I keep hitting the buy button on Nike (NYSE:NKE | NKE Price Prediction), and every fresh leg down only makes the case stronger to me.
I keep hitting the buy button on Nike, and Tuesday's earnings report has not slowed me down.
Jobs data dominate a week heavy on economic data, including updates on home prices, consumer confidence, and manufacturing activity.
Nike (NKE) headlines a light earnings week, with mixed analyst sentiment and ongoing execution challenges tempering optimism despite some viewing current pricing as attractive. The June employment report is a key macro event; a strong print could pressure the Fed to tighten policy amid persistent wage inflation concerns.
Nike is slated to post its latest quarterly results after markets close Tuesday, with traders anticipating a big move in the athletic apparel giant's stock.
Next week will be packed with closely watched economic data, highlighted by the May jobs report, and capped early by a holiday-shortened week.
Get a deeper insight into the potential performance of Nike (NKE) for the quarter ended May 2026 by going beyond Wall Street's top-and-bottom-line estimates and examining the estimates for some of its key metrics.
Nike (NKE) reached $41.82 at the closing of the latest trading day, reflecting a -1.32% change compared to its last close.
Nike will release its fiscal Q4 on Tuesday, June 30. Ahead of the print, shares in the sneaker maker have languished around 52-week and historical lows. The company's struggles are due in part to continuing weakness in its China market, its largest market outside of North America.
NKE's DTC push leans on apps, exclusive launches and member engagement, even as tariffs and investments pressure near-term margins.
NIKE is rated Buy, with valuation at pre-2015 levels due to ongoing turnaround delays and investor impatience. Q4 2026 is pivotal; success hinges on at least flat revenue and earnings, plus a resolution of tariff refund litigation. NKE faces margin pressure from higher taxes and the tariff refund overhang, with a payout ratio exceeding 100%.
Nike (NKE) reached $45.2 at the closing of the latest trading day, reflecting a +2.29% change compared to its last close.