:NKE) stock to "outperform" from "market perform" and raised its price target to $120 from $110.
NIKE (NKE) looks poised for a Q4 earnings beat on brand strength, robust consumer demand, business strategy, compelling product innovation, Consumer Direct Acceleration and digital leadership.
Nike is scheduled to deliver a critical investor update on June 27.
Nike (NKE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Nike Inc (NYSE:NKE, ETR:NKE)'s fiscal 2025 guidance will be the focus of its upcoming earnings call after it hands down its fourth quarter report on Thursday, June 27, after the stock market closes. Wall Street analysts, on average, expect Nike to post earnings per share of $0.86 on revenue of $12.91 billion for 4Q.
Nike (NKE) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
According to NextEarningsDate.com, the Nike NKE next earnings date is projected to be 6/27 after the close, with earnings estimates of $0.85/share on $12.91 Billion of revenue.
Nike's Q4 earnings are highly anticipated as investors analyze discretionary spending trends. Bulls believe in Nike's strong brand, financial performance, and market share consolidation. Bears question Nike's enduring moat and believe its valuation is excessive, leading to a hold rating.