Here's What Key Metrics Tell Us About Nike (NKE) Q2 Earnings

Nike (NKE) reported $12.35 billion in revenue for the quarter ended November 2024, representing a year-over-year decline of 7.7%. EPS of $0.78 for the same period compares to $1.03 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $12.08 billion, representing a surprise of +2.27%. The company delivered an EPS surprise of +23.81%, with the consensus EPS estimate being $0.63.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.Here is how Nike performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Geographic Revenue- North America: $5.18 billion compared to the $5.01 billion average estimate based on eight analysts. The reported number represents a change of -7.9% year over year. Geographic Revenue- Asia Pacific & Latin America: $1.74 billion versus $1.69 billion estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a -3.4% change. Geographic Revenue- Europe, Middle East and Africa: $3.30 billion compared to the $3.25 billion average estimate based on eight analysts. The reported number represents a change of -7.4% year over year. Geographic Revenue- Greater China: $1.71 billion versus the eight-analyst average estimate of $1.76 billion. The reported number represents a year-over-year change of -8.2%. Geographic Revenue- Total Nike Brand: $11.95 billion versus the seven-analyst average estimate of $11.74 billion. Geographic Revenue- North America- Equipment: $250 million versus $223.67 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +25% change. Revenue- Converse: $429 million versus the eight-analyst average estimate of $466.47 million. The reported number represents a year-over-year change of -17.3%. Revenue- Global Brand Divisions: $13 million versus the seven-analyst average estimate of $12.54 million. The reported number represents a year-over-year change of +8.3%. Revenue- Corporate: -$25 million versus -$4.42 million estimated by seven analysts on average. Revenue- Footwear: $7.66 billion compared to the $7.77 billion average estimate based on five analysts. The reported number represents a change of -11.1% year over year. Revenue- Equipment: $544 million compared to the $501.72 million average estimate based on five analysts. The reported number represents a change of +13.6% year over year. Revenue- Apparel: $3.74 billion versus $3.43 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -1% change. View all Key Company Metrics for Nike here>>>Shares of Nike have returned +4.8% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.Zacks Naming Top 10 Stocks for 2025Want to be tipped off early to our 10 top picks for the entirety of 2025?History suggests their performance could be sensational.From 2012 (when our Director of Research Sheraz Mian assumed responsibility for the portfolio) through November, 2024, the Zacks Top 10 Stocks gained +2,112.6%, more than QUADRUPLING the S&P 500’s +475.6%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2025. Don’t miss your chance to get in on these stocks when they’re released on January 2.Be First to New Top 10 Stocks >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NIKE, Inc. (NKE): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks