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Nike shares hit fresh lows after weak Q1 FY2027 results and guidance
In Q1 FY2027, Nike revenue fell 4.2% to $11.2 billion, and the guidance follow through left analysts warning conditions could worsen before improving.
Nike shares extended their slide after the company reported weak Q1 fiscal year 2027 results and issued soft guidance, a combination that pushed the stock to fresh lows, according to MarketBeat Ratings.
The outlet said Nike’s prolonged sell-off has left the shares down more than 80% over five years, with a recent high volume move following the earnings release viewed as evidence the sell-off could be nearing an end, though risks remain if the downturn continues.
MarketBeat Ratings cited RBC Capital Markets analyst Piral Dadhania, who warned that conditions are likely to get worse before they get better, and said the consensus upside case is tempered by a downward revision trend that points to weakness near the low end of the low-$20 range.
On fundamentals, the outlet reported that Nike struggled in Q1 FY2027, with revenue down 4.2% to $11.2 billion and missing consensus expectations.