These Analysts Cut Their Forecasts On Nike Following Q1 Results

Nike Inc. reported first-quarter revenue of $11.21 billion, missing analyst estimates of $11.33 billion, while adjusted earnings per share were 48 cents, exceeding expectations of 44 cents. The company anticipates a revenue decline in the high-single digits for fiscal 2027 and adjusted earnings guidance of $1.15 to $1.35 per share, below the estimate of $1.69. Following the earnings announcement, Nike shares fell 8.1% to $32.30, prompting analysts to adjust their price targets, with BTIG lowering it from $55 to $50 and B of A Securities from $30 to $24.