Reported about 1 year ago
Nike's stock has dropped 13% this year, but investors might be interested in a rebound ahead of the company's fiscal fourth-quarter results. Despite concerns about slower revenue growth, particularly in digital sales, Nike is expected to see a slight increase in Q4 sales and a significant bump in EPS. With a Zacks Rank #3 (Hold), it will be crucial for Nike to meet or exceed expectations and provide positive guidance to address concerns about slower sales growth.
Source: YAHOO