Nike, Inc. (
) shares are lower in late trading Thursday heading into its
fourth-quarter 2012 report, expected out after the market closes.
To go to the webcast for Nike,
. The event will be taking place at about 5:00pm EDT on June 28th.
Currently, the market is looking for Nike to report EPS growth of
11.3 percent to $1.38 on sales growth of 13.2 percent to $6.53
billion. Last quarter, Nike reported EPS of $1.20 and revs of $5.8
The quarter will be the last one before Nike includes the London
Olympics in its results. Investors are likely to keep an eye on
future orders following the event to see if Nike will be able to
keep momentum going.
Most recently, peer Foot Locker (
) reported results for its first-quarter, producing an earnings
beat of 12.2 percent on as sales exceeded expectations by 2
According to Streetinsider's
, 12 analysts have a Buy on Nike, five are at Hold, and zero have a
sell-equivalent call. The high price target is $130 and low is
- Benchmark sees EPS of $1.36. The firm is concerned with order
growth in China, foreign exchange headwinds, European banking and
debt issues, and footwear trends in the U.S.
Near-term catalysts include the Olympics, Euro Cup, and NFL
license. Despite recent pressure, Benchmark believes any dip in
shares is a buying opportunity.
Looking ahead, the NFL license will begin to come into play, as
well the 2014 World Cup and 2016 Olympics in Rio. Benchmark is
also bullish on the Nike+ series.
- D.A. Davidson (DAD) is looking for sales of $6.46 billion and
EPS of $1.36. In terms of future orders, DAD is modeling 13
percent growth in constant currency with low-to-mid-teens EPS
growth guidance for fiscal 2013.
The firm notes how top-line deceleration is inevitable,
heightened by economic risks, currency translation, and difficult
comps. Amid the headwinds, DAD said it expects "Nike's market
leadership position and earnings growth trajectory will continue
into FY13 behind running and basketball category strength, new
product launches (Flyknit and Nike+ Basketball/Running), the NFL
license and price-driven gross margin expansion."
Stay tuned to StreetInsider.com's
section to see our analysis of the highly-anticipated quarterly
results within seconds of their release. You can also check out
Nike's past performance at Streetinsider's
Nike's Income Statement