Nike Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Core Insights - Nike, Inc is set to release its second-quarter earnings results on December 18, with analysts expecting earnings of 38 cents per share, a decrease from 78 cents per share in the same period last year [1] - The consensus revenue estimate for Nike is $12.22 billion, slightly down from $12.35 billion a year earlier [1] - Nike's shares fell by 2.1% to close at $65.69 on the previous Wednesday [2] Analyst Ratings - BTIG analyst Robert Drbul maintains a Buy rating with a price target of $100, reflecting a 66% accuracy rate [3] - Telsey Advisory Group analyst Cristina Fernandez holds a Market Perform rating with a price target of $75, with a 61% accuracy rate [3] - Guggenheim analyst Simeon Siegel initiated coverage with a Buy rating and a price target of $77, achieving a 70% accuracy rate [3] - Citigroup analyst Paul Lejuez has a Neutral rating and reduced the price target from $74 to $70, with a 66% accuracy rate [3] - Wells Fargo analyst Ike Boruchow upgraded the stock from Equal-Weight to Overweight, raising the price target from $60 to $75, with a 72% accuracy rate [3] Company Developments - On December 2, Nike appointed Venkatesh Alagirisamy as COO, indicating a potential shift in operational strategy [1]