NIKE (NKE) reported drop in EPS and sales, leading to negative earnings revisions.

From Nasdaq: 2025-01-24 05:00:00

NIKE (NKE) reported a 25% drop in EPS and an 8% decline in sales, leading to negative earnings estimate revisions. The stock is now a Zacks Rank #5 (Strong Sell). CEO Elliott Hill vows to reposition the business for long-term value. Analysts recommend focusing on stocks with a Zacks Rank #1 (Strong Buy) or Zacks Rank #2 (Buy) for potential gains.

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Read more at Nasdaq: Bear of the Day: NIKE (NKE)