Nike Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Core Viewpoint - Nike, Inc. is expected to report a significant decline in quarterly earnings and revenue compared to the previous year, with analysts projecting earnings of 27 cents per share and revenue of $11.00 billion [1]. Earnings Expectations - Analysts anticipate Nike's earnings per share to drop to 27 cents from 70 cents in the same quarter last year [1]. - The projected quarterly revenue is $11.00 billion, down from $11.59 billion a year earlier [1]. Historical Performance - Nike has consistently exceeded analyst estimates for earnings per share in eight consecutive quarters and in nine of the last ten quarters overall [2]. Stock Performance - Nike's shares increased by 0.4%, closing at $69.55 on Monday [3]. Analyst Ratings and Price Targets - Morgan Stanley maintained an Equal-Weight rating and raised the price target from $64 to $70 [8]. - UBS kept a Neutral rating and increased the price target from $63 to $71 [8]. - Barclays maintained an Equal-Weight rating with a price target increase from $64 to $65 [8]. - Citigroup held a Neutral rating and raised the price target from $68 to $74 [8]. - TD Cowen upgraded the stock from Hold to Buy and raised the price target from $62 to $85 [8].