Nike (NYSE: NKE) reported earnings on Sep. 27. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Aug. 31 (Q1), Nike beat expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded and GAAP earnings per share dropped.

Margins dropped across the board.

Revenue details
Nike recorded revenue of $6.67 billion. The 15 analysts polled by S&P Capital IQ expected revenue of $6.43 billion on the same basis. GAAP reported sales were 9.7% higher than the prior-year quarter's $6.08 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $1.23. The 17 earnings estimates compiled by S&P Capital IQ forecast $1.12 per share. GAAP EPS of $1.23 for Q1 were 9.6% lower than the prior-year quarter's $1.36 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 43.5%, 80 basis points worse than the prior-year quarter. Operating margin was 11.2%, 310 basis points worse than the prior-year quarter. Net margin was 8.5%, 210 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $6.01 billion. On the bottom line, the average EPS estimate is $1.03.

Next year's average estimate for revenue is $25.34 billion. The average EPS estimate is $5.14.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 2,276 members out of 2,401 rating the stock outperform, and 125 members rating it underperform. Among 647 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 620 give Nike a green thumbs-up, and 27 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 $104.37.

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