Zacks Research Issues Pessimistic Outlook for NIKE Earnings

NIKE, Inc. (NYSE:NKE) – Analysts at Zacks Research dropped their Q1 2027 earnings per share estimates for NIKE in a report released on Tuesday, July 21st. Zacks Research analyst Team now anticipates that the footwear maker will post earnings per share of $0.44 for the quarter, down from their prior estimate of $0.46. Zacks Research currently has a “Strong Sell” rating on the stock. The consensus estimate for NIKE’s current full-year earnings is $1.74 per share. Zacks Research also issued estimates for NIKE’s Q2 2027 earnings at $0.56 EPS, Q3 2027 earnings at $0.42 EPS, Q4 2027 earnings at $0.27 EPS, FY2027 earnings at $1.69 EPS, Q1 2028 earnings at $0.51 EPS, Q3 2028 earnings at $0.47 EPS, FY2028 earnings at $2.11 EPS and FY2029 earnings at $2.63 EPS.

NKE has been the topic of a number of other research reports. Wells Fargo & Company decreased their target price on shares of NIKE from $45.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 1st. Evercore set a $46.00 price target on NIKE and gave the company an “in-line” rating in a research note on Tuesday, June 23rd. BTIG Research reissued a “buy” rating and set a $55.00 price target on shares of NIKE in a research report on Wednesday, July 1st. Bank of America reduced their price target on NIKE from $55.00 to $47.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 1st. Finally, Truist Financial lowered their price objective on NIKE from $69.00 to $57.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nineteen have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $53.86.

NIKE Price Performance

Shares of NIKE stock opened at $40.99 on Wednesday. The company has a quick ratio of 1.36, a current ratio of 1.96 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $60.70 billion, a price-to-earnings ratio of 19.61, a price-to-earnings-growth ratio of 1.87 and a beta of 1.12. NIKE has a twelve month low of $40.00 and a twelve month high of $80.17. The company has a 50-day simple moving average of $43.68 and a two-hundred day simple moving average of $51.21.

NIKE (NYSE:NKE) last released its quarterly earnings results on Tuesday, June 30th. The footwear maker reported $0.20 EPS for the quarter, beating the consensus estimate of $0.11 by $0.09. NIKE had a net margin of 6.70% and a return on equity of 16.54%. The business had revenue of $10.97 billion for the quarter, compared to the consensus estimate of $10.85 billion. During the same period in the prior year, the company posted $0.14 earnings per share. NIKE’s revenue was down 1.1% compared to the same quarter last year.

Institutional Trading of NIKE

Several institutional investors and hedge funds have recently modified their holdings of the business. Scarborough Advisors LLC bought a new position in shares of NIKE in the first quarter worth about $25,000. Cornerstone Financial Management LLC bought a new stake in shares of NIKE during the 4th quarter valued at approximately $26,000. Sankala Group LLC acquired a new position in NIKE during the 4th quarter worth approximately $26,000. Meeder Asset Management Inc. increased its position in NIKE by 108.4% during the 1st quarter. Meeder Asset Management Inc. now owns 548 shares of the footwear maker’s stock worth $29,000 after purchasing an additional 285 shares in the last quarter. Finally, J.Safra Asset Management Corp bought a new position in NIKE in the 4th quarter valued at approximately $29,000. 64.25% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NIKE

In other NIKE news, EVP Philip Mccartney sold 17,398 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $46.18, for a total value of $803,439.64. Following the sale, the executive vice president owned 53,133 shares of the company’s stock, valued at approximately $2,453,681.94. This trade represents a 24.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 1.10% of the company’s stock.

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Monday, June 1st. NIKE’s dividend payout ratio (DPR) is currently 78.47%.

Trending Headlines about NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE said it made “significant progress” in fiscal 2026 and is pursuing a broad operational transformation to strengthen long-term growth and profitability, which could support a turnaround over time. Nike CEO outlines transformation strategy after operational reset in fiscal 2026 (NYSE:NKE)
• Positive Sentiment: Several analysts lifted longer-term earnings estimates, suggesting some confidence that Nike can eventually rebuild profitability after its reset. NIKE price and analyst updates
• Neutral Sentiment: Commentary around Nike trading at a low valuation versus prior peak earnings is helping the bull case, but it does not change the near-term operating challenges. Nike Stock for the Next 10 Years: Buy, Hold, or Avoid?
• Negative Sentiment: Nike’s China online distribution overhaul has drawn skepticism because it could pressure sales trends and risk additional market-share losses in a key region. After tackling discounts in China, Nike still needs to win back shoppers
• Negative Sentiment: Multiple Zacks Research notes cut near- and medium-term EPS estimates and kept a “Strong Sell” rating, reinforcing concerns that earnings recovery may take longer than expected. NIKE analyst estimate revisions

About NIKE

Nike, Inc (NYSE: NKE) is a global designer, marketer and distributor of athletic footwear, apparel, equipment and accessories. Founded in 1964 as Blue Ribbon Sports by Phil Knight and Bill Bowerman and renamed Nike in 1971, the company is headquartered near Beaverton, Oregon. Nike develops and commercializes products across performance and lifestyle categories for sports including running, basketball, soccer and training, and is known for signature technologies and design-driven product lines.

The company markets products under several primary brands, including Nike, Jordan and Converse, and sells through a combination of wholesale relationships, branded retail stores and direct-to-consumer channels such as company-operated stores and digital platforms (e.g., Nike.com and mobile apps).