Nike(NYSE:NKE) stock fell by 6.26% on Friday after the company reported its Q1 earnings results on Thursday, September 23, 2021 at 04:15 PM.
Here’s what investors need to know about the announcement.
Earnings
Nike beat their estimated earnings by 4.5%, which did not surprise analysts.
Revenue was up $1,654,000,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.42, which was followed by a 15.53% increase in the share price the next day.
Here’s a look at Nike’s past performance and the resulting price change:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|---|
| EPS Estimate | 1.11 | 0.51 | 0.76 | 0.62 | 0.47 |
| EPS Actual | 1.16 | 0.93 | 0.90 | 0.78 | 0.95 |
| Price Change % | -6.26% | 15.53% | -3.97% | -2.29% | 8.76% |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
- For Q2, the company expects revenue growth to be flat to down low single digits versus the prior year.
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