Company Of The Day: Nike
What?
Nike (NYSE:NKE) posted a stronger-than-expected set of Q3 results, with revenue rising 17% versus last year to $13.32 billion and EPS coming in at $0.85 per share.
Why?
- Down 19% In Last Twelve Months, Will Nike Stock Gain Following Q3 Results?
- Nike Stock Could Rise 70% If It Recovers To Pre-Inflation Shock Highs
- What To Expect From Nike’s Stock Post Q4 Results?
- What To Expect From Nike’s Stock Post Q3 Results?
- Nike’s Stock Down 13% Over Last Year. What’s Next?
- What To Expect From Nike’s Stock Post Q1?
The company made better-than-expected progress in liquidating its excess inventory, helping revenues and earnings.
So What?
Nike stock was up almost 12% in pre-market trading on Wednesday.
See Our Complete Analysis For Nike
Returns | Dec 2022 MTD [1] |
2022 YTD [1] |
2017-22 Total [2] |
NKE Return | 6% | -31% | 128% |
S&P 500 Return | -5% | -19% | 73% |
Trefis Multi-Strategy Portfolio | -5% | -21% | 216% |
[1] Month-to-date and year-to-date as of 12/22/2022
[2] Cumulative total returns since the end of 2016