Brokers Issue Forecasts for NIKE’s Q2 Earnings (NYSE:NKE)

NIKE, Inc. (NYSE:NKE) – Zacks Research lowered their Q2 2027 earnings per share (EPS) estimates for NIKE in a research report issued on Friday, October 16th. Zacks Research analyst Team now expects that the footwear maker will earn $0.34 per share for the quarter, down from their previous forecast of $0.56. Zacks Research currently has a “Strong Sell” rating on the stock. The consensus estimate for NIKE’s current full-year earnings is $1.26 per share. Zacks Research also issued estimates for NIKE’s Q3 2027 earnings at $0.25 EPS, Q4 2027 earnings at $0.18 EPS, FY2027 earnings at $1.26 EPS, Q2 2028 earnings at $0.42 EPS, Q3 2028 earnings at $0.32 EPS, Q4 2028 earnings at $0.44 EPS, FY2028 earnings at $1.68 EPS and FY2029 earnings at $2.00 EPS.

Several other research analysts have also recently commented on NKE. Jefferies Financial Group set a $60.00 target price on shares of NIKE in a report on Friday, October 2nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $33.00 price target on shares of NIKE in a report on Friday, October 9th. Berenberg Bank set a $27.50 price target on shares of NIKE and gave the company a “sell” rating in a research report on Tuesday, October 6th. Morgan Stanley set a $27.00 price objective on shares of NIKE and gave the stock an “underweight” rating in a research note on Friday, October 2nd. Finally, Barclays set a $37.00 price objective on shares of NIKE and gave the stock an “overweight” rating in a research report on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twenty-one have assigned a Hold rating and ten have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $41.07.

NIKE Price Performance

NKE stock opened at $37.22 on Tuesday. The company has a current ratio of 2.07, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39. NIKE has a one year low of $31.97 and a one year high of $70.44. The firm has a market capitalization of $55.29 billion, a PE ratio of 17.90, a P/E/G ratio of 4.19 and a beta of 1.09. The firm has a 50-day moving average of $37.38 and a two-hundred day moving average of $41.45.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Thursday, October 1st. The footwear maker reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. The firm had revenue of $11.21 billion for the quarter, compared to analysts’ expectations of $11.32 billion. NIKE had a return on equity of 15.94% and a net margin of 6.74%. NIKE’s revenue was down 4.3% on a year-over-year basis. During the same quarter last year, the business posted $0.49 EPS. NIKE has set its FY 2027 guidance at 1.150-1.350 EPS.

NIKE Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st were given a dividend of $0.41 per share. The ex-dividend date was Tuesday, September 1st. This represents a $1.64 dividend on an annualized basis and a yield of 4.4%. NIKE’s dividend payout ratio (DPR) is presently 78.85%.

Insiders Place Their Bets

In other NIKE news, COO Venkatesh Alagirisamy sold 3,671 shares of NIKE stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $37.59, for a total transaction of $137,992.89. Following the transaction, the chief operating officer owned 104,862 shares of the company’s stock, valued at $3,941,762.58. The trade was a 3.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Matthew Friend sold 2,463 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $41.60, for a total value of $102,460.80. Following the completion of the transaction, the chief financial officer owned 82,165 shares in the company, valued at $3,418,064. This represents a 2.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 14,974 shares of company stock valued at $600,126. 1.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Flossbach Von Storch SE acquired a new stake in shares of NIKE during the 2nd quarter valued at $488,714,000. State Street Corp increased its stake in shares of NIKE by 6.8% in the second quarter. State Street Corp now owns 63,598,789 shares of the footwear maker’s stock worth $2,636,104,000 after acquiring an additional 4,052,428 shares during the last quarter. Confluence Investment Management LLC increased its stake in shares of NIKE by 873.8% in the third quarter. Confluence Investment Management LLC now owns 2,720,616 shares of the footwear maker’s stock worth $96,310,000 after acquiring an additional 2,441,233 shares during the last quarter. Equity Investment Corp acquired a new position in shares of NIKE in the second quarter worth $99,531,000. Finally, Amundi raised its holdings in shares of NIKE by 59.4% during the second quarter. Amundi now owns 6,460,398 shares of the footwear maker’s stock worth $265,199,000 after acquiring an additional 2,406,609 shares in the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: One market view argues that NIKE shares are undervalued and that the company can recover from recent product-development challenges, supporting a potential long-term rebound. NKE stock wrapped its best week in 3 months
• Positive Sentiment: NIKE’s roughly 4.4% dividend yield may attract income-focused investors, particularly because the shares trade well below their prior peak. However, the yield also reflects the stock’s significant decline and business uncertainty. Coca-Cola Yields 2.3% and Nike Yields 4.4%
• Neutral Sentiment: NIKE shares are trading near 52-week lows, with the current price below both the 50-day and 200-day moving averages. This reflects weak sentiment but could provide valuation support if operating results stabilize. Nike Stock: Buy, Hold, or Sell?
• Negative Sentiment: Zacks Research repeatedly lowered its earnings forecasts and reiterated a “Strong Sell” rating. Forecast EPS was cut for FY2027 from $1.69 to $1.26, FY2028 from $2.11 to $1.68, and FY2029 from $2.56 to $2.00. Quarterly estimates were also reduced, including Q2 2027 to $0.34 from $0.56 and Q3 2027 to $0.25 from $0.42. These revisions signal expectations for a slower earnings recovery and are the primary negative catalyst for NKE. Zacks Research Issues Negative Forecast for NIKE Earnings
• Negative Sentiment: Management has indicated that sales are unlikely to increase meaningfully in the near term, reinforcing concerns about weak demand, limited product momentum, and pressure on future profits. Nike Stock: Buy, Hold, or Sell?

NIKE Company Profile

NIKE, Inc is a global athletic footwear, apparel, equipment and accessories company headquartered near Beaverton, Oregon. The company designs, develops, markets and sells products under the Nike, Jordan and Converse brands, serving athletes and consumers across a broad range of sports and lifestyle categories.

NIKE’s product portfolio includes athletic and casual footwear, performance and lifestyle apparel, sports equipment, accessories and digital fitness-related offerings. The company distributes its products through company-owned retail stores, digital platforms and wholesale partners, while also operating direct-to-consumer and membership programs.

The company traces its origins to 1964, when Phil Knight and Bill Bowerman founded Blue Ribbon Sports.