NIKE Expected to Earn 70 Cents a Share

NIKE, Inc. (NKE) is expected to report adjusted net income of $1.1 billion, or 70 cents a share, on sales of $10.4 billion after the market closes on Tuesday, based on a FactSet survey of 25 analysts.

In the same period a year ago, the company posted earnings of 67 cents a share on sales of $9.9 billion. It reported net income of $1.1 billion.

The stock has risen 3.6% since the company last reported earnings on Jun. 27.

Quarterly estimates have fallen less than 1 cent a share in the past month.

NIKE is currently trading at a price-to-forward-earnings ratio of 28.9 based on the 12-month estimates of 25 analysts surveyed by FactSet.

In the upcoming quarter analysts are forecasting adjusted net income of $965 million, or 61 cents a share, on sales of $10.1 billion.

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