NKE
Nike Inc
Position levels
Currenttoday
USD 41.71
Buy <=wait / entry
USD 37.33
Trim >=take some off
USD 48.00
Thesis breakA confirmed return to revenue decline for two consecutive quarters combined with...
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Scenario-weighted conviction
| Probability | Score | Contribution | |
|---|---|---|---|
| Bull case | 23% | 100 / 100 | 23.0 |
| Base case | 47% | 62 / 100 | 29.1 |
| Bear case | 30% | 10 / 100 | 3.0 |
| Weighted conviction | 55 / 100 - OPPORTUNISTIC BUY | ||
Top risks
- Third quarter revenues $11.3 billion flat on reported basis and down 3 percent currency-neutral with NIKE Direct down 7 percent
- Gross margin decreased 130 basis points to 40.2 percent in Q3 and 300 basis points to 40.6 percent in Q2
- Diluted EPS $0.35 in Q3 and $0.53 in Q2 with no upward guidance changes reported