Nike Inc (NYSE:NKE, XETRA:NKE) forecast fiscal 2027 adjusted earnings well below Wall Street expectations on Thursday, sending its shares down 5.8% after the bell. The sportswear maker expects adjusted earnings per share of $1.15 to $1.35, against analyst estimates of $1.65.
Caitlin Clark's Nike Caitlin 1 is nearly sold out less than two hours after its release. Nike's first Clark signature shoe retails for $140
Nike is expected to post another quarter of declining sales as the company tries to turn around its business and regain growth in China. The sneaker retailer previously said it expects sales to be flat for the first half of the fiscal year.
Nike is set to post earnings after the closing bell today, with traders expecting the stock could slide to its lowest point in 13 years.
Nike is set to report its latest quarterly results after today's closing bell, with the athletic apparel giant looking to turn around its extended slump.
Nike (NKE) shares have been a major disappointment for investors in 2026, but the options market believes the company's upcoming earnings on October 1 is unlikely to offer any significant relief. Consensus is for NKE to post $0.44 a share of earnings (EPS) on $11.34 billion in revenue, which would represent a year-over-year “decline” across both metrics.
Nike is set to post earnings Thursday afternoon, with traders expecting the stock could slide to its lowest point in 13 years.
Plus, Meta expands beyond its core ad business with a push into AI services for enterprise customers.
Nike trades near 13-year lows, but I rate it a buy as current prices over-discount its structurally impaired moat. E-commerce and social media have permanently increased competition, eroding NKE's historical shelf-space advantage and complicating its turnaround. Nike's margin compression reflects operational deleverage during its strategic shift away from DTC.
Nike Inc (NYSE:NKE, XETRA:NKE) should show continued first-quarter progress as North America and wholesale stabilize, Jefferies wrote, although a slower, more promotional industry backdrop tempers the quarterly outlook. The broker expects better-positioned inventories to support a cleaner marketplace, with management bringing forward expectations for gross margin expansion to the first quarter.
Once one of its best markets, the country is now a major cause of the sportswear giant's sinking fortunes.
Nike is rated BUY, with a projected upside of 14.1%–76.9% from current depressed levels near $36. Investor Day 2026 is the key catalyst, expected to outline a multi-year strategy under CEO Elliott Hill. Valuation scenarios show meaningful upside even in a bearish case, with current P/E at 10-year lows and insider buying signaling confidence.