Market Overview

Canaccord's Nike Q4 2014 Earnings Preview

Share:
Related NKE
Expert: Look For Adidas And Puma To Continue Run In 2017
Benzinga's Top Upgrades, Downgrades For January 19, 2017
Private Capital Advisors, Inc. Buys MPLX LP, Visa Inc, Applied Materials Inc, Sells Plains All ... (GuruFocus)

Nike (NYSE: 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.

Posted-In: Camilo Lyon CanaccordAnalyst Color Previews Trading Ideas

 

Related Articles (NKE)

View Comments and Join the Discussion!