.September 23, 2024 04:27:00 PM

JPMorgan has placed Nike on “Negative Catalyst Watch” ahead of its fiscal Q1 2025 earnings report on October 1. Analysts have lowered their EPS forecast for Nike’s first quarter to $0.48, citing a projected 10% drop in gross profit dollars. Challenges in China, EMEA, and North America are impacting Nike’s performance, with competition and consumer behavior playing a role. JPMorgan revised its full-year fiscal 2025 EPS estimate for Nike to $2.98, below the Street estimate of $3.08, with a delayed financial recovery expected. Despite optimism about the new CEO, near-term financial challenges are anticipated to persist.