ADDYY - Nike soars to new high as analysts rave on growth story

code6d/iStock Unreleased via Getty Images Nike (NKE) largely dazzled analysts with its strong earnings report that includes the best profit mark in company history. Evercore ISI (Outperform): "Nike is clearly enjoying a new margin structure in the digital era, PLUS, in our opinion, the excellent result delivered in 4Q put to bed key questions related to both Chinese and North American demand, and against a backdrop of very clean inventories." Bank of America (neutral): "We are raising our F22 EPS estimate by 14% to $4.24 (from $3.72) to reflect stronger revenue ($50.2bn) and GM expansion of 140bp (to 46.2%). We are also increasing our PO to $168 (from $150), still 35x our ‘23 EPS. While we are encouraged by the LT guidance, uncertainties around the China recovery keep the risk/reward balanced." BTIG (Buy): "Taken together, guidance implies ~$6.20 in earnings power in F25 (~$4.63 discounted back to PV), which could ultimately

For further details see:

Nike soars to new high as analysts rave on growth story