Nike Inc (NYSE:NKE, XETRA:NKE) is set to report its fiscal third quarter results on Tuesday, with Jefferies analysts highlighting that the report comes amid steady progress in the athletic apparel and footwear company's ongoing turnaround strategy. The firm maintained a ‘Buy' rating on Nike with a price target of $110, suggesting potential upside of more than 100% from current levels.
NKE heads into Q3 with revenues and EPS seen falling as China weakness, tariff costs and digital softness test its Win Now turnaround.
Nike's troubles in China are being laid bare as operational missteps collide with fierce domestic competition and a cooling consumer, revealing execution flaws at the U.S. sportswear giant beyond just a backlash against foreign brands.
The sportswear giant has been trying to focus more on the needs of athletes, but analysts say new products aren't catching on.
Nike is slated to post its latest quarterly earnings after the closing bell Tuesday, with some traders expecting its stock could hit its lowest level in more than a decade following the results.
Nike (NKE) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Nike (NKE) is rated Strong Buy, with a $85 price target, reflecting a 33% upside and 2.6% dividend yield. The 'Win Now' turnaround is delivering: Q2 FY2026 EPS beat. The "Win Now" turnaround is delivering: Q2 FY2026 EPS beat by 43%, wholesale revenues up 8%, running category up 20%+ for two quarters. Gross margin compression is driven by $1.5B annual tariffs and inventory liquidation, but these are short-term; margin recovery is expected as mitigation takes effect.
Besides Wall Street's top-and-bottom-line estimates for Nike (NKE), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended February 2026.
Zacks.com users have recently been watching Nike (NKE) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Nike Inc (NYSE:NKE, XETRA:NKE) has earned a repeat ‘Buy' rating from Bank of America analysts ahead of its third quarter earnings report, with the firm expecting the company's North American business to show continued progress even amid global headwinds. The analysts noted “continued progress in NA gives us increased confidence in Nike's turnaround potential globally,” even as challenges persist in China and gross margin pressures mount.
On Holding appointed co-founders David Allemann and Caspar Coppetti as co-CEOs of the Swiss sneaker maker. They are replacing Martin Hoffmann, who served as CEO for the past five years and will stay on as an advisor until 2027.
Nike (NKE) closed the most recent trading day at $53.49, moving +1.48% from the previous trading session.