Nike Inc (NYSE:NKE, ETR:NKE) beat expectations on the earnings and revenue front in Q3, prompting a 2.5% increase in after-hours trading. The company reported earnings per share of $0.54, significantly higher than the anticipated $0.29.
Nike posted a smaller-than-expected drop in quarterly revenue on Thursday, benefiting from a holiday season bump and an uptick in demand for its new Pegasus Premium and Vomero 18 sneaker lines.
Nike will report fiscal third-quarter earnings after the bell on Thursday as the company tries to execute a turnaround under new CEO Elliott Hill. Analysts are expecting earnings per share of 29 cents on revenue of $11.01 billion.
NIKE, Inc. NKE will release its third-quarter financial results after the closing bell on Thursday, March 20.
Nike is expected to post its steepest revenue decline in nearly five years in its quarterly results on Thursday, as its new products failed to open the wallets of Americans reluctant to snap up non-essential items like sporting goods and clothing.
Matt Powers, Managing Partner at Powers Advisory Group, discussed Nike's turnaround, noting poor past management and slow innovation. He believes Nike will recover but emphasizes patience for investors.
Nike is expected to post its steepest revenue decline in nearly five years in its quarterly results on Thursday, as its new products failed to open the wallets of Americans reluctant to snap up non-essential items like sporting goods and clothing.
Investors will get a glimpse at how the consumer discretionary sector is fairing with Nike (NKE) set to release results for its fiscal third quarter after-market hours on Thursday, March 20.
BofA Securities analyst Lorraine Hutchinson reiterated the Buy rating on the shares of Nike Inc NKE with a price forecast of $90.00.
Nike Inc (NYSE:NKE, ETR:NKE) will report its third quarter earnings this week and investors will be more focused on the words rather than the numbers, analysts at Bank of America believe. “We argue Q3 results will matter less than the message about the product reset cycle and evidence new product is resonating,” analysts wrote in a note to clients.
Nike (NKE) is scheduled to report earnings for the third quarter of fiscal 2025 after the closing bell on Thursday, with analysts more bullish than bearish on the apparel maker's stock.
Beyond analysts' top -and-bottom-line estimates for Nike (NKE), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended February 2025.