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Beaverton, Oregon-based NIKE, Inc. (NKE) is renowned for its innovative designs in shoes and sports equipment. The company develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services. With a market cap of $135 billion, NIKE’s operations span over 190 countries across the Americas, Europe, Indo-Pacific, Africa, and internationally. It is expected to release its Q1 earnings after the market closes on Tuesday, Oct. 1.
Ahead of the event, analysts expect NIKE to report a profit of $0.51 per share, down 45.7% from $0.94 per share reported in the year-ago quarter. However, the company has consistently surpassed the consensus estimates in each of the past four quarters. Its EPS for the last reported quarter grew by a staggering 53% year-over-year to $1.01, exceeding the EPS projections by 18.8%.