(Part 2 of 5) - Earnings Calendar (30Mar2026) - Nike, just "did" it
Earnings Calendar (30Mar2026)
Let us deep dive into Nike, with its upcoming earnings report.
Stock Performance Analysis
Despite recent declines in financial performance, there is a notable divergence between technical analysis and analyst sentiment regarding Nike’s stock. Technical indicators currently suggest a strong sell rating, signalling that the stock may face continued downward momentum in the near term. In contrast, analyst sentiment remains optimistic, with many experts maintaining a buy recommendation. Furthermore, the consensus price target for Nike shares is set at $74.97, indicating a potential upside of 45.94% from the current trading price. This disparity highlights differing perspectives on the stock’s future trajectory, as market indicators and professional forecasts provide conflicting guidance for investors.
The stock price has fallen 18.83% from a year ago. More worryingly, the stock price has fallen by over 61% from 5 years.
Earnings and Valuation Metrics
The earnings per share (EPS) were last reported at 1.71, and the price-to-earnings (P/E) ratio currently stands at 30. Despite maintaining a healthy gross profit margin of 41%, the company continues to experience a decline in its stock price.
Five-Year Income Statement Review (2021–2025)
Let us look into the income statement of Nike from the last five years, between 2021 and 2025, ending on May 31.
The total revenue of the company has grown from $44.5 billion in 2021 to $46.3 billion in 2025. However, the best years for the company were 2022 and 2024, when revenues exceeded $51 billion. We saw a drop in gross profit from $20 billion in 2021 to $19.7 billion in 2025.
Most alarming is the decrease in operating income, which fell from $7.2 billion in 2021 to $3.7 billion in 2025. In fact, operating income dropped by 45.19% from 2024 to 2025.
Balance Sheet Trends
Nike has experienced a decline in total assets, which fell from $37.7 billion in 2021 to $36.5 billion in 2025.
Total liabilities also decreased, moving from $24.9 billion in 2021 to $23.3 billion in 2025. However, a significant concern is the company’s retained earnings, which declined from $3.1 billion in 2021 to a negative $727 million in 2025.
Nike is set to release its upcoming earnings report on March 31, 2026. Current forecasts project earnings per share (EPS) of $0.301 for the period, with anticipated quarterly revenue reaching $11.23 billion.
Nike News
The first quarter of 2026 has been a period of strategic “rebuilding” for Nike as the company attempts to recover from a difficult 2025. Under the leadership of CEO Elliott Hill, the brand is pivoting back to its “sport-first” roots.
Corporate & Leadership
In January 2026, Nike announced a major global leadership shuffle to accelerate its “Sport Offense” strategy. Key changes include Cathy Sparks taking over as VP/GM of Greater China and César Garcia leading the EMEA region. These moves aim to streamline operations and repair relationships with wholesale partners.
Financial Performance
The stock has faced volatility, trading between $54 and $70. While Nike reported modest revenue growth in its running category, total profits are expected to dip as the company aggressively clears old inventory. Investors are eyeing the Q3 2026 earnings report on March 31 for signs of a sustained turnaround.
Innovation & Sustainability
Nike recently unveiled high-performance kits for the 2026 World Cup made from 100% recycled textiles using new chemical recycling technology. On the product front, the “Nike Mind” neuroscience-based footwear and “Project Amplify” self-adjusting shoes are set to lead the brand’s innovation push for the upcoming Olympics.
In conclusion
Nike is in decline which is evident with the falling revenue and profits. In conclusion, I prefer to monitor the stock for now.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
