JUMP REPORT
NIKE (NKE)
EARNINGS RELEASE - JUNE 25 (AMC)
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .09/share REV: 7,520/M
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LAST QTR: EPS: .59/share ACTUAL: .53/share (MISS)
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NEXT QTR: EPS: .66/share REV: 9,970/M
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FULL YR: EPS: 2.18/Share REV: 38,450/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 68% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 15.42, -2.7, 6.43
EXPECTED JUMP MOVE: 10%
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*** With market volatility at extremes there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading.
Links To Latest News and Headlines
Companies in The News Are: CCL, NKE, MSFT, TWTR
CVE, NKE and KAR have been added to the Zacks Rank #5 (Strong Sell) List on October 3, 2022.
The maker of athletic apparel and shoes disappointed investors last week when it reported high inventory levels and a decrease in gross margin. Like many retailers, Nike faces higher costs and supply chain troubles. Nike struggled in two particular areas in the fiscal 2023 first quarter.
Can it get even worse in the fourth quarter for investors? Maybe. More on that and what else to watch in markets for Monday, October 3, 2022.
FedEx, Nike, Micron, Conagra and Constellation Brands are part of Zacks Earnings Preview.
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Avg Daily Volume: 7,965,562 Market Cap: 122.81B
Sector: Consumer Goods Short Interest: 1.32
Ticker delayed 20 minutes
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by Team Stockjumpers