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

Nike (of) will report fiscal second-quarter earnings after the market close on Thursday, its first-quarter results Since the new CEOCompany veteran Elliott Hill took over in October.

Analysts are mostly bullish on Nike stock, with 10 analysts tracked by Visible Alpha Rate it a “Buy”, Nine analysts said it was a “hold” and one said a “sell.” average price target At nearly $89, analysts expect Nike to rise about 15% from Friday’s closing price, although still below levels near $109 at the beginning of the year.

Nike expects full-year revenue of $12.18 billion income Revenue in the second quarter of fiscal 2025 fell 9% from the same period a year ago, according to estimates compiled by Visible Alpha. The apparel maker is expected to release net income $977.7 million, down nearly 40% from $1.6 billion a year ago.

CEO Hill’s first quarter at the helm

Hill took over the top job in October. Nike is expected to provide new guidance for the fiscal year when it reports earnings on Thursday and set a new date for its annual investor day. The company paused its outlook and postponed an investor event scheduled for November when it reports first quarter As a result, Hill is weeks away from taking office.

Nike shares fall as sales drop, looks to cut costs past year. multiple analysts applaud Nike veteran Hill returns to the company, saying it will boost Nike’s turnaround.

Company owned Facing increasingly fierce competition smaller brands from domestic and other important markets such as China, and Talk about the last few quarters The company plans to change its product lineup to focus more on new products and ideas.

Nike shares fell just under 1% on Friday and are down nearly 30% so far this year.