Nike

NIKE, INC (NYSE:NKE) Q3 2023 revenue, earnings results beats Analysts forecast

/ / Consumer Discretionary /

Mar. 21, 2023 — NIKE, Inc. (NYSE:NKE) today reported fiscal 2023 financial results for its third quarter ended February 28, 2023. Analyst Forecast NIKE, Inc. (NYSE:NKE)  reported fiscal Q3 earnings  of $0.79 per diluted share, down from $0.87 a year earlier. Analysts polled by Capital IQ forecast $0.54. Revenue for the quarter ended Feb. 28 was $12.39 billion, up from $10.87 billion a year earlier. Analysts polled by Capital IQ projected $11.48 billion. Financian Third quarter reported revenues were $12.4 billion, up 14 percent compared to the prior year. NIKE Direct sales were $5.3 billion, up 17 percent on a reported basis NIKE Brand Digital sales increased 20 percent on a reported basis, Gross margin decreased 330 basis points to 43.3 percent, primarily due to higher markdowns to liquidate inventory; Net income was $1.2 billion, down 11 percent compared to prior year, and Diluted earnings per share was $0.79, decreasing 9 percent. Inventories for NIKE, Inc. were $8.9

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The Goldman Sachs Group Analysts Give NIKE (NYSE:NKE) a $133.00 Price Target

/ / Consumer Discretionary / ,

NIKE (NYSE:NKE – Get Rating) has been given a $133.00 target price by analysts at The Goldman Sachs Group in a research report issued to clients and investors on Monday, Borsen Zeitung reports. The Goldman Sachs Group’s price target would indicate a potential upside of 13.67% from the stock’s previous close.

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JPMorgan: Nike (NKE. N) Price target raised to $128 rating “Overweight”

/ / Technology /

2022.12.22 JPMorgan Chase published a research report that Nike (NKE. N) Earnings per share for the third quarter were higher than expected and EBIT margin was 11.9. Management raised its fiscal 2023 outlook to a median earnings per share forecast of approximately $3.10. The bank believes that the Group is a leader in the global sports market, diversifying in product categories, geographies and distribution, and believes that its brand momentum in all regions is sustainable, insulating macro market volatility and supporting sustainable revenue growth, which, together with continued gross margin expansion, is expected to drive sustainable mid- to high-double-digit earnings per share. The bank raised its price target from $127 to $128, giving it an “overweight” rating. Nike stock trading strategy: 2022.12.22 From the technical graphics point of view, affected by the financial report greatly exceeded expectations, the stock price temporarily ended the downtrend, the short-term space has been full,

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