Equity Profile

NKE

NIKE, Inc.

Consumer DiscretionaryFootwear$64.7B

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 critical measure of profitability and helps investors gauge the company's financial health.

$0.13

Revenue

Revenue indicates overall sales performance and market demand for NIKE's products, which is vital for growth.

$10.8B

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 key player in the consumer discretionary sector, NIKE's performance is often tied to consumer spending trends and shifts in athletic fashion.

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, exceeding expectations by 20.69%. The stock reacted positively, gaining 3.08% the following day.

Management Promises & Guidance

Focus on expanding direct-to-consumer sales channels.
Commitment to sustainability initiatives in product development.
Plans to enhance digital engagement with consumers.

Expectations

Wall Street Expectations

Analysts are cautiously optimistic about NIKE's upcoming earnings, expecting a modest EPS of $0.13 and revenue of $10.8B.

Bull Case

If NIKE can exceed EPS expectations and show strong revenue growth, it could signal robust demand and effective cost management, leading to a positive stock reaction.

Bear Case

Conversely, if the company fails to meet these expectations, it may raise concerns about slowing sales and market competition, potentially leading to a negative stock response.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.13

EPS is a critical measure of profitability and helps investors gauge the company's financial health.

Revenue

$10.8B

Revenue indicates overall sales performance and market demand for NIKE's products, which is vital for growth.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will NIKE's EPS exceed the consensus estimate of $0.13?

A beat on EPS could reinforce investor confidence and indicate strong operational performance.

What is the revenue outlook compared to the consensus of $10.8B?

Revenue performance will be crucial to assess demand trends and growth potential in the current market.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate the impact of NIKE's direct-to-consumer strategy, which could drive higher margins and sales growth.

Supporting Evidence

Recent strong EPS surprises indicate a trend of better-than-expected performance.

The options market is pricing in a larger move than historical averages suggest, indicating potential for significant volatility.

Management's focus on sustainability may resonate well with consumers, boosting brand loyalty.

Key Risk

If direct-to-consumer sales show significant growth, it could challenge the current consensus outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it will reflect NIKE's ability to navigate a challenging retail environment and consumer preferences.

Bull Confirmed If

An EPS of $0.20 or higher would confirm strong demand and effective cost management.

Bear Confirmed If

An EPS below $0.09 would raise concerns about sales performance and competitive pressures.

Pre-Earnings Positioning

Options Market

Implied Move

±12.3%

Historical Avg

±1.2%

Pricing rich

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

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)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If NIKE beats expectations, history suggests a potential stock increase of around 0.75%, confirming strong demand and operational efficiency.

In-Line / Cautious

An in-line report may lead to muted reactions as investors await further clarity on future growth strategies.

Miss

If NIKE misses expectations, the stock could decline by approximately 0.75%, indicating concerns over market competitiveness.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on direct-to-consumer sales growth.
2Insights into inventory management and supply chain efficiency.
3Details on new product launches and marketing strategies.
4Commentary on consumer spending trends and market competition.
5Updates on sustainability initiatives and their impact on brand perception.

See the full picture

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

No charge today · Auto-bills $8/mo after 7 days · Cancel anytime

More Earnings This Week

5 Reports

AeroVironment, Inc.

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 critical measure of profitability and helps investors gauge the company's financial health.

$0.13

Revenue

Revenue indicates overall sales performance and market demand for NIKE's products, which is vital for growth.

$10.8B

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, exceeding expectations by 20.69%. The stock reacted positively, gaining 3.08% the following day.

Management Promises & Guidance

Focus on expanding direct-to-consumer sales channels.
Commitment to sustainability initiatives in product development.
Plans to enhance digital engagement with consumers.

Expectations

Wall Street Expectations

Analysts are cautiously optimistic about NIKE's upcoming earnings, expecting a modest EPS of $0.13 and revenue of $10.8B.

Bull Case

If NIKE can exceed EPS expectations and show strong revenue growth, it could signal robust demand and effective cost management, leading to a positive stock reaction.

Bear Case

Conversely, if the company fails to meet these expectations, it may raise concerns about slowing sales and market competition, potentially leading to a negative stock response.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.13

EPS is a critical measure of profitability and helps investors gauge the company's financial health.

Revenue

$10.8B

Revenue indicates overall sales performance and market demand for NIKE's products, which is vital for growth.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will NIKE's EPS exceed the consensus estimate of $0.13?

A beat on EPS could reinforce investor confidence and indicate strong operational performance.

What is the revenue outlook compared to the consensus of $10.8B?

Revenue performance will be crucial to assess demand trends and growth potential in the current market.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate the impact of NIKE's direct-to-consumer strategy, which could drive higher margins and sales growth.

Supporting Evidence

Recent strong EPS surprises indicate a trend of better-than-expected performance.

The options market is pricing in a larger move than historical averages suggest, indicating potential for significant volatility.

Management's focus on sustainability may resonate well with consumers, boosting brand loyalty.

Key Risk

If direct-to-consumer sales show significant growth, it could challenge the current consensus outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it will reflect NIKE's ability to navigate a challenging retail environment and consumer preferences.

Bull Confirmed If

An EPS of $0.20 or higher would confirm strong demand and effective cost management.

Bear Confirmed If

An EPS below $0.09 would raise concerns about sales performance and competitive pressures.

Pre-Earnings Positioning

Options Market

Implied Move

±12.3%

Historical Avg

±1.2%

Pricing rich

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

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)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If NIKE beats expectations, history suggests a potential stock increase of around 0.75%, confirming strong demand and operational efficiency.

In-Line / Cautious

An in-line report may lead to muted reactions as investors await further clarity on future growth strategies.

Miss

If NIKE misses expectations, the stock could decline by approximately 0.75%, indicating concerns over market competitiveness.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on direct-to-consumer sales growth.
2Insights into inventory management and supply chain efficiency.
3Details on new product launches and marketing strategies.
4Commentary on consumer spending trends and market competition.
5Updates on sustainability initiatives and their impact on brand perception.