NIKE, Inc. reports results for the quarter ended August 31 - Earnings Summary

• NIKE, Inc. NKE.N reported quarterly adjusted earnings of 48 cents​​ per share for the quarter ended August 31, lower than the same quarter last year, when the company reported EPS of 49 cents. The mean expectation of thirty analysts for the quarter was for earnings of 43 cents per share. Wall Street expected results to range from 37 cents to 50 cents per share.

• Revenue fell 4.3% to $11.21 billion from a year ago; analysts expected $11.32 billion.

• NIKE, Inc.'s reported EPS for the quarter was 48 cents​.

• The company reported quarterly net income of $712 million.

• NIKE, Inc. shares had held steady so far this quarter and lost 44.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.8% in the last three months.​

• In the last 30 days, eleven analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 13 "strong buy" or "buy," 25 "hold" and 6 "sell" or "strong sell." The average consensus recommendation for the footwear peer group is "buy."

• Wall Street's median 12-month price target for NIKE, Inc. is $44.00, about 20.1% above its last closing price of $35.15

This summary was machine generated from LSEG data October 1 at 09:04 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)