CA - Nike Earnings Preview: Fiscal '25 Guidance Is All That Matters

2024-06-21 19:20:00 ET

Summary

• The stock has been basing in the high $80s, low $90s since the third week of April.
• Sell-side consensus is expecting $0.84 in earnings per share, and $1.54 billion in operating income on $12.85 billion in revenue.
• The income statement from Nike shows that SG&A expenses have risen modestly since late 2019, while operating income has slowly eroded since late 2019.

Nike ( NKE ), the athletic apparel and footwear giant whose stock has fallen about 50% from its late November 2021 highs of $179, reports their fiscal Q4 ’24 earnings next Thursday night, June 27th, after the market close....

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