Conflicting Indicators For Nike In 2023


  • Nike just reported earnings and revenue that exceeded the consensus expectations.
  • The outlook for EPS growth is muted and the valuation is quite high relative to current earnings.
  • The Wall Street consensus outlook continues to be a buy, but the consensus price target has been substantially reduced.
  • The market-implied outlook (calculated from options prices) is slightly bullish for 2023.
Nike"s Quarterly Earnings Surpasses Expectations

Joe Raedle

Nike (NYSE:NKE) just reported solid results for FY 2023 Q2, beating expectations on earnings and revenues. Revenue was up 17.3% YoY. While the shares have risen about 12% for the day, they’re down almost 26% over the past 12 months. It’s also notable that the forward

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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