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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.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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