Nike (NKE) Stock: What Wall Street Expects From Earnings Tuesday

TLDR

• Nike reports Q1 fiscal 2027 earnings Tuesday after market close, with revenue expected to fall 2.2% year over year.
• KeyCorp projects Q1 2027 EPS of $0.46, with full-year consensus at $1.49 per share.
• NKE stock opened at $40.76 Monday, near its 52-week low of $40.00, down 10.9% over the past month.
• Wall Street’s average price target is $59.01, with 14 Buy ratings, 19 Holds, and 3 Sells.
• CEO Elliott Hill purchased over $1 million worth of NKE stock in April, a 9.79% increase in his personal ownership.

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Nike (NKE) stock is heading into Tuesday’s earnings report trading near its 52-week low of $40.00, having opened Monday at $40.76. The stock is down 10.9% over the past month, underperforming the consumer discretionary sector, which is up 4.2% in the same period.

NIKE, Inc., NKE

The company reports after market close Tuesday. Analysts expect revenue to decline 2.2% year over year, which would be a meaningful improvement from the 12% drop recorded in the same quarter a year ago.

Last quarter, Nike delivered better-than-expected results. The company posted EPS of $0.35, beating the $0.29 consensus by six cents. Revenue came in at $11.28 billion, just ahead of the $11.23 billion estimate. Revenue was roughly flat year over year, up just 0.1%.

KeyCorp analyst A. Owens issued fresh estimates for Nike ahead of the print. The firm projects Q1 2027 EPS of $0.46, followed by $0.59 in Q2, $0.44 in Q3, and $0.26 in Q4. Full-year consensus sits at $1.49 per share.

Analysts Cut Targets but Hold Buy Ratings

Wall Street sentiment is cautious. Several analysts trimmed their price targets in early April. Truist Financial cut its target from $69 to $57 while keeping a Buy rating. Robert W. Baird dropped its target from $85 to $70 with an Outperform call. Jefferies cut its target from $110 to $90, also maintaining a Buy.

CICC Research was more aggressive, downgrading Nike from Outperform to Market Perform and cutting its target from $69 to $58. Weiss Ratings went further, moving the stock deeper into Sell territory in June.

Across 36 analysts, the current breakdown is 14 Buy, 19 Hold, and 3 Sell ratings, giving Nike an average rating of Hold and an average target price of $59.01. That’s well above the current trading price of around $40.91.

Nike has missed Wall Street’s revenue estimates multiple times over the past two years, which may explain why analyst estimates have been broadly reconfirmed over the last 30 days rather than revised higher ahead of this report.

Insider Buying Draws Attention

One detail standing out ahead of earnings: CEO Elliott Hill bought 23,660 shares in April at an average price of $42.27, totaling just over $1 million. That brought his direct ownership up 9.79% to 265,247 shares.

Director John W. Rogers Jr. also added 4,000 shares in April at $43.34. In total, insiders purchased 64,441 shares worth roughly $2.73 million over the past three months.

Institutional investors hold 64.25% of the company’s stock. Several funds made small incremental additions in Q4.

Nike is also paying a $0.41 quarterly dividend, due July 1, representing a 4.0% annualized yield. The dividend payout ratio currently stands at 108.61%, meaning Nike is paying out more than it earns — a metric investors will be watching closely.

NKE’s 50-day moving average is $44.19 and its 200-day moving average is $53.89, both well above the current price.