Athletic apparel brand Nike (NYSE: NKE) will be reporting results this Tuesday after the bell. Here’s what to expect.
Nike beat analysts’ revenue expectations last quarter, reporting revenues of $12.43 billion, flat year on year. It was a stunning quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.
Is Nike a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Nike’s revenue to be flat year on year, improving from the 9.3% decrease it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Nike has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Nike’s peers in the consumer discretionary segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Carnival delivered year-on-year revenue growth of 6.1%, meeting analysts’ expectations, and Scholastic reported a revenue decline of 1.9%, falling short of estimates by 0.6%. Scholastic traded up 8.8% following the results.
Read our full analysis of Carnival’s results here and Scholastic’s results here.
AI fears in late 2025 triggered a rotation into safer assets, but the US-Iran conflict in spring 2026 shifted anxiety from disruption to geopolitical risk. While some of the consumer discretionary stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 7.5% on average over the last month. Nike is down 16.1% during the same time and is heading into earnings with an average analyst price target of $74.97 (compared to the current share price of $51.18).
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