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Dipanjan Banchur

NIKE (NKE) Earnings Preview: Athletic Stock Buy or Sell?

NKE NIke Dipanjan BanchurSince

NIKE, Inc. (NKE) is scheduled to report its second-quarter (ended November 30, 2023) results on December 21, 2023. In this piece, I have discussed why it could be prudent to wait for a better entry point in the stock.

NKE’s EPS for the second quarter is expected to remain flat year-over-year to $0.85. Its revenue for the same quarter is expected to increase 0.8% year-over-year to $13.43 billion. In the last quarter, the company beat the consensus EPS estimate by 24.1%, but its revenue came short of the analyst estimates by 0.5%.

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