Nike Stock at $52.32, Options Signal 11.3% Move Ahead of Q3 Results
Nike stock climbed 2.1% to $52.32 from a nine-year low of $50.95, yet remains down 18% YTD as options imply an 11.3% swing on Q3 earnings. Analysts project $0.28 EPS on $11.24 billion revenue and set a $74.96 12-month target, a 43.7% premium to current levels.
1. Stock Performance Ahead of Earnings
Nike shares rebounded 2.1% to $52.32 after hitting a nine-year low of $50.95, yet the stock remains down 18% year-to-date. In March, Nike fell 15%, the steepest decline among Dow components, underscoring lingering investor caution.
2. Earnings Estimates for Fiscal Third Quarter
Market consensus forecasts earnings of $0.28 per share on revenue of $11.24 billion for fiscal Q3, with results due after the close. This report carries heightened scrutiny given Nike’s record of post-earnings declines in six of its previous eight quarters.
3. Options-Implied Volatility and Analyst Ratings
Options traders are pricing in an 11.3% share price move for the earnings release, above Nike’s two-year average implied swing of 8.9%. Among 36 brokerages covering the stock, 20 maintain a buy rating and the average 12-month price target stands at $74.96, a 43.7% premium to current levels.