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Nike earnings preview: Can Hill’s turnaround give buyers their shot?
Nike reports earnings after the close today, with the stock near its lowest level since February 2014. Expectations are subdued, but the bigger question is whether CEO Elliott Hill can give investors a clearer path back to growth.Results are scheduled for approximately 4:15 p.m. ET, followed by the
Why it matters
NKE (Nike) · Why linked: Nike is the directly affected company reporting earnings after the close. Market context: Trading activity is expected to spike after the bell, with options pricing in a major move given the stock sits near an 11-year low and sentiment is deeply negative.
XLY (Consumer Discretionary) · Why linked: Nike is a large component of consumer discretionary and its results can move the sector. Market context: A surprise beat or strong guidance from Nike could lift the broader consumer discretionary ETF on the next session.
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