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 strong marketing....

Key Metrics to Watch

Earnings Per Share (EPS)

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

$0.13

Revenue

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

$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 strong marketing. As a major player in the consumer discretionary sector, NIKE's performance is closely tied to consumer spending trends and brand loyalty.

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 next day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect NIKE to report a modest EPS of $0.13 and revenue of $10.8B, indicating cautious optimism. The company has consistently beaten EPS estimates in recent quarters.

Bull Case

If NIKE continues its trend of outperforming estimates, strong brand loyalty and effective marketing could drive better-than-expected sales and profits.

Bear Case

On the other hand, if consumer spending weakens or supply chain issues persist, NIKE may struggle to meet even these lowered expectations.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.13

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

Revenue

$10.8B

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

Expectations

Two Questions That Matter

The print will turn on these two things.

Will NIKE's revenue exceed $10.8B?

Exceeding this revenue target would indicate strong consumer demand and effective sales strategies, which are crucial for investor confidence.

Can NIKE maintain or improve its EPS above $0.13?

A higher EPS would reinforce the company's profitability and growth potential, especially in a challenging retail environment.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate NIKE's ability to leverage its brand strength and innovate in product offerings, leading to stronger sales than expected.

Supporting Evidence

NIKE has consistently beaten EPS estimates in recent quarters, indicating a trend of exceeding expectations.

The options market is pricing in a significant move, suggesting that investors are anticipating volatility that could favor a positive outcome.

Key Risk

If revenue comes in significantly below $10.7B, it could undermine confidence in NIKE's growth trajectory.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether NIKE can sustain its growth momentum amid potential headwinds in consumer spending.

Bull Confirmed If

An EPS of $0.15 or higher would confirm the bull case, indicating strong operational performance.

Bear Confirmed If

An EPS below $0.09 would confirm the bear case, suggesting significant challenges in profitability.

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)

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 the strength of its brand and sales.

In-Line / Cautious

If results are in line with expectations, the stock may see a muted reaction as investors weigh future growth prospects.

Miss

A miss could lead to a decline, with historical data suggesting a potential drop around 0.26% if the company fails to meet EPS expectations.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on supply chain improvements and their impact on product availability.
2Insights into consumer demand trends and how they may affect future sales.
3Details on new product launches and marketing strategies planned for the upcoming quarters.
4Management's outlook on global economic conditions and their potential impact on sales.
5Any commentary on competition and how NIKE plans to maintain its market position.

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Company Snapshot

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

Key Metrics to Watch

Earnings Per Share (EPS)

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

$0.13

Revenue

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

$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 next day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect NIKE to report a modest EPS of $0.13 and revenue of $10.8B, indicating cautious optimism. The company has consistently beaten EPS estimates in recent quarters.

Bull Case

If NIKE continues its trend of outperforming estimates, strong brand loyalty and effective marketing could drive better-than-expected sales and profits.

Bear Case

On the other hand, if consumer spending weakens or supply chain issues persist, NIKE may struggle to meet even these lowered expectations.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.13

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

Revenue

$10.8B

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

Expectations

Two Questions That Matter

The print will turn on these two things.

Will NIKE's revenue exceed $10.8B?

Exceeding this revenue target would indicate strong consumer demand and effective sales strategies, which are crucial for investor confidence.

Can NIKE maintain or improve its EPS above $0.13?

A higher EPS would reinforce the company's profitability and growth potential, especially in a challenging retail environment.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate NIKE's ability to leverage its brand strength and innovate in product offerings, leading to stronger sales than expected.

Supporting Evidence

NIKE has consistently beaten EPS estimates in recent quarters, indicating a trend of exceeding expectations.

The options market is pricing in a significant move, suggesting that investors are anticipating volatility that could favor a positive outcome.

Key Risk

If revenue comes in significantly below $10.7B, it could undermine confidence in NIKE's growth trajectory.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether NIKE can sustain its growth momentum amid potential headwinds in consumer spending.

Bull Confirmed If

An EPS of $0.15 or higher would confirm the bull case, indicating strong operational performance.

Bear Confirmed If

An EPS below $0.09 would confirm the bear case, suggesting significant challenges in profitability.

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)

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 the strength of its brand and sales.

In-Line / Cautious

If results are in line with expectations, the stock may see a muted reaction as investors weigh future growth prospects.

Miss

A miss could lead to a decline, with historical data suggesting a potential drop around 0.26% if the company fails to meet EPS expectations.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on supply chain improvements and their impact on product availability.
2Insights into consumer demand trends and how they may affect future sales.
3Details on new product launches and marketing strategies planned for the upcoming quarters.
4Management's outlook on global economic conditions and their potential impact on sales.
5Any commentary on competition and how NIKE plans to maintain its market position.