JPMorgan Cuts Nike 2027 Earnings Outlook, Flags China, Rising Competition
JPMorgan analyst expects NKE to generate fiscal 2027 EPS of $1.55 versus consensus of $1.72. Revenues are expected to decline in the fiscal year.
An expert at JPMorgan thinks Nike will make less money than other experts predict, because of trouble in China and more companies fighting for customers. When you see a big bank lower its guess about a company's future earnings, it's worth noticing what problems they spotted.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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