Nike's Next Earnings Report on Oct. 1 Could Send the Stock Plunging. Here's Why.
Nike's stock has gotten crushed this year.
Overview
It hasn't been an easy year for Nike (NYSE:NKE) shareholders, with the stock down nearly 43%. The turnaround plan has stalled amid difficult broader economic conditions in some of its larger markets.
However, Nike will have another chance to demonstrate its progress when it reports earnings results for its first quarter of fiscal year 2027 after the market closes on Oct. 1. Management will then host an earnings call with analysts to provider further details on the quarter.
Details
As of this writing, Wall Street consensus estimates call for Nike to report earnings of $0.44 per share on total revenue of $11.33 billion.
Source
Originally published at www.fool.com.
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