Nike Inc (NYSE:NKE) will be reporting its second-quarter earnings on Thursday. Wall Street expects 64 cents in EPS and $12.13 billion in revenues as the company reports after market hours.
The stock is down 37.30% over the past year, 19.54% over the past six months.
Nike Facing Slowing Growth, Stock Slipping
Nike has faced consistent challenges in recent quarters, with growth slowing and stock performance reflecting the headwinds.
Shares have gapped down after earnings in four consecutive reports, including October, when the company missed revenue expectations and withdrew its full-year guidance.
Weakness in North America and China, coupled with a 15% drop in digital sales and a 13% decline in direct-to-consumer sales, has weighed heavily on results. Nike's strategic pivot to prioritize direct sales over wholesale channels like Foot Locker Inc (NYSE:FL) and DSW has yet to deliver the desired rebound, leaving investors cautious ahead of its upcoming earnings release.
Let's look at what the charts indicate for Nike stock and how the stock currently maps against Wall Street estimates.
Read Also: Nike Q2 Earnings Preview: Analyst Says Athletic Brand Early In 'Turnaround Journey' With New CEO
Nike Stock Chart Bearish Ahead Of Q2 Earnings
Nike's technical indicators paint a bearish picture ahead of its earnings release.
Chart created using Benzinga Pro
The stock is trading below its eight-day, 20-day and 50-day exponential moving averages, signaling strong bearish momentum and sustained selling pressure. With Nike stock at $76.90, below the eight-day simple moving average (SMA) of $77.57, 20-day SMA of $77.69, 50-day SMA of $78.35 and 200-day SMA of $84.77, the trend points to potential for further downside.
The moving average convergence/divergence (MACD) indicator at a negative 0.12 confirms a bearish signal, while the relative strength index (RSI) at 46.09 suggests the stock is approaching oversold territory but remains neutral for now.
Nike Analysts See 17% Upside
Ratings & Consensus Estimates: The consensus analyst rating on Nike stock stands at an Outperform currently with a price target of $94.10. The latest analyst ratings from Wells Fargo, Evercore ISI Group and Deutsche Bank suggest an average price target of $90.33 for Nike stock, implying a 17% upside potential.
NKE Price Action: Nike stock is down 0.065% at $76.85 at publication on Thursday.
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オーストラリアでは、moomooの投資商品及びサービスはMoomoo Securities Australia Limitedによって提供され、オーストラリア証券投資委員会（ASIC）の管理を受けております（AFSL No. 224663）。「金融サービスガイド」、「利用規約」、「プライバシーポリシー」などの詳細は、Moomoo Securities Australia Limitedのウェブサイトhttps://www.moomoo.com/auでご確認いただけます。
Shares have gapped down after earnings in four consecutive reports, including October, when the company missed revenue expectations and withdrew its full-year guidance. 
株価は四回連続の決算発表後に下落し、特に10月には売上高の予想を下回り、年間ガイダンスを撤回した際にギャップダウンしました。 