Nike gears up for earnings | Shares down 60% from all time highs
BY TIOmarkets
|marzo 18, 2025The spotlight intensifies on Nike's performance, as it gears up to release it's fiscal third-quarter earnings report after the closing bell on the 20th March 2025.
Nikes shares are 60% down from all time highs
The company's shares have tumbled more than 60% from their all time high as a result of strategic missteps, strong competition and a challenging geopolitical landscape.
The narrative surrounding Nike has been of a strategic pivot towards direct-to-consumer channels since the pandemic, that has led to a neglect of its wholesale channels. Adding to this, Nike's innovation pipeline and its performance in the Chinese market have become points of concern.
Its a marathon, not a sprint
The fiscal third-quarter earnings report stands as a critical marker in its journey towards recovery and growth. Nike is anticipated to reveal figures that resonate with the challenges it has faced: a projected $11.02 billion in revenue for the quarter, down from the previous year's $12.43 billion. The earnings per share (EPS) for the period ending February 2025 is estimated to decline to a sobering 30 cents. This is significantly down from the previous reported figure of 78 cents for the period ending November 2024.
The fundamental and technical indicators continues to point towards a negative outlook for the stock. With the next significant support levels being around $60 and $50 per share. The relative Strength Index (RSI) also suggests that the stock is not yet oversold on the weekly and monthly timeframes.
With that said, the stock seems to have found some recent support around the current $70 per share mark, which coincides with the 61.8% Fibonacci retracement level. Some market analysts are maintaining a cautiously optimistic view of the company's recovery to growth, but the question remains when and where?
Risk disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Never deposit more than you are prepared to lose. Professional client’s losses can exceed their deposit. Please see our risk warning policy and seek independent professional advice if you do not fully understand. This information is not directed or intended for distribution to or use by residents of certain countries/jurisdictions including, but not limited to, USA & Countries included in the OFAC sanction list. The Company holds the right to alter the aforementioned list of countries at its own discretion.
TIOmarkets offers an exclusively execution-only service. The views expressed are for information purposes only. None of the content provided constitutes any form of investment advice. The comments are made available purely for educational and marketing purposes and do NOT constitute advice or investment recommendation (and should not be considered as such) and do not in any way constitute an invitation to acquire any financial instrument or product. TIOmarkets and its affiliates and consultants are not liable for any damages that may be caused by individual comments or statements by TIOmarkets analysis and assumes no liability with respect to the completeness and correctness of the content presented. The investor is solely responsible for the risk of his/her investment decisions. The analyses and comments presented do not include any consideration of your personal investment objectives, financial circumstances, or needs. The content has not been prepared in accordance with any legal requirements for financial analysis and must, therefore, be viewed by the reader as marketing information. TIOmarkets prohibits duplication or publication without explicit approval.
Join us on social media
Behind every blog post lies the combined experience of the people working at TIOmarkets. We are a team of dedicated industry professionals and financial markets enthusiasts committed to providing you with trading education and financial markets commentary. Our goal is to help empower you with the knowledge you need to trade in the markets effectively.
Related Posts
©2025 TIO Markets Ltd. Todos los derechos reservados.
Comercie de manera responsable: los CFD son instrumentos complejos y conllevan un alto riesgo de perder todo su capital invertido debido al apalancamiento.
Estos productos no son adecuados para todos los inversores y debe asegurarse de comprender los riesgos involucrados.