NYSE:NKELuxury
A Look At Nike (NKE) Valuation After Q3 Earnings Beat And Weak Forward Guidance
Nike (NKE) just reported fiscal Q3 results that topped earnings expectations, but the real shock for investors came from management’s outlook, which calls for a 2% to 4% revenue decline next quarter.
See our latest analysis for NIKE.
The guidance reset has fed straight into the share price, with Nike now trading at US$44.19 after a 30.17% year to date share price decline and a 64.34% five year total shareholder return loss, signaling fading momentum as investors reassess execution risk and...