Robert WayShares in sneaker giant, Nike (NYSE:NKE), were pummeled in the aftermarket hours on Thursday following the release of its fiscal Q4 earnings results. The stock dropped about 12% after pairing a forward guidance cut with an underwhelming sales report. Heading into the release, shares were already down 17% over the past year, including a 13% loss YTD. The added selling pressure in the after-hours session pulled shares down to a pricing level last seen four years ago during the start of the COVID ...

NEW YORK, June 28, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of NIKE, Inc. (NYSE: NKE).Shareholders who purchased shares of NKE during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/nike-loss-submission-form/?id=87812&from=4CLASS PERIOD: March 19, 2021 to March 21, 2024 ALLEGATIO ...

Amid Nike (NYSE: NKE) posting a more significant sales decline than expected for the fiscal year of 2025, NKE shares have started to tumble, and certain Wall Street analysts have updated their NKE stock price expectations following the earnings report or in the days leading up to it.Indeed, some finance experts had expected impressive results from Nike, which is why they upgraded their price targets ahead of the earnings call in combination with other factors, whereas others downgraded NKE stocks in respons ...

Key TakeawaysNike shares dropped more than 12% in extended trading on Thursday after the company reported weaker-than-expected quarterly revenue and cut its sales outlook.The stock sits poised to break down from a rising wedge pattern.A measured move in Nike shares, which we calculate by subtracting the distance of the downtrend preceding the rising wedge from the pattern's lower trendline, projects a price target of $75.It's also worth monitoring if a prominent swing low that formed on the chart in October ...

For the quarter ended May 2024, Nike (NKE) reported revenue of $12.61 billion, down 1.7% over the same period last year. EPS came in at $1.01, compared to $0.66 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $12.88 billion, representing a surprise of -2.13%. The company delivered an EPS surprise of +18.82%, with the consensus EPS estimate being $0.85.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectat ...

Nike on Thursday forecast a surprise drop in fiscal 2025 sales, after disappointing fourth-quarter sales laid bare the company’s weakening market share and its faltering direct-to-consumer strategy.Shares of the company were down 12% in extended trading after Nike also forecast a wider-than-expected drop in first-quarter revenue.The company’s efforts to drive more sales through its direct-to-consumer channel have failed to reap rewards as customers turn more picky about non-essential spending and splurge on ...

Thursday, June 27th, 2024Market indices closed in the green today. Not by much — except for the small-cap Russell 2000, which was up +0.76% — but it’s a winning session nevertheless. The Dow gained +0.09% (following +0.04% yesterday), a mere +36 points. The S&P 500 was also up +0.09% today, while the Nasdaq gained another +53 points, or +0.30%. Bond yield rates reflect a confidence that an easing of interest rates is on the horizon: the 10-year is at +4.288% and the 2-year (still inverted) hit +4.714%.Pendi ...

NIKE, Inc. (NYSE:NKE) Q4 2024 Earnings Call Transcript June 27, 2024 5:00 AM ET Company Participants Paul Trussell - VP, Corporate Finance and Treasurer John Donahoe - President and CEO Matthew Friend - CFO Conference Call Participants Matthew Boss - JPMorgan Lorraine Hutchinson - Bank of America Robert Drbul - Guggenheim Securities Adrienne Yih - Barclays Brooke Roach - Goldman Sachs Michael Binetti - Evercore ISI Aneesha Sherman - Bernstein Operator Good afternoon, everyone. Welcome to NIKE, Inc.'s Fiscal ...

Nike (NKE) came out with quarterly earnings of $1.01 per share, beating the Zacks Consensus Estimate of $0.85 per share. This compares to earnings of $0.66 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 18.82%. A quarter ago, it was expected that this athletic apparel maker would post earnings of $0.69 per share when it actually produced earnings of $0.98, delivering a surprise of 42.03%.Over the last four quarters, the compa ...

Nike's Latest Results: Struggles Beneath the SwooshNike's latest financial report reveals both triumphs and tribulations as the iconic brand grapples with market challenges and strategic shifts. Alfonso holds a Bachelor's degree in Economics. With his expertise in financial markets, he delivers insightful analysis and investment strategies. Off work, he enjoys playing soccer, combining his passion for sports with his financial acumen.As a lifelong fan of Nike, we've watched this brand rise to iconic status, ...