Several brokerages at Wall Street have expected that the stocks of NKE would be reporting a sales sum of around $10.32 for the current quarter. In a report, nine analysts have already provided estimates of earnings into the stocks of the company. The ball has been rolled at $9.58 billion, with the highest-earning coming in at $11.47 billion.
The sales reported by the company over the quarter were $6.31 billion, which implies an annual growth rate of about 63.5%. The stocks of NKE would be reporting their next report of earnings on the 24th of June.
The Quarterly Estimates of NKE
The stocks of NKE previously announced their quarterly report on the 17th of March. The maker of footwear had an EPS of about $0.90 for the same quarter, which beat out on the consensus value of $0.75. The net margin of the company was set at 7.39%, while the company faced a 34.89% return on its equity. The revenue of the company was $10.40 billion, which was less than the consensus estimate of $10.98 billion.
There have been quite a few companies that have provided estimates into the shares of NKE. Credit Suisse Group has already increased the price target of the company from $162 to $176, with a rating of outperform in a Friday research report. Williams Financial Group has also given the company a rating of buy with a price target of $175.
Wells Fargo & Company have also gone ahead and set up a price target of $157 after it was previously $146 in a 21st December research report. In the end, Piper Sandler has also increased the price objective of the firm from a target of $168 to $170, with a rating of overweight in a 15th March research report.
One of the investment analysts covering the firm has already given it a rating of sell, while two of them have given it a rating of hold. Around thirty-one of them have provided the company with a rating of buy. NKE has a buy rating with a $160 price target.
