Zach Warring from CFRA joins to discuss Nike's (NKE) earnings report and new CEO. “A lot of the competitive pressures are overblown,” he adds, despite fears around upstarts like Hoka or On Holding (ONON).
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
The athletic gear maker hasn't had a good run lately and has been steadily losing market share to competitors.
While Nike bulls have been anticipating turnaround plans to bear fruit in the Spring 2026 fashion cycle, “that timeline may prove optimistic,” according to one analyst.
Bob Drbul, Guggenheim Securities equity research analyst, joins 'Squawk Box' to discuss Nike's quarterly earnings results, the challenges facing incoming CEO Elliott Hill, and more.
Nike shares dropped about 6% in premarket trading on Wednesday after the company withdrew its annual revenue target, keeping investors guessing on the timeline for a turnaround at the sportswear giant under incoming CEO Elliott Hill.
The apparel giant's new CEO might have to lower expectations further before starting a turnaround.
On October 1, Nike (NYSE: NKE) released its Q1 2025 earnings results. The company reported an impressive 34.9% earnings per share (EPS) beat — $0.70 vs consensus estimates of $0.52.
Nike Inc. reported better-than-expected earnings, yet its stock dropped after the company announced it would be withdrawing its financial forecast for the full year and postponing its first investor day in seven years.
Nike (NKE) shares moved sharply lower in extended trading on Tuesday after the apparel and equipment giant withdrew its full-year outlook and said it plans to postpone its upcoming investor day ahead of the company's transition to a new CEO later this month.
I upgrade Nike to a ‘Buy' rating with a one-year target price of $98 per share, reflecting current stock price challenges. Nike's Q1 results show -9% revenue growth, with wholesale and Nike Direct revenue dropping by 7% and 12%, respectively, due to weak consumer sentiment and China market. NKE is accelerating product innovation with new launches like Pegasus 41 and Air Max Dn, aiming to boost growth despite near-term challenges.
CFRA's Zachary Warring says it could take Nike at least a year to work through the challenges it's currently facing, from stiffer competition to better capturing demand.