Nike (NYSE: NKE ) is expected to report Q1 earnings on Sep. 27. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Nike's revenues will expand 5.4% and EPS will shrink -17.6%.
The average estimate for revenue is $6.41 billion. On the bottom line, the average EPS estimate is $1.12.
Last quarter, Nike notched revenue of $6.47 billion. GAAP reported sales were 12% higher than the prior-year quarter's $5.77 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $1.17. GAAP EPS of $1.17 for Q4 were 4.9% lower than the prior-year quarter's $1.23 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 42.8%, 150 basis points worse than the prior-year quarter. Operating margin was 12.1%, 150 basis points worse than the prior-year quarter. Net margin was 8.5%, 180 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $25.33 billion. The average EPS estimate is $5.14.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 2,273 members out of 2,397 rating the stock outperform, and 124 members rating it underperform. Among 649 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 623 give Nike a green thumbs-up, and 26 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Nike is outperform, with an average price target of $120.85.
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