Nike NKE is scheduled to report its fourth quarter sales and earnings Thursday at the market close.
In a report released Tuesday, Canaccord released its expectations on Nikes Q4 earnings, with conservative growth and mixed expectations.
Canaccord analyst Camilo Lyon predicts Nike's Q4 results will be unfavorable in a risk/reward sense. Lyon's predictions on Nike's downside risk/reward is given by Nike's 23.5x P/E multiple.
Canaccord estimates Nike's EPS to be $0.72, lower than consensus average of $0.75, and sales growth of 9.7 percent (inline with consensus). Lyon predicts heavy growth in Western Europe, estimating a 28 percent increase, while China projections a slight decrease.
Nike's previous guidance given on its Q4 EPS was a little below the mid-teens. Canaccord does not expect Nike to revise its 2015 guidance for the better in Thursday's earnings. Canaccord has previously released a price target for Nike at $71.00 per share.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
