Nike Gears Up For Q1 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

NIKE, Inc. NKE is expected to report financial results for the first quarter, after the closing bell on Sept. 28, 2023.

Analysts expect the company to post quarterly earnings at 70 cents per share, down from year-ago earnings of 93 cents per share. The company’s revenue might come in at $12.26 billion, compared to $12.69 billion in the year-ago period.

Nike shares fell 0.8% to close at $89.42 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Raymond James analyst Rick Patel maintained an Outperform rating and cut the price target from $128 to $121 on Sept. 26, 2023. This analyst has an accuracy rate of 85%.
• JP Morgan analyst Matthew Korn maintained an Overweight rating and cut the price target from $142 to $136 on Sept. 25, 2023. This analyst has an accuracy rate of 71%.
• Morgan Stanley analyst Alex Kurtz maintained an Overweight rating and cut the price target from $127 to $126 on Sept. 22, 2023. This analyst has an accuracy rate of 80%.
• Wells Fargo analyst Kate Fitzsimons maintained an Overweight rating and slashed the price target from $130 to $120 on Sept. 18, 2023. This analyst has an accuracy rate of 74%.
• Williams Trading analyst Sam Poser maintained a Sell rating and reduced the price target from $95 to $91 on Sept. 7, 2023. This analyst has an accuracy rate of 76%.

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