BUZZ-PREVIEW: Nike shares barely moving; quarterly EPS, rev seen slipping

Reuters
2024-12-20
BUZZ-PREVIEW: Nike shares barely moving; quarterly EPS, rev seen slipping

** Shares in Nike NKE.N flat on Thursday ahead of fiscal Q2 earnings report due after market close

** Wall Street sees the sports apparel, shoe co reporting adj EPS of $0.63 vs $1.03 in year-ago quarter on rev of $12.13 bln vs $13.39 bln in Q2 2023, according to latest data from LSEG

** In last 8 quarters EPS beat consensus 7 times while revenue beat just four times

** Investors anxious to hear from new CEO Elliott Hill about plans to rescue flailing co after a year of layoffs, cratering sales with hopes for innovation, repairing retailer relationships as NKE has lost share to rivals like Deckers' DECK.N Hoka running shoes and On ONON.N

**YTD, NKE shares down 29% and on track for third straight annual decline. In 2024, the Dow .DJI has risen ~13%, while S&P 500 consumer discretionary index .SPLRCD has jumped ~32%

** NKE options imply 9.1% swing for its shares, in either direction by Friday, per Trade Alert data; stock has logged an avg move of 9.0% day after results over the last eight qtrs, falling day after results for four straight quarters

(Reporting By Sinéad Carew, Saqib Iqbal Ahmed)

((sinead.carew@thomsonreuters.com; +13322191897;))

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10