Nike Likely To Report Lower Q4 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Core Viewpoint - Nike, Inc. is expected to report a significant decline in quarterly earnings and revenue for the fourth quarter compared to the previous year [1] Financial Performance - Analysts predict Nike will report earnings of 13 cents per share, down from 99 cents per share in the same quarter last year [1] - Projected quarterly revenue is $10.72 billion, a decrease from $12.61 billion a year earlier [1] Analyst Ratings and Price Targets - Nike has beaten revenue estimates in two consecutive quarters and in six of the last ten quarters overall [2] - Evercore ISI Group analyst Michael Binetti maintains an Outperform rating but has reduced the price target from $97 to $75 [4] - Deutsche Bank analyst Krisztina Katai maintains a Buy rating with a reduced price target from $77 to $71 [4] - Barclays analyst Adrienne Yih holds an Equal-Weight rating and has cut the price target from $60 to $53 [4] - Morgan Stanley analyst Alex Straton also maintains an Equal-Weight rating, lowering the price target from $70 to $61 [4] - Wells Fargo analyst Ike Boruchow maintains an Equal-Weight rating and has raised the price target from $55 to $60 [4]