Nike (NKE) PT Raised to $192 at UBS

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Go back to Nike (NKE) PT Raised to $192 at UBS

Nike (NKE) Stock Pops Following 'Surprising' Beat, Analyst Praises 'Impressive' Execution

December 21, 2021 5:40 AM EST

Shares of Nike (NYSE: NKE) are trading over 3% in the green in early Tuesday trading after the company presented higher-than-expected numbers for its fiscal second quarter.

Nike reported an FQ2 EPS of $0.83 to easily beat the analyst estimate of $0.63. Revenue for the quarter came in at $11.4 billion versus the consensus estimate of $11.25 billion.

Direct sales soared 9% to $4.7 billion while digital sales increased 12%. The company reported a gross margin of 45.9%, up from 43.1%.

"NIKE's strong results this quarter provide further proof that our strategy is working, as we execute through a dynamic... More