Nike Inc reports results for the quarter ended February 28 - Earnings Summary

• Nike Inc NKE.N reported quarterly adjusted earnings of 54 cents​​ per share for the quarter ended February 28, lower than the same quarter last year, when the company reported EPS of 77 cents. The mean expectation of twenty five analysts for the quarter was for earnings of 29 cents per share. Wall Street expected results to range from 20 cents to 38 cents per share.

• Revenue fell 9.3% to $11.27 billion from a year ago; analysts expected $11.01 billion.

• Nike Inc's reported EPS for the quarter was 54 cents​.

• The company reported quarterly net income of $794 million.

• Nike Inc shares had fallen by 3.5% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 40.3% in the last three months.​

• In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy," 18 "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 $90.00

This summary was machine generated from LSEG data March 20 at 09:00 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 RefinitivNewsSupport@thomsonreuters.com)