Nike Inc reports results for the quarter ended May 31 - Earnings Summary

• Nike Inc NYSE:NKE reported quarterly adjusted earnings of 20 cents​​ per share for the quarter ended May 31, higher than the same quarter last year, when the company reported EPS of 14 cents. The mean expectation of twenty six analysts for the quarter was for earnings of 13 cents per share. Wall Street expected results to range from 9 cents to 28 cents per share.

• Revenue fell 1.1% to $10.97 billion from a year ago; analysts expected $10.86 billion.

• Nike Inc's reported EPS for the quarter was 72 cents​.

• The company reported quarterly net income of $1.07 billion.

• Nike Inc shares had fallen by 21.5% this quarter and lost 34.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 21.2% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy," 24 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the footwear peer group is also "buy"

• Wall Street's median 12-month price target for Nike Inc is $52.65, about 22% above its last closing price of $41.05

This summary was machine generated from LSEG data June 30 at 09:01 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 )