UBS analyst Jay Sole says the firm’s channel checks suggest Nike’s (NKE) global sales growth trends “deteriorated” over the last three months. UBS expects Nike to deliver “just an in-line” Q3 earnings result and give an implied Q4 earnings per share outlook in the range of 22c-34c, bracketing the sell-side’s 29c view. However, the firm sees risk that Nike’s fiscal 2026 commentary could be meaningfully below expectations, causing Street earnings estimates to fall and market sentiment to weaken. At the same time, Nike has been providing only forward-quarter guidance since its fiscal Q1 call and thus management may opt to not comment on fiscal 2026 yet, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NKE:
- Three Stripes and You’re Out: Liverpool Chooses Adidas to Replace Nike (NYSE:NKE) with Uniform Deal
- TKO, Nike, Amgen, Macy’s, Marathon: Trending by Analysts
- Nike’s Strategic Innovation and Consumer Loyalty Drive Buy Rating
- Foot Locker price target lowered to $21 from $22 at UBS
- Foot Locker price target lowered to $19 from $22 at Jefferies