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- Nike tops Wall Street estimates
- 1 Month -4.73%
- 3 Month -18.03%
- Year-to-date -33.70%
- 1 Year -27.47%
- Cowen & Co. $133
- Deutsche Bank $152
- Credit Suisse $130
- Citigroup $123
- Baird $150
- UBS $168
- Morgan Stanley $159
- HSBC $132
- Wells Fargo $150
News & AnalysisNike Inc. (NKE) reported its latest financial results for its fiscal 2022 fourth quarter after the closing bell in the US on Monday. World’s largest sporting goods company topped both revenue and earnings per share estimates.
The company reported revenue of $12.234 billion for the quarter vs. $12.061 billion expected.
Earnings per share reported at $0.90 per share vs. estimate of $0.80 per share.
”NIKE’s results this fiscal year are a testament to the unmatched strength of our brands and our deep connection with consumers,” John Donahoe, President and CEO of Nike said in a press release after the results.
”Our competitive advantages, including our pipeline of innovative product and expanding digital leadership, prove that our strategy is working as we create value through our relentless drive to serve the future of sport,” Donahoe added.
Nike Inc. (NKE) chart
Shares of Nike were down by around 2.13% at the end of trading day on Monday at $110.42 per share.
Here is how the stock has performed in the past year:
Nike price targets
Nike Inc. is the 61st largest company in the world with a market cap of $173.90 billion.
You can trade Nike Inc. (NKE) and many other stocks from the NYSE, NASDAQ, HKEX and the ASX with GO Markets as a Share CFD.
Sources: Nike Inc., TradingView, MarketWatch, Benzinga, CompaniesMarketCap
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Disclaimer: Articles are from GO Markets analysts and contributors and are based on their independent analysis or personal experiences. Views, opinions or trading styles expressed are their own, and should not be taken as either representative of or shared by GO Markets. Advice, if any, is of a ‘general’ nature and not based on your personal objectives, financial situation or needs. Consider how appropriate the advice, if any, is to your objectives, financial situation and needs, before acting on the advice. If the advice relates to acquiring a particular financial product, you should obtain and consider the Product Disclosure Statement (PDS) and Financial Services Guide (FSG) for that product before making any decisions.
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