What Analysts Think of Nike Stock Ahead of Earnings | Global News Avenue

Nike (slip) Plans to hold earnings for the third quarter of fiscal 2025 after Thursday’s end, analysts are more bearish than bearish than bearish.

Half of the 18 analysts tracked by Nike stocks are “purchase,” With seven “hold” and two “sell” ratings. Their average price target is close to $82 will represent High-quality About 14% from the end of Friday.

Nike expects revenue for the quarter to be $11.02 billion, down from $12.43 billion at the same time A year ago. Earnings per share (EPS) It is expected to drop to 28 cents year-on-year.

Second report by the new CEO in turnover

Thursday’s report will mark Nike’s second time New CEO Elliott HillWho took over The most important job October. In the second quarterNike has the highest results estimateHill has proposed a vision to increase sales. Many analysts are quick Lower its price targetHowever, warns that Nike’s turnover may take longer than expected.

Morgan Stanley analysts recently said they saw room for “slightly surpassing performance” in their EPS and forecasts for the third quarter of the fourth quarter. However, given the company’s strategic transformation, they still “will rather stay off the market” stock.

Nike has increased its marketing and product work for women in recent months. company Announce cooperation Kim Kardashian’s new product browsed a range of new products and aired Super Bowl ads highlighting outstanding female athletes.

Nike’s stock has lost 30% of its value over the past 12 months, closing in at less than $72 a week.