Nike Q1 Earnings Preview

Nike NKE announces its next round of earnings this Tuesday, September 24. Here is Benzinga's everything-that-matters guide for the Q1 earnings announcement.

Earnings and Revenue

Nike EPS is expected to be around 70 cents, according to sell-side analysts. Sales will likely be near $10.42 billion.

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Nike earnings in the same period a year ago was 67 cents. Quarterly sales came in at $9.95 billion. If the company were to match the consensus estimate, earnings would be up 4.48%. Revenue would be have grown 4.74% from the same quarter last year. Here's how the company's reported EPS has compared to analyst estimates in the past:

Stock Performance

Over the last 52-week period, shares are up 1.53%. Given that these returns are generally positive, long-term shareholders can be satisfied going into this earnings release. Over the past 90 days, analysts have generally adjusted their estimates higher for EPS and revenues. The most common rating by analysts on Nike stock is a Neutral. The strength of this rating has maintained conviction over the past three months.

Conference Call

Nike is scheduled to hold a conference call at 5:00 p.m. ET and it can be accessed here: https://investors.nike.com/investors/news-events-and-reports/default.aspx