Nike, Inc. (NKE) is set to report its fiscal first-quarter earnings Thursday after the markets close. Analysts expect the American multinational to report earnings per share of $1.19 and revenue of $8.21 billion. That would be $0.21 higher the $0.98 per share posted last quarter and $0.1 higher the $1.09 posted in the Q115. Revenue is projected to be $230 million higher than the $7.98 billion posted in the same period a year earlier. Meanwhile, EarningsWhisper.com reports a whisper number of $1.22 per share.
As a quick reminder, NKE reported Q415 EPS of $0.98, $0.15 better than the Street’s consensus estimate of $0.83. Revs increased 5.41% year-over-year to $7.8 billion versus the $7.69 billion consensus.
NKE shares recently lost $0.83 to $114.60. The stock is up 45.67% year-over-year and has gained roughly 21.04% year-to-date. In the past 52 weeks, shares of Beaverton, Oregon-based developer of athletic footwear, apparel, equipment, and accessories for men, women, and kids worldwide have traded between a low of $79.27 and a high of $117.72.
Nike’s stock closed Wednesday at $115.43. The name has a current market cap of $98.74 billion.
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