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INX:NKE, Dec 14, 11:03 UTC

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Factors Likely to Influence NIKE's (NKE) Earnings in Q2

NKE

Factors Likely to Influence NIKE's (NKE) Earnings in Q2. NIKE Inc. NKE is slated to release second-quarter fiscal 2019 results on Dec 20. Moreover, it maintained a spectacular earnings record for more than three years, delivering positive earnings surprises for 25 straight quarters. It continues to target mid-single-digit revenue growth in North America in the next five years.Driven by these positives and stronger-than-expected start to fiscal 2019, NIKE continues to expect revenue growth in a high-single digit in fiscal 2019. However, operating gains are likely to be offset by FX headwinds due to stronger dollar.For second-quarter fiscal 2019, the company expects currency-neutral revenue growth of 9%, in line with the fiscal first quarter. However, taking into account the FX scenario, it expects reported revenues of 2-3 points lower than the anticipated currency-neutral revenue growth in the fiscal second quarter.Clearly, the company’s outlook for the upcoming quarter, as well as the fiscal year, bears significant impacts from FX headwinds as the currency environment has turned unfavorable lately.

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Nike’s Good Run: Stock Up 17.6% This Year

NKE

Nike (NKE) is one of the biggest names in the athletic apparel and footwear manufacturing and distribution space. Over the past few years, Nike has increased its focus on its DTC (direct-to-consumer) business. Nike has beaten revenue estimates in four out of the last five quarters while witnessing year-over-year revenue growth in each.

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Wall Street’s Recommendations for Nike ahead of Its Earnings

NKE

Of the 37 analysts covering Nike (NKE) on December 11, 60.0% have “buy” ratings, and 35.0% have “hold” ratings on its stock. On December 3, Citigroup called Nike the “best idea for 2019.” Citigroup says that Nike’s growth story is intact on a worldwide basis, according to TheStreet. Citigroup added that NKE also warrants a premium multiple.

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Wednesday, December 12


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Nike (NKE) Outpaces Stock Market Gains: What You Should Know

NKE

Nike (NKE) Outpaces Stock Market Gains: What You Should Know. Nike (NKE) closed at $74.32 in the latest trading session, marking a +1.02% move from the prior day. Investors will be hoping for strength from NKE as it approaches its next earnings release, which is expected to be December 20, 2018. Our most recent consensus estimate is calling for quarterly revenue of $9.16 billion, up 7.1% from the year-ago period. For the full year, our Zacks Consensus Estimates are projecting earnings of $2.63 per share and revenue of $39.04 billion, which would represent changes of +8.68% and +7.26%, respectively, from the prior year.

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What Analysts Expect of Nike’s Q2 2019 EPS

NKE

Nike (NKE) is scheduled to announce its fiscal 2019 second-quarter earnings results on December 20. In the first quarter of fiscal 2019, Nike’s adjusted EPS were $0.67, 6.3% better than analysts’ estimate and up 17.5% YoY (year-over-year). Nike’s management expects its SG&A (selling, general, and administrative) expenses to rise in the low teens owing to investments in digital capabilities and marketing investments.

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What Wall Street Expects from Nike’s Q2 2019 Revenue

NKE

Wall Street analysts expect Nike (NKE) to report revenue of $9.17 billion in the second quarter of fiscal 2019, representing a 7.1% rise on a YoY (year-over-year) basis. Nike is scheduled to report its fiscal 2019 second-quarter earnings results on December 20.

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Nike to open high-tech store model near D.C.

NKE

Next up for the newly minted Merriweather District in downtown Columbia? Nike (NYSE: NKE) has signed a lease for 12,000 square feet in One Merriweather, a new office building in downtown Columbia, WBJ has learned. Elsewhere in the downtown Columbia project are cured and 18th & 21st, a restaurant and speakeasy, and a new music venue and bar/restaurant, The Soundry, from Clyde’s Restaurant Group. The new Nike store will follow in the footsteps of the brand’s new model stores that have opened in New York and Los Angeles with e-commerce tie-ins, interactive tech in house and connections to Nike’s mobile apps and digital offerings.

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Social Chatter

Nike, Inc. (INX:NKE) social chatter is higher than usual

NKE
When Nike debuted the ACG range, it didn’t just change the rules of the way outdoors performance gear was designed, it changed the very idea of who outdoors gear was “supposed” to be for - Nike ACG Angel's Rest available now - https://t.co/Bo2q2f35Qo #nike #bodega https://t.co/Twzzo2v4WN

Wednesday, December 05


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Why Nike (NKE) Could Beat Earnings Estimates Again

NKE

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Nike (NKE), which belongs to the Zacks Shoes and Retail Apparel industry. When looking at the last two reports, this athletic apparel maker has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 7.94%, on average, in the last two quarters. For the last reported quarter, Nike came out with earnings of $0.67 per share versus the Zacks Consensus Estimate of $0.62 per share, representing a surprise of 8.06%. For the previous quarter, the company was expected to post earnings of $0.64 per share and it actually produced earnings of $0.69 per share, delivering a surprise of 7.81%. Nike has an Earnings ESP of +0.34% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #3 (Hold), it shows that another beat is possibly around the corner.

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Tuesday, December 04


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NIKE, Inc. Names Heidi O’Neill To An Expanded Role As President of Nike Direct

NKE

NIKE, Inc. (NKE) today announced that Heidi O’Neill, President, Nike Direct, will expand her current role as leader of Nike physical retail stores and Nike.com, to now include all Nike digital products, services and member experiences, effective immediately. O’Neill, a 20-year Nike veteran, has held senior management roles across Nike including, most recently, President, Direct to Consumer. She’s held positions of increasing responsibility, including VP of U.S. Apparel; VP, GM of Global Nike Women’s Category; and VP, GM of Nike Stores globally. “In this expanded role, we’re confident in her ability to lead Nike Direct through the next transformative and digitally-led era for Nike.”.

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