Ahead of Nike (NKE) Q1 Earnings: Get Ready With Wall Street Estimates for Key Metrics

Core Viewpoint - Analysts forecast a significant decline in Nike's quarterly earnings and revenues, indicating potential challenges for the company in the upcoming earnings release [1][6]. Earnings Estimates - Nike is expected to report earnings of $0.28 per share, reflecting a year-over-year decline of 60% [1]. - Revenue is anticipated to be $11 billion, down 5% compared to the same quarter last year [1]. - There have been no revisions in the consensus EPS estimate over the last 30 days, suggesting stability in analysts' expectations [1][2]. Revenue Projections - Revenue from Converse is projected to be $452.14 million, indicating a year-over-year decrease of 9.8% [3]. - Global Brand Divisions revenue is expected to reach $13.40 million, down 4.3% year-over-year [4]. - Footwear revenue is forecasted at $7.03 billion, reflecting a decline of 5.8% [4]. - Apparel revenue is estimated to be $2.95 billion, showing a decrease of 2.7% [4]. Geographic Revenue Insights - North America revenue is expected to be $4.62 billion, down 4.2% year-over-year [5]. - Asia Pacific & Latin America revenue is projected at $1.42 billion, indicating a decline of 3.1% [5]. - Europe, Middle East, and Africa revenue is forecasted to reach $3.09 billion, down 1.6% [5]. - Greater China revenue is anticipated to be $1.43 billion, reflecting a significant decline of 14.3% [6]. - Total Nike Brand revenue is expected to be $10.58 billion, down 4.7% from the prior year [6]. Performance Comparison - Nike shares have returned -8.8% over the past month, contrasting with the Zacks S&P 500 composite's +2.7% change [7]. - The company holds a Zacks Rank 3 (Hold), suggesting it is expected to perform in line with the overall market in the near future [7].