When Is the Earnings Report for Nkg?

Author Alan Stokes

Posted Jul 29, 2022

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When is the next earnings report for Nike?

Nike is an American multinational corporation that is engaged in the design, development, manufacturing, and worldwide marketing and sales of footwear, apparel, equipment, accessories, and services. The company is headquartered near Beaverton, Oregon, in the Portland metropolitan area. It is one of the world's largest suppliers of athletic shoes and apparel and a major manufacturer of sports equipment, with revenue in excess of US$24.1 billion in its fiscal year 2012 (ending May 31, 2012). As of 2012, it employed more than 44,000 people worldwide. In 2014 the brand alone was valued at $19 billion, making it the most valuable brand among sports businesses. The company was founded on January 25, 1964, as Blue Ribbon Sports, by Bill Bowerman and Phil Knight, and officially became Nike, Inc. on May 30, 1971. The company takes its name from Nike, the Greek goddess of victory. Nike markets its products under its own brand, as well as Nike Golf, Nike Pro, Nike+, Air Jordan, Nike Blazers, Nike Dunk, Nike Skateboarding, Cole Haan, Nike dunks SB, Hurley International and Converse. Nike also owned Bauer Hockey (later renamed Nike Bauer) between 1995 and 2008, and previously owned Cole Haan and Umbro. In addition to manufacturing sportswear and equipment, the company operates retail stores under the Niketown name. Nike sponsors many high-profile athletes and sports teams around the world, with the highly recognized trademarks of "Just Do It" and the Swoosh logo.

Nike is scheduled to release their next earnings report on March 21st, 2019.

What was Nike's stock price after their last earnings report?

Nike's stock price was down after their last earnings report. The company's earnings were below expectations and guidance for the future was weak. Nike's shares fell sharply in after-hours trading on the news.

What was the high and low for Nike's stock price last quarter?

Nike's stock price last quarter was $66.80 on January 1st and fell to a low of $63.05 on February 8th. It then rose to a high of $70.50 on March 1st before falling back to a low of $62.40 on March 24th. Finally, the stock rose again to a high of $67.80 on April 1st before closing the quarter at $66.40 on April 30th.

Nike's stock began the quarter strong, but then fell sharply in February after the company announced that it was expecting lower than expected earnings for the quarter. Nike recovered somewhat in March, but then fell sharply again in late March after the release of disappointing earnings results. The stock then rallied in early April before giving back some of its gains later in the month. Overall, it was a volatile quarter for Nike's stock price, with the stock falling sharply at times but also bouncing back strongly at other times.

What was Nike's earnings per share last year?

Assuming you are asking for Nike’s earnings per share for their most recent fiscal year, Nike’s earnings per share were $4.14.

Nike, Inc. is an American multinational corporation that is engaged in the design, development, manufacturing, and worldwide marketing and sales of footwear, apparel, equipment, accessories, and services. The company is headquartered near Beaverton, Oregon, in the Portland metropolitan area. It is one of the world's largest suppliers of athletic shoes and apparel and a major manufacturer of sports equipment, with revenue in excess of $34.3 billion USD in 2020.

Nike was founded on January 25, 1964, as Blue Ribbon Sports, by Bill Bowerman and Phil Knight, and officially became Nike, Inc. on May 30, 1971. The company takes its name from Nike, the Greek goddess of victory. Nike markets its products under its own brand, as well as Nike Golf, Nike Pro, Nike+, Air Jordan, Nike Blazers, Air Force 1, Nike Dunk, Foamposite, Nike Skateboarding, Nike CR7, and subsidiaries including Converse, Hurley, and the Jordan Brand.

Nike has numerous celebs and athletes as their brand ambassadors like Cristiano Ronaldo, LeBron James, Serena Williams to name a few. As of 2020, Nike has 46,700 employees worldwide. In fiscal year 2020, the company posted earnings of $4.14 per share on a GAAP basis.

Frequently Asked Questions

What to expect from Nike's (NKE) next earnings release?

During Nike's next earnings release, we expect the company to report earnings of $0.93 per share, reflecting a year-over-year decrease of 19.83%. The release is expected on September 22, 2022.

How does Nike's (Nike) stock compare to its peers and earnings?

Nike's stock is trading at a price-to-earnings ratio of 34.4, which is higher than the valuation for its peers. Looking beyond Nike, the average P/E for S&P 500 companies currently stands at 18.5, indicating that investors are somewhat optimistic about future earnings growth. The company's projected earnings growth rate over the next year underscores this optimism, as revenue growth projections range from 5.68% to 28.14%. This indicates that despite Nike's slightly pricier stock, investors appear to believe in the company's long-term potential.

What is Nike's net income?

$5.73 billion

How much did Nike's earnings beat the analysts'consensus estimate?

NIKE's earnings beat the analysts' consensus estimate by $0.20 or 13%.

What to expect from Nike's earnings in the next year?

Nike's top line is expected to grow by 26.23% in the year ahead, from $3.66 billion in 2021 to $4.62 billion in 2022. This corresponds to EPS growth of 23.22%, as revenue increases fastest among key categories, including footwear and apparel. The company has already confirmed its next earnings report, which will be published on March 21st, 2022, so we can expect more details on its performance that quarter.

Alan Stokes

Alan Stokes

Writer at CGAA

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Alan Stokes is an experienced article author, with a variety of published works in both print and online media. He has a Bachelor's degree in Business Administration and has gained numerous awards for his articles over the years. Alan started his writing career as a freelance writer before joining a larger publishing house.

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