Why Is Nike (NKE) Down 8% Since Last Earnings Report?
NIKE(NKE) ZACKS·2024-11-01 00:31
A month has gone by since the last earnings report for Nike (NKE) . Shares have lost about 8% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Nike due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. NKE Q1 Earnings Beat, Withdraws FY25 ViewNIKE reported mixed first-qu ...