Nike Gears Up For Q2 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

NIKE, Inc. NKE is projected to release financial results for its second quarter, after the closing bell on Dec. 21, 2023.

Analysts expect the company to post quarterly earnings at 84 cents per share, compared to year-ago earnings of 85 cents per share. The company’s revenue might come in at $13.43 billion for the latest quarter, according to Benzinga Pro.

Nike's board, last month, approved a quarterly cash dividend of 37 cents per share, representing a 9% increase compared to the company's prior quarterly dividend of 34 cents per share.

NIKE shares fell 1% to close at $121.43 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Raymond James analyst Rick Patel maintained an Outperform rating and increased the price target from $121 to $130 on Dec. 19, 2023. This analyst has an accuracy rate of 82%.
• Williams Trading analyst Sam Poser upgraded the stock from Sell to Hold and increased the price target from $91 to $92 on Sept. 29, 2023. This analyst has an accuracy rate of 73%.
• BMO Capital analyst Simeon Siegel maintained an Outperform rating and cut the price target from $120 to $110 on Sept. 29, 2023. This analyst has an accuracy rate of 75%.
• Morgan Stanley analyst Alex Kurtz reiterated an Overweight rating with a price target of $126 on Sept. 29, 2023. This analyst has an accuracy rate of 83%.
• Barclays analyst Adrienne Yih maintained an Overweight rating and cut the price target from $124 to $119 on Sept. 29, 2023. This analyst has an accuracy rate of 70%.

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