Nike Inc reports results for the quarter ended May 31 - Earnings Summary

• Nike Inc NKE.N reported quarterly adjusted earnings of 14 cents​​ per share for the quarter ended May 31, lower than the same quarter last year, when the company reported EPS of $1.01. The mean expectation of twenty seven analysts for the quarter was for earnings of 13 cents per share. Wall Street expected results to range from -2 cents to 21 cents per share.

• Revenue fell 12% to $11.10 billion from a year ago; analysts expected $10.72 billion.

• Nike Inc's reported EPS for the quarter was 14 cents​.

• The company reported quarterly net income of $211 million.

• Nike Inc shares had fallen by 4.2% this quarter and lost 19.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 21.4% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy," 20 "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 $70.00, about 10.7% above its last closing price of $62.54

This summary was machine generated from LSEG data June 26 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)