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0.00165508109897376 0.0017654198389054 0.0026481297583581 0.00485490455698993 0.00518812755158326 -0.00242745227849497 -0.000211850380668786 0.00246276067527299
Stock impact report

Nike's China Reset Will Take 4 Quarters — Wall Street Is Done Waiting [Yahoo! Finance]

Nike, Inc. (NKE) 
Last nike, inc. earnings: 3/24 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.nike.com/home/default.aspx
Company Research Source: Yahoo! Finance
China recovery now not expected until fiscal 2029 as local brands gain share and consumer spending cools. Nike's forward P/E of 44x implies a near-term earnings recovery that contradicts the Street's own updated guidance showing negative sales momentum extending into Q4 and flat EPS for the next nine months, making the current valuation increasingly disconnected from fundamentals. A recent study identified one single habit that doubled Americans' retirement savings and moved retirement from dream, to reality. Read more here Nike ( NYSE:NKE stock is absorbing a wave of analyst downgrades and price target cuts following fiscal Q3 results, which the company reported on March 31. The stock fell 14.44% in early trading on Wednesday to around $45.22. The central message from Wall Street is consistent: The China recovery will take longer than expected, and the patience required to hold through it has a limit. So far this year, shares of NKE are down 28.54%, dragging Nike stock down 3 Show less Read more
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