Earnings Preview: Nike

Nike (NKE) is expected to report Q4 earnings after the market close on Wednesday, June 24 with a conference call scheduled for 5:00 pm ET.

Guidance

Analysts are looking for a profit of 96c on revenue of $4.74B. The consensus range is 85c-$1.03 for EPS, and revenue of $4.58B-$4.98B, according to First Call. On May 15, the Associated Press reported that Nike would cut about 5% of its global workforce, or about 1,750 jobs. The company, which did not specify which departments the cuts would be in, said about 500 jobs will be cut at Nike's world headquarters in Oregon. Nike previously halted production at four Asian plants as a result of declining global consumer demand.

Analyst Views

Christoper Svezia, an analyst at Susquehanna, believes the estimated $200M in savings from the cuts will help the company's bottom line over the next three quarters. He said Nike is likely to take a "more conservative approach" in the near-term as it looks to improve earnings. He said the company is well-positioned to grow when an economic recovery begins. Shares are up nearly 36% in the quarter.

Comments

[joes:]

Nike does a great job of creating value through innovation and design, combined with high function.

Apple is very similar, and I own them both for that reason, along with some nice returns over the years.

Jun 24 03:29 PM

[opedhardy.com:]

Ed Hardy Home
<A href="www.opedhardy.com/ed-h...">Men's Ed Hardy Clothing</A>
<A href="www.opedhardy.com/ed-h...">Women's Ed Hardy Women Clothing</A>
Welcome to visit our Ed Hardy Online Store at Ed Hardy. Or visit our blog for more information about Ed Hardy.

Aug 28 12:26 PM

[phyllis2006:]

Hot UGG Boots
<A href="www.12ugg.com/mens-ugg...">UGG Men's Graduate 5774</A>
<A href="www.12ugg.com/womens-u...">Women's Elsey UGG Boot 5596</A>

Sep 19 04:48 AM