Nike (NKE) will report fiscal first-quarter earnings after the bell Tuesday, and analys𝕴ts are projecting sales and profits to de꧙cline year-over-year—but calling for little upside to the stock.

The consensus price target for the sports apparel company is $89.65, according to Visible Alpha, less than 2% above Monday's close.

Of the 20 firms surveyed with current ratings, nine have Nike as a "buy" rating, according to Visible Alpha. Another nine have it as a "hold," and two have posted a "sell" rating.

澳洲幸运5官方开奖结果体彩网:Net income is projected to fall by nearly half 澳洲幸运5官方开奖结果体彩网:year-over-year to about $775 million, down from $1.45 billion a year ago. The company is expected to report higher expenses due to increased advertising during the Olympics, which too🍸k place during the quarter, and a focus on developing new products.

The case for the upside, according to Deutsche Bank analysts, is that this quarter should be the bottom for Nike's sales decline before a recovery, particularly as it 澳洲幸运5官方开奖结果体彩网:transitions to a new CEO in October. Here’s 澳洲幸运5官方开奖结果体彩网:what you need to know ahead of Nike’s earnings report.

Nike's shares are down roughly 20% this year.