Nike Earnings Preview: Fiscal '25 Guidance Is All That Matters
==========
Nike is set to report its fiscal Q4 '24 earnings on June 27th. Sell-side consensus expects $0.84 in earnings per share, $1.54 billion in operating income, and $12.85 billion in revenue. Nike has struggled since the COVID-19 pandemic, with revenue growth at +5%, operating income growth at -8%, and EPS growth at -1% since November 2021. The company's fiscal '25 guidance will be critical, as analysts expect just 1% revenue growth for both fiscal '24 and '25. Nike's stock has been basing in the high $80s, low $90s since April. The stock will clear congestion if it can trade up and through $100, with room to run until the 50-month moving average at $120-121 per share. However, concerns about the brand's obsolescence persist, and Nike's reporting of earnings without the cash flow statement is seen as outdated.
#Nike #Earnings #FiscalGuidance #StockPerformance
https://seekingalpha.com/article/4700458-nike-earnings-preview-fiscal-25-guidance-all-that-matters
Seeking Alpha /
npub1qpf…damf
2024-06-22 02:13:51
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npub1qpfrthtcf6g8grmwfv45qf28aa4xqk73pgnmwjdfuze8zl2l2cnsewdamfPublished at
2024-06-22 02:13:51Event JSON
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"content": "Nike Earnings Preview: Fiscal '25 Guidance Is All That Matters\n==========\n\nNike is set to report its fiscal Q4 '24 earnings on June 27th. Sell-side consensus expects $0.84 in earnings per share, $1.54 billion in operating income, and $12.85 billion in revenue. Nike has struggled since the COVID-19 pandemic, with revenue growth at +5%, operating income growth at -8%, and EPS growth at -1% since November 2021. The company's fiscal '25 guidance will be critical, as analysts expect just 1% revenue growth for both fiscal '24 and '25. Nike's stock has been basing in the high $80s, low $90s since April. The stock will clear congestion if it can trade up and through $100, with room to run until the 50-month moving average at $120-121 per share. However, concerns about the brand's obsolescence persist, and Nike's reporting of earnings without the cash flow statement is seen as outdated.\n\n#Nike #Earnings #FiscalGuidance #StockPerformance\n\nhttps://seekingalpha.com/article/4700458-nike-earnings-preview-fiscal-25-guidance-all-that-matters",
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