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Nike Inc. $NKE announces its earnings tomorrow after the close
Expectations:
- Earnings per share = $0.30 ( compared to $0.54 in the same quarter last year )
- Revenue = $11.23 billion ( compared to $11.27 billion last year )
UBS analyst ( March 19 ) reclassified the stock to Neutral and lowered the price target to $58 ( from $62 ), expecting third-quarter results to meet expectations, but guidance for the next quarter will be at earnings per share between 3-18 cents ( below the consensus of 23 cents )
Barclays analyst ( March 11 ) upgraded the rating to Overweight and raised the price target to $73 ( from $64 ), considering that the company has reached its bottom and operational and managerial improvements will restore confidence
$NKE
#GateGoldenTouch #OilPricesRise #MarketsRepriceFedRateHikes