Nike Inc's NKE first-quarter financial results showed that a turnaround by incoming CEO Elliot Hill could take longer than expected and come with increasing challenges, according to analysts. The Nike Analysts: RBC Capital analyst Piral Dadhania maintained a Sector Perform rating and lowered the price target from $85 to $82. Truist analyst Joseph Civello maintained a Hold rating and lowered the price target from $85 to $83. Morgan Stanley analyst Alex Straton maintained an Equal-Weight rating with a price t ...

Nike (NKE, Financial) experienced a significant drop of over 8%, reaching $81.77 per share. This decline followed the company's announcement that its first-quarter revenue fell by approximately 10% compared to the same period last year. As a result, Nike will retract its full-year performance outlook and postpone its investor day event. ...

Nike NYSE: NKE shares fell after the Q1 report, which opened an opportunity for investors. The fall is due to numerous factors, including weaker-than-expected results, revoked guidance, and a CEO transition that is ultimately expected to turn the company around. The takeaway is that Nike faces headwinds and has a long road to recovery, but market support remains firm, and recovery is expected. The question is if now is the right time to buy or if the stock will make a deeper correction before the rebound be ...

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. Read More: ...

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. However, several key metrics are lagging, and the company is still lagging behind Adidas (ETR: ADS), a key competitor.Revenues were in line with expectations at $11.59 billion compared to estimates of $11.65 billion, but constant currency revenues fell 9% year-on-year (YoY), a stark contrast to Q1 2024, when the decline was just ...

Key TakeawaysNike shares fell in extended trading 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.The stock has rallied more than 25% from the lower trendline of a falling wedge, though Wednesday’s projected earnings-driven selling threatens to derail the recent bullish price momentum.Investors should monitor key lower price levels on Nike's weekly chart around ...

Back in June 2023, I presented my ‘Strong Sell’ thesis on Nike (NYSE: NKE ), and since then, the stock price has dropped by more than 17% compared to 30% return of S&P 500 ( SPX ) during the sameMore than 15 years of professional investment experience in global equities across all sectors. My investment style is fundamental, bottom-up, long-term, and quality growth-oriented. I am seeking companies specializing in niche markets, with strong growth potential, a solid management team, a sound capital allocatio ...

The consequences of its flawed direct-to-consumer (D2C) strategy continue to haunt Nike. As reported Tuesday (Oct. 1), the company’s revenue showed weakness across all channels as it tried to curry favor with its wholesale partners and recapture some of the magic that brought it double-digit growth a decade ago.“We are moving aggressively to shift our product portfolio, create better balance in our business and reenergize brand momentum through sport,” Nike CFO Matt Friend told the company’s earnings call a ...

NIKE, Inc. (NYSE:NKE) Q1 2025 Earnings Conference Call October 1, 2024 5:00 PM ET Company Participants Paul Trussell - VP, Corporate Finance & Treasurer Matthew Friend - CFO Conference Call Participants Robert Drbul - Guggenheim Securities Alex Straton - Morgan Stanley Michael Binetti - Evercore ISI Simeon Siegel - BMO Lorraine Hutchinson - Bank of America Paul Lejuez - Citi Brooke Roach - Goldman Sachs Operator Good afternoon, everyone. Welcome to NIKE, Inc.'s Fiscal 2025 First Quarter Conference Call. For ...

Nike has retracted its full-year performance guidance after reporting lower-than-expected revenue, highlighting the challenges incoming CEO Elliott Hill will face upon taking office later this month. Chief Financial Officer Matt Friend attributed this move to the upcoming leadership transition. The company anticipates a second-quarter revenue decline of 8% to 10%, similar to the drop in the first quarter.Although some initial progress has been made, the situation remains challenging. Nike's stock fell 6.3% ...