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Stock impact report

UBS Wary of Nike Inc. (NKE)'s Weak Global Sales but Barclays Confident of Bounce Back [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
The price cut is in response to the company's weak global sales momentum. Consequently, it expects the company to deliver third-quarter earnings in line with estimates. UBS Wary of Nike Inc. (NKE)'s Weak Global Sales but Barclays Confident of Bounce Back On the other hand, UBS expects Nike to deliver fourth-quarter earnings per share in the range of 3 cents to 18 cents. The EPS guidance would be below consensus estimates of 23 cents per share. In addition, it does not expect the company's fourth-quarter outlook to show any meaningful quarter-over-quarter improvement in sales growth. It expects the company to project sales growth decline in the low single digits, slightly better than its estimate of 3% decline. Earlier on March 11, Barclays upgraded Nike to Overweight and hiked the price target to $73 from $64. The upgrade underscores the research firm's confidence about the company's turnaround following the recent slump. According to Barclays, investor sentiment has reached pea Show less Read more
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