Nike Earnings Preview (NKE)
Symbols: NKE
Tomorrow afternoon, after the closing bell, Nike (NYSE: NKE) will be reporting their quarterly earnings numbers. Analysts polled by Thomson Reuters are anticipating the Beaverton, Oregon based retailer will post EPS of $0.88 on revenue of $4.6 billion. In last year's corresponding quarter, Nike (NKE) had adjusted earnings per share of $0.99 on revenue of $4.4 billion.
Investors should listen to the conference call in order to determine if sales and consumer sentiment are picking up. Also, look for executives to shed some light on the potential for the World Cup to drive sales during and after the event. This could be a major catalyst for Nike.
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