Wall Street brokerages have already expected that the stocks of NKE would be announcing an EPS of $0.50 for the quarter. According to a report, nine of the investment analysts have already provided estimates into the earnings of the company, with the ball rolling at $0.42, with the highest coming in at $0.66. The company did post an EPS of $0.51 the previous year, which is indicative of an annual growth rate of 198%. NKE did put up their previous quarterly results on the 24th of June.
The Quarterly Estimates Of NKE
The stocks of NKE previously announced their quarterly data on the 17th of March. The maker of footwear previously announced their EPS of $0.90 which was more than the consensus estimate of $0.75. The revenue of the company for the quarter was $10.40 billion which was more than the consensus estimate of around $10.98 billion. The net margin of the company is 7.39%, with a 34.89% return on their equity.
There have been quite a few research equities that have commented on the stocks of NKE. Piper Sandler has already increased the price target of the company from $168 to $170. The company also put up a rating of overweight in a 22nd March research report. Williams Financial Group has also put up a rating of buy with a price target of $175, in a 22nd January research report.
Argus has also increased the price target of the company from $140 to $165 along with a rating of buy in a 22nd December research report. HSBC increased the price target of the company from $158 to $162 with a rating of buy in a 31st March research report.
One of the investment analysts working on the firm has a rating of sell, while two of them have given the stocks of NKE a rating of hold. Thirty-one of them have given the company a rating of buy. The company has a buy rating with a $159.89 price target.
