NKE News

Nike reported its worst footwear revenue in more than a decade as the company transitions under its new CEO.

Nike announces third-quarter revenue of $11.27 billion, beating analyst estimates of $11.01 billion.

Nike reports third-quarter financial results Thursday. Analysts expect declines in revenue and earnings per share. A look at the estimates and what to watch.

BofA Securities analyst Lorraine Hutchinson reiterates Buy rating on Nike with a $90 price target. While third-quarter margins may face short-term pressure, the focus on clearing inventory for new product launches signals a positive outlook. The analyst notes early product successes will be key to revitalizing investor interest.

Nike results are likely to be broadly in line with expectations, analysts say. Gross margins are likely to have contracted to 41.5%.

Kim Kardashian is not coming in to be a savior to Nike, as this is just one of many issues Nike needs to address, says footwear analyst Matt Powell.

The CEO of Nike Inc. (NYSE: NKE), Elliott Hill, has earned the confidence of Jeffries analyst Randal Konik, who is optimistic about Hill's strategic plans for the company.

Nike CEO Elliott Hill has an "intensified urgency to clean up the marketplace" so expect a "visible recovery story," analyst says.

After Nike beat Q2 estimates, its new CEO Elliot Hill rebuked his predecessor's strategies and said it was not maximizing its strengths.