For the quarter ended August 2024, Nike (NKE) reported income of $11.59 billion, down 10.4% over the identical interval final 12 months. EPS got here in at $0.70, in comparison with $0.94 within the year-ago quarter.
The reported income compares to the Zacks Consensus Estimate of $11.65 billion, representing a shock of -0.53%. The corporate delivered an EPS shock of +34.62%, with the consensus EPS estimate being $0.52.
Whereas buyers scrutinize income and earnings modifications year-over-year and the way they evaluate with Wall Road expectations to find out their subsequent transfer, some key metrics all the time supply a extra correct image of an organization’s monetary well being.
Since these metrics play an important function in driving the top- and bottom-line numbers, evaluating them with the year-ago numbers and what analysts estimated about them helps buyers higher venture a inventory’s worth efficiency.
Right here is how Nike carried out within the simply reported quarter by way of the metrics most generally monitored and projected by Wall Road analysts:
- Geographic Income- North America: $4.83 billion in comparison with the $4.80 billion common estimate primarily based on eight analysts. The reported quantity represents a change of -11% 12 months over 12 months.
- Geographic Income- Asia Pacific & Latin America: $1.46 billion versus the eight-analyst common estimate of $1.43 billion. The reported quantity represents a year-over-year change of -7%.
- Geographic Income- Europe, Center East and Africa: $3.14 billion versus the eight-analyst common estimate of $3.31 billion. The reported quantity represents a year-over-year change of -12.9%.
- Geographic Income- Larger China: $1.67 billion versus $1.61 billion estimated by eight analysts on common. In comparison with the year-ago quarter, this quantity represents a -4% change.
- Geographic Income- Model-Nike: $11.11 billion versus the seven-analyst common estimate of $11.15 billion.
- Geographic Income- North America- Tools: $283 million in comparison with the $211.68 million common estimate primarily based on 5 analysts. The reported quantity represents a change of +34.1% 12 months over 12 months.
- Income- World Model Divisions: $14 million in comparison with the $11.54 million common estimate primarily based on seven analysts. The reported quantity represents a change of +7.7% 12 months over 12 months.
- Income- Converse: $501 million in comparison with the $505.14 million common estimate primarily based on seven analysts. The reported quantity represents a change of -14.8% 12 months over 12 months.
- Income- Company: -$23 million in comparison with the -$7.52 million common estimate primarily based on six analysts. The reported quantity represents a change of +1050% 12 months over 12 months.
- Income- Footwear: $7.46 billion versus $7.52 billion estimated by 4 analysts on common. In comparison with the year-ago quarter, this quantity represents a -11.4% change.
- Income- Tools: $603 million versus the four-analyst common estimate of $524.98 million. The reported quantity represents a year-over-year change of +13.6%.
- Income- Attire: $3.03 billion versus the four-analyst common estimate of $3.12 billion. The reported quantity represents a year-over-year change of -10.5%.
View all Key Company Metrics for Nike here>>>
Shares of Nike have returned +6.1% over the previous month versus the Zacks S&P 500 composite’s +2.2% change. The inventory presently has a Zacks Rank #3 (Maintain), indicating that it might carry out consistent with the broader market within the close to time period.
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