Nike Inc (NKE)

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Zacks Research Comments on NIKE, Inc.'s FY2023 Earnings (NKE)
By: MarketBeat | May 24, 2023

• NIKE, Inc. (NYSE:NKE) - Equities research analysts at Zacks Research lifted their FY2023 EPS estimates for NIKE in a research note issued to investors on Monday, May 22nd. Zacks Research analyst R. Lohia now forecasts that the footwear maker will post earnings of $3.17 per share for the year, up from their prior estimate of $3.16. The consensus estimate for NIKE's current full-year earnings is $3.24 per share. Zacks Research also issued estimates for NIKE's Q2 2024 earnings at $0.94 EPS, Q3 2024 earnings at $0.83 EPS, FY2024 earnings at $3.37 EPS, Q1 2025 earnings at $1.20 EPS and Q3 2025 earnings at $1.00 EPS.

Other equities analysts have also recently issued reports about the company. OTR Global upgraded NIKE from a "mixed" rating to a "positive" rating in a report on Friday, March 10th. Credit Suisse Group boosted their price target on shares of NIKE from $132.00 to $139.00 and gave the company an "outperform" rating in a research note on Wednesday, March 22nd. Stifel Nicolaus upped their price objective on shares of NIKE from $132.00 to $143.00 and gave the stock a "buy" rating in a report on Wednesday, March 22nd. Redburn Partners initiated coverage on NIKE in a research report on Thursday, March 16th. They issued a "sell" rating and a $100.00 target price on the stock. Finally, Daiwa Capital Markets upped their price target on NIKE from $116.00 to $123.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 28th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $134.33...

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