Newsroom
Nike Faces Challenges as Analysts Lower Forecasts
By KlickAnalytics Data Insights | October 2, 2024 10:01AM ET
Key Points
- Top Wall Street analysts are changing their outlook on Nike
- Nike has been steadily losing market share to competitors
- Nike shares dropped about 6% in premarket trading after withdrawing annual revenue target
- New CEO Elliott Hill faces challenges in turning around the company
- Nike reported better-than-expected earnings but stock fell as full-year guidance was withdrawn
Nike, the athletic gear maker, is facing challenges as top Wall Street analysts lower their outlook on the company. Despite taking a step in the right direction, analysts believe that Nike is still not out of the woods. The company has been losing market share to competitors and may face difficulties in the upcoming Spring 2026 fashion cycle.
In Wednesday's pre-market session, Nike reported weak sales, joining other big stocks like Lamb Weston in moving lower. The company's shares dropped about 6% after withdrawing its annual revenue target, leaving investors unsure about the timeline for a turnaround under incoming CEO Elliott Hill. Hill is expected to face a tough task ahead in reviving the brand and restoring investor confidence.
Despite reporting impressive Q1 2025 earnings results with a 34.9% earnings per share beat, Nike's stock sank 5.6%. The company's decision to withdraw its financial forecast for the full year and postpone its investor day raised red flags among investors. Analysts believe that Nike may need more time to get off the sidelines and fully implement its turnaround plans.
Nike is facing challenges as it struggles to regain market share and restore investor confidence under new leadership. The company's decision to withdraw its financial forecast has left investors uncertain about the future of the sportswear giant.
For more information:
Ask the market a question. Get a calculated answer.
The AI is not a chatbot bolted onto a document store. It calls the same analytics engine that powers every screen on this platform — so what comes back is a number it computed from raw history, with the command that produced it.
86,000+ instruments
Global equities, ETFs, funds, options, FX, commodities, crypto, economics, filings, transcripts and news — one normalised symbol universe with adjusted history.
A real analytics engine
Screening, backtesting, technicals, options analytics, correlations, seasonality and factor models — computed on demand from raw prices, never a stale cache.
It shows its working
Answers arrive with the charts, tables and tool calls behind them, so you can check the number instead of trusting a paraphrase.
Your own documents
Upload filings, decks and research. Ask across them and the answer cites the page it came from.
Agents and workflows
Multi-step research that runs the platform's tools for you — screen, pull the history, compute, compare, then write it up.
MCP, CLI and API
The same command catalogue from Claude, your own agent, a shell or your pipeline. The answer on screen is the answer your job gets at 4am.
You ask
“How does NVDA usually trade through earnings?”
It calls
→ ka.options_expected_move(NVDA)
It answers
NVDA has averaged a 9.2% absolute move on the day after earnings and closed higher 67% of the time. Two in three reactions land between −4.2% and +16.3% — the distribution is skewed right, not symmetric.
Every figure computed live from our own history — not scraped, not summarised.
Or start with