, Earnings Preview: What To Expect From Nike On Thursday, The Nzuchi News Forbes

Earnings Preview: What To Expect From Nike On Thursday

, Earnings Preview: What To Expect From Nike On Thursday, The Nzuchi News Forbes

Nike Inc. is scheduled to report earnings after Thursday’s close. The stock hit a record high of $147.95/share in 2020 and is currently trading near $133/share. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, if the numbers disappoint, the stock can easily gap down. To help you prepare, here is what the Street is expecting:

, Earnings Preview: What To Expect From Nike On Thursday, The Nzuchi News Forbes

Gallery: Behind The Seams: Sneakers

14 images

View gallery

MORE FOR YOU

Gallery: Top Designer Sneakers

10 images

View gallery

Earnings Preview:

The company is expected to report a gain of $0.51/share on $11.09 billion in revenue. Meanwhile, the so-called Whisper number is a gain of $0.64/share. The Whisper number is the Street’s unofficial view on earnings.

A Closer Look At The Fundamentals:

The company has enjoyed nice double digit earnings growth in each of the past three quarters which is impressive. The company stands to benefit from the back to normal world we are entering and is well positioned for more growth.

A Closer Look At The Technicals:

Technically, the stock is acting well as it continues tracing out a very long multi-month base. A move above $148 will be very welcomed by the bulls and pave the way for a new leg higher. On the downside, watch out for support which resides near $125.

Pay Attention To How The Stock Reacts To The News:

From where I sit, the most important trait I look for during earnings season is how the market and a specific company reacts to the news. Remember, always keep your losses small and never argue with the tape.

More Stories
Gearbox Has Essentially Confirmed ‘Borderlands 4’