Core Insights - Nike (NKE) is expected to report quarterly earnings of $0.11 per share, reflecting a significant decline of 89.1% year-over-year [1] - Analysts forecast revenues of $10.67 billion, indicating a decrease of 15.4% compared to the previous year [1] - The consensus EPS estimate has been adjusted downward by 2.3% over the past 30 days, showing a reassessment by analysts [1] Revenue Estimates - Revenue from Converse is projected to be $428.27 million, down 10.8% from the prior-year quarter [4] - Global Brand Divisions revenue is expected to reach $11.51 million, showing a year-over-year increase of 4.6% [4] - Apparel revenue is estimated at $2.94 billion, reflecting an 11.5% decline from the previous year [4] Geographic Revenue Projections - North America revenue is anticipated to be $4.48 billion, down 15.2% year-over-year [5] - Asia Pacific & Latin America revenue is projected at $1.50 billion, indicating a decrease of 12.1% from the prior-year quarter [5] - Europe, Middle East and Africa revenue is expected to be $2.83 billion, down 14% year-over-year [6] - Greater China revenue is forecasted at $1.48 billion, reflecting a decline of 20.4% from the previous year [6] Segment-Specific Revenue Estimates - Asia Pacific & Latin America Apparel revenue is expected to be $377.36 million, down 9.3% year-over-year [7] - Asia Pacific & Latin America Footwear revenue is projected at $1.06 billion, indicating a decrease of 13.2% from the prior-year quarter [7] - Europe, Middle East and Africa Equipment revenue is estimated at $157.52 million, down 10.5% from the previous year [8] Stock Performance - Over the past month, Nike shares have recorded a return of -0.4%, compared to a +0.5% change in the Zacks S&P 500 composite [8] - Nike holds a Zacks Rank 3 (Hold), suggesting that its performance is likely to align with the overall market in the upcoming period [8]
Ahead of Nike (NKE) Q4 Earnings: Get Ready With Wall Street Estimates for Key Metrics