These Analysts Cut Their Forecasts On Nike Following Q1 Results
Key takeaways
- Nike’s Q1 results and fiscal 2027 guidance fell short of expectations, prompting analysts to trim price targets and sending the stock lower in early trading.
- Revenue: $11.21 billion
- Consensus revenue: $11.33 billion
- EPS: $0.48
What happened
Nike Inc. (NYSE: NKE) reported first‑quarter revenue of $11.21 billion, below the $11.33 billion consensus, while adjusted earnings per share rose to $0.48 versus the $0.44 estimate. The company forecast fiscal 2027 revenue to decline in the high‑single digits and adjusted earnings of $1.15–$1.35 per share, down from the $1.69 consensus, after excluding $0.15 billion of restructuring costs tied to its Pace initiative. Following the earnings release, several analysts cut their price targets,…
Why it matters
The revenue miss and lower earnings guidance signal weaker top‑line growth and tighter margins for Nike, potentially dampening investor confidence. The cut price targets reflect a reassessment of the company’s near‑term outlook, which could influence short‑term trading activity and long‑term valuation expectations.
Short-term and longer-term
Short-term. In the next 24–48 hours, watch for short‑term volatility as the market digests the weaker revenue and earnings guidance.
Longer-term. Over the coming months, the revised fiscal 2027 outlook and the Pace restructuring costs will shape Nike’s long‑term valuation.