Nike (NKE) got here out with quarterly earnings of $0.70 per share, beating the Zacks Consensus Est
Nike (NKE) got here out with quarterly earnings of $0.70 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.52 per share a 12 months in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of 20.69%. 1 / 4 in the past, it was anticipated that this athletic attire maker would put up earnings of $0.71 per share when it truly produced earnings of $0.86, delivering a shock of 21.13%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates 3 times.
Nike, which belongs to the Zacks Sneakers and Retail Attire trade, posted revenues of $10.33 billion for the quarter ended November 2019, surpassing the Zacks Consensus Estimate by 2.23%. This compares to year-ago revenues of $9.37 billion. The corporate has topped consensus income estimates 4 occasions during the last 4 quarters.
The sustainability of the inventory’s speedy value motion primarily based on the recently-released…