Deutsche Bank Expects NIKE to Report a Q4 Miss
<p>Deutsche Bank analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/NKE'>NIKE, Inc. (NYSE:NKE)</a> ahead of the company’s Q4 earnings, expected to be reported on June 27.</p>
<p>The analysts expect the company’s quarterly results to miss the Street estimates. The brokerage expects $0.80 EPS, compared to the Street estimate of $0.85, primarily driven by soft results in China given COVID-19-related lockdowns in major cities. The analysts estimate revenues for China of $1.74 billion, below the Street estimate of $1.82 billion.</p>
<p>On the positive side, the analysts mentioned that trends in North America and EMEA have the potential to offset some of the weaknesses in China.</p>
<p>The analysts reduced their price target on the company’s shares to $152 from $172, while keeping their buy rating unchanged.</p>

NYSE:NKE