Nike Earnings Are Here. Wall Street Is Torn Over What to Expect.

Nike reports earnings after the market closes Thursday. Whether the company meets projections is a hotly debated topic up and down Wall Street.

Bearish investors are concerned that a slowdown in consumer spending across North America will weigh on the company’s results. Foot Locker and Dick’s Sporting Goods both cut their full-year outlooks following lackluster second-quarter results, citing cautious consumers. Back-to-school sneaker sales, which initially got off to a strong start, have since fallen flat.

The bulls, such as Guggenheim’s Robert Drbul, argue the stock price already reflects these concerns. Nike shares are off 24% this year, well below the S&P 500 ‘s 11% gain.favorable,” Drbul wrote, adding that the stock was primed for a rally. Nike is a Barron’s stock pick. Moreover, the Nike brand is still strong, she adds, with many wholesale partners, including Foot Locker, recently commenting that Nike shoes were selling well. Fernandez has an Outperform rating on the stock.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Dow futures tick higher, Micron falls 4% after earnings By Investing.comDow futures tick higher, Micron falls 4% after earnings
Sumber: Investingcom - 🏆 450. / 53 Baca lebih lajut »

Analysts loved Costco's earnings report—Here's where they say the stock is headed nextWall Street's takeaways from Costco's fourth-quarter earnings.
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »

Micron earnings on deck, with focus on China ban, AI boost to DRAM salesA rebound in DRAM pricing, linked to AI demand, could partly offset the impact of China’s retaliatory ban on Micron chip sales.
Sumber: startelegram - 🏆 248. / 63 Baca lebih lajut »

Costco stock lower following Q4 earnings, cautious consumer outlookCostco topped Street earnings forecasts, but a cautious consumer, and a lack of new price increases, is holding back gains for the bulk retailer heading into the opening bell.
Sumber: startelegram - 🏆 248. / 63 Baca lebih lajut »

Johnson Controls cybersecurity incident disrupts operations, could delay earningsJohnson Controls International PLC said late Wednesday a recent cybersecurity incident disrupted operations and could possibly interfere with earnings. In a...
Sumber: MarketWatch - 🏆 3. / 97 Baca lebih lajut »