Stock analysts from Wall Street have predicted that the stocks of NKE will be announcing a sales sum of $11.09 billion over the current quarter. According to a report, eight of the investment analysts have already provided estimates into the earnings of the company. The highest range has been $11.20 billion, with the lowest sum coming in at $10.92 billion. The sales reported by the company over the year were $6.31 billion, which is an annual increase of about 75.8%.
The Quarterly Reports Of NKE
NKE did publish their quarterly results on the 17th of March. The EPS reported by the company during this period was $0.90, with the consensus estimate coming in at $0.75. The return on equity for the company during this period was 34.89% with a net margin of 7.39%. The revenue of the company during this period was $10.40 billion, which was less than the consensus estimate of $10.98 billion.
There have been quite a few research equities that have commented on the stocks of NKE. Pivotal Research has already increased the price target of the company to $167 with a rating of buy in a 16th 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. The Royal Bank of Canada has also put up a rating of “outperform” with a price target of $165 in a 23rd April research report.
One of the investment analysts has already given the company a rating of sell, while three others have issued the company with a rating of hold. Close to thirty-one of them have given the company a rating of buy. Currently, NKE has a buy rating with a $161.31 price target.
