Nike Stock Climbs Ahead of Q1 Earnings

Nike Inc. (NYSE: NKE ) shares are trading higher Thursday ahead of the company’s first-quarter earnings report, due after market close today. Nike stock is trading near recent lows. What should traders watch with NKE?

33 billion. 72 billion a year earlier. Even so, Nike has topped revenue forecasts for seven straight quarters and in eight of the last 10 overall. On profit, analysts are projecting 44 cents per share, down from 49 cents a year ago.

The company has beaten EPS estimates for 12 consecutive quarters. Nike’s last report, covering the fiscal fourth quarter ended May 31, gives useful context for tonight’s numbers. 4 billion, flat on a reported basis but down 2% once currency effects are stripped out. 0 billion, down 1% as reported and down 4% on a currency-neutral basis.

1 billion, a split that mirrors the broader pattern of wholesale strength and direct-to-consumer weakness investors are watching again this quarter. What a Beat Would Actually Mean For the Stock Nike has strung together a long run of topping Wall Street’s numbers, yet the stock has stayed stuck in a downtrend because investors haven’t seen fresh products or real innovation to get excited about. A beat tonight on both revenue and earnings would extend that streak, but it likely wouldn’t be enough on its own to break the stock out of its slump without something more concrete, like a major new launch or an acquisition, to shift the broader narrative.

A miss, on the other hand, would strip away even that modest point of reassurance and could add pressure to a stock already trading well below where analysts see fair value. For now, Nike’s recent history suggests the numbers alone won’t settle the bigger question of whether Hill’s turnaround is actually taking hold. 83 at the time of publication on Thursday. 15, according to Pro.

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