Equity Profile

NKE

NIKE, Inc.

Consumer DiscretionaryFootwear$63.5B

Jun30Tue

Pre-Earnings Brief

UpcomingQ4-2026After Close5:00 PM EDT

Company Snapshot

NIKE, Inc. is a leading global brand in athletic footwear and apparel, known for its innovative products and marketing strategies....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well NIKE is managing costs and driving sales.

N/A

Revenue Growth

Revenue growth reflects the company's ability to attract and retain customers, which is crucial for maintaining market share.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

NKE Q4-2026 Earnings Preview

Context

Company Snapshot

NIKE, Inc. is a leading global brand in athletic footwear and apparel, known for its innovative products and marketing strategies. As a major player in the consumer discretionary sector, NIKE's performance is closely tied to consumer spending trends and preferences in sports and fitness.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+45.16%

Avg Stock Reaction

+0.75%

Last Quarter Recap

In Q3-2026, NIKE reported an EPS of $0.35, surpassing expectations by 20.69%. The stock reacted positively, increasing by 3.08% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of NIKE's upcoming earnings report, given the company's strong track record of beating EPS estimates.

Bull Case

If NIKE continues its trend of strong earnings surprises, it could signal robust demand for its products and effective cost management.

Bear Case

On the other hand, any signs of slowing sales growth or increased costs could raise concerns about the company's ability to maintain profitability.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be this quarter, and how does it compare to previous quarters?

Given NIKE's history of beating EPS estimates, the market will closely watch this figure to gauge ongoing profitability.

How is NIKE addressing supply chain challenges and cost pressures?

Insights into cost management and supply chain efficiency will be critical for understanding future profitability.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate NIKE's ability to navigate supply chain challenges, as recent insider buying suggests confidence in the company's future performance.

Supporting Evidence

Insiders have purchased $3.1M worth of shares, indicating strong internal confidence.

NIKE's historical EPS beat rate of 100% suggests a strong likelihood of continued performance.

Key Risk

If NIKE's EPS comes in below $0.30, it could challenge the current bullish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating NIKE's ability to sustain its growth and profitability amidst economic pressures and competition.

Bull Confirmed If

An EPS of $0.40 or higher would confirm the bull case, indicating strong demand and effective cost management.

Bear Confirmed If

An EPS below $0.30 would support the bear case, suggesting potential issues with sales or rising costs.

Pre-Earnings Positioning

Options Market

Implied Move

±12.28%

Historical Avg

±1.2%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings announcement.

Options are pricing ±12.3% while NKE has averaged ±1.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

26.8%

Calls (10.8M)P/C Ratio: 0.21Puts (3.0M)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Consumer Discretionary

n=30

Fade rate: 8 of 21 (38%)

This setup has occurred 30 times across Consumer Discretionary in the last 2 years. 13 of 21 (62%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 4.9%, with a raw directional average of +2.2% (modestly positive historical bias).

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$3.1M

72,320.47 sh

2 insiders

Sold

$0.00

0 sh

0 insiders

Net

$3.1M

Net buying

Most Active Insiders· 3 open-market trades

PRESIDENT & CEOHill Elliott
$2.0M
Net buying

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If NIKE beats expectations, history suggests the stock could rise by around 0.75%, confirming strong demand and operational efficiency.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors digest management's commentary on future guidance.

Miss

A miss could lead to a decline, with historical patterns suggesting a potential drop of around 1.16% if earnings fall short.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on supply chain management and cost control strategies.
2Insights into consumer demand trends for NIKE products.
3Details on inventory levels and product availability.
4Management's outlook on future revenue growth and profitability.
5Any commentary on competitive pressures in the footwear market.

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AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

NIKE, Inc. is a leading global brand in athletic footwear and apparel, known for its innovative products and marketing strategies....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well NIKE is managing costs and driving sales.

N/A

Revenue Growth

Revenue growth reflects the company's ability to attract and retain customers, which is crucial for maintaining market share.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

NKE Q4-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+45.16%

Avg Stock Reaction

+0.75%

Last Quarter Recap

In Q3-2026, NIKE reported an EPS of $0.35, surpassing expectations by 20.69%. The stock reacted positively, increasing by 3.08% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of NIKE's upcoming earnings report, given the company's strong track record of beating EPS estimates.

Bull Case

If NIKE continues its trend of strong earnings surprises, it could signal robust demand for its products and effective cost management.

Bear Case

On the other hand, any signs of slowing sales growth or increased costs could raise concerns about the company's ability to maintain profitability.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be this quarter, and how does it compare to previous quarters?

Given NIKE's history of beating EPS estimates, the market will closely watch this figure to gauge ongoing profitability.

How is NIKE addressing supply chain challenges and cost pressures?

Insights into cost management and supply chain efficiency will be critical for understanding future profitability.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate NIKE's ability to navigate supply chain challenges, as recent insider buying suggests confidence in the company's future performance.

Supporting Evidence

Insiders have purchased $3.1M worth of shares, indicating strong internal confidence.

NIKE's historical EPS beat rate of 100% suggests a strong likelihood of continued performance.

Key Risk

If NIKE's EPS comes in below $0.30, it could challenge the current bullish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating NIKE's ability to sustain its growth and profitability amidst economic pressures and competition.

Bull Confirmed If

An EPS of $0.40 or higher would confirm the bull case, indicating strong demand and effective cost management.

Bear Confirmed If

An EPS below $0.30 would support the bear case, suggesting potential issues with sales or rising costs.

Pre-Earnings Positioning

Options Market

Implied Move

±12.28%

Historical Avg

±1.2%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings announcement.

Options are pricing ±12.3% while NKE has averaged ±1.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

26.8%

Calls (10.8M)P/C Ratio: 0.21Puts (3.0M)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Consumer Discretionary

n=30

Fade rate: 8 of 21 (38%)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$3.1M

72,320.47 sh

2 insiders

Sold

$0.00

0 sh

0 insiders

Net

$3.1M

Net buying

Most Active Insiders· 3 open-market trades

PRESIDENT & CEOHill Elliott
$2.0M
Net buying

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If NIKE beats expectations, history suggests the stock could rise by around 0.75%, confirming strong demand and operational efficiency.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors digest management's commentary on future guidance.

Miss

A miss could lead to a decline, with historical patterns suggesting a potential drop of around 1.16% if earnings fall short.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on supply chain management and cost control strategies.
2Insights into consumer demand trends for NIKE products.
3Details on inventory levels and product availability.
4Management's outlook on future revenue growth and profitability.
5Any commentary on competitive pressures in the footwear market.