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Here's What Key Metrics Tell Us About Nike (NKE) Q1 Earnings
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For the quarter ended August 2024, Nike (NKE - Free Report) reported revenue of $11.59 billion, down 10.4% over the same period last year. EPS came in at $0.70, compared to $0.94 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $11.65 billion, representing a surprise of -0.53%. The company delivered an EPS surprise of +34.62%, with the consensus EPS estimate being $0.52.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Nike performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Geographic Revenue- North America: $4.83 billion compared to the $4.80 billion average estimate based on eight analysts. The reported number represents a change of -11% year over year.
Geographic Revenue- Asia Pacific & Latin America: $1.46 billion versus the eight-analyst average estimate of $1.43 billion. The reported number represents a year-over-year change of -7%.
Geographic Revenue- Europe, Middle East and Africa: $3.14 billion versus the eight-analyst average estimate of $3.31 billion. The reported number represents a year-over-year change of -12.9%.
Geographic Revenue- Greater China: $1.67 billion versus $1.61 billion estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a -4% change.
Geographic Revenue- Brand-Nike: $11.11 billion versus the seven-analyst average estimate of $11.15 billion.
Geographic Revenue- North America- Equipment: $283 million compared to the $211.68 million average estimate based on five analysts. The reported number represents a change of +34.1% year over year.
Revenue- Global Brand Divisions: $14 million compared to the $11.54 million average estimate based on seven analysts. The reported number represents a change of +7.7% year over year.
Revenue- Converse: $501 million compared to the $505.14 million average estimate based on seven analysts. The reported number represents a change of -14.8% year over year.
Revenue- Corporate: -$23 million compared to the -$7.52 million average estimate based on six analysts. The reported number represents a change of +1050% year over year.
Revenue- Footwear: $7.46 billion versus $7.52 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -11.4% change.
Revenue- Equipment: $603 million versus the four-analyst average estimate of $524.98 million. The reported number represents a year-over-year change of +13.6%.
Revenue- Apparel: $3.03 billion versus the four-analyst average estimate of $3.12 billion. The reported number represents a year-over-year change of -10.5%.
Shares of Nike have returned +6.1% over the past month versus the Zacks S&P 500 composite's +2.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Here's What Key Metrics Tell Us About Nike (NKE) Q1 Earnings
For the quarter ended August 2024, Nike (NKE - Free Report) reported revenue of $11.59 billion, down 10.4% over the same period last year. EPS came in at $0.70, compared to $0.94 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $11.65 billion, representing a surprise of -0.53%. The company delivered an EPS surprise of +34.62%, with the consensus EPS estimate being $0.52.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Nike performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Geographic Revenue- North America: $4.83 billion compared to the $4.80 billion average estimate based on eight analysts. The reported number represents a change of -11% year over year.
- Geographic Revenue- Asia Pacific & Latin America: $1.46 billion versus the eight-analyst average estimate of $1.43 billion. The reported number represents a year-over-year change of -7%.
- Geographic Revenue- Europe, Middle East and Africa: $3.14 billion versus the eight-analyst average estimate of $3.31 billion. The reported number represents a year-over-year change of -12.9%.
- Geographic Revenue- Greater China: $1.67 billion versus $1.61 billion estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a -4% change.
- Geographic Revenue- Brand-Nike: $11.11 billion versus the seven-analyst average estimate of $11.15 billion.
- Geographic Revenue- North America- Equipment: $283 million compared to the $211.68 million average estimate based on five analysts. The reported number represents a change of +34.1% year over year.
- Revenue- Global Brand Divisions: $14 million compared to the $11.54 million average estimate based on seven analysts. The reported number represents a change of +7.7% year over year.
- Revenue- Converse: $501 million compared to the $505.14 million average estimate based on seven analysts. The reported number represents a change of -14.8% year over year.
- Revenue- Corporate: -$23 million compared to the -$7.52 million average estimate based on six analysts. The reported number represents a change of +1050% year over year.
- Revenue- Footwear: $7.46 billion versus $7.52 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -11.4% change.
- Revenue- Equipment: $603 million versus the four-analyst average estimate of $524.98 million. The reported number represents a year-over-year change of +13.6%.
- Revenue- Apparel: $3.03 billion versus the four-analyst average estimate of $3.12 billion. The reported number represents a year-over-year change of -10.5%.
View all Key Company Metrics for Nike here>>>Shares of Nike have returned +6.1% over the past month versus the Zacks S&P 500 composite's +2.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.