Nike (NYSE:NKE) will report earnings after the bell on Tuesday. Last quarter, Nike beat revenue expectations by 3.4% with revenues of $11.1 billion, down 12% year on year. This quarter, analysts expect revenue to decline 5% to $11 billion, with adjusted earnings of $0.27 per share. Analysts generally reconfirmed their estimates, despite Nike missing revenue estimates three times in the last two years. In the consumer discretionary segment, Scholastic missed revenue estimates by 5.6%, with sales down 4.9%. Nike’s average analyst price target is $79.57, currently at $69.31. StockStory is hiring roles for equity analysts and marketers.

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