Nike (NKE) is set to report fiscal second-quarter earnings after the market closes Thursday, its first quarterly results 澳洲幸运5官方开奖结果体彩网:since its new CEO, company veteran Elliott Hill, took over in October.

Analysts are mostly bullish on Nike's stock, with 10 analysts tracked by Visible Alpha 澳洲幸运5官方开奖结果体彩网:rating it as a "buy," eight analysts with "holds" and one "sell." With an average 澳洲幸运5官方开奖结果体彩网:price target near $87, analysts expect Nike to rise roughly 12% from Wednesday's intraday price of about $78—though that would still be below the nearly $1ꦺ09 level where it started the year.

Nike is projected to report $12.12 billion in revenue for the second quarter of fiscal 2025, an over 9% decline from the same time last year, according to estimates compiled by Visible Alpha. The apparel maker is expected to post 澳洲幸运5官方开奖结果体彩网:net income of $968 million, down from $1.6 billion a year ago.

First Quarter Since CEO Hill Took The Helm

Hill took over the top job in October. Nike is expected to offer new guidance for the fiscal year and set a new date for its annual investor day when it reports in Thursday's earnings. The company suspended its outlook and postponed the investor event initially scheduled for November 澳洲幸运5官方开奖结果体彩网:when it reported first quarter results, as Hill was weeks away from assuming the role.

Nike's stock has lost ground as sales declined and the company looked to cut costs 澳洲幸运5官方开奖结果体彩网:over the past year. Several analysts 澳洲幸运5官方开奖结果体彩网:have applauded the return of Hill, a Nike veteran, to th⛦e company, saying it could boost Nik🌠e's turnaround effort.

The company has 澳洲幸运5官方开奖结果体彩网:faced growing competition from smaller brands both domestically and in other vital markets like China, and 澳洲幸运5官方开奖结果体彩网:said in recent quarters that it plans to 🐓shift its product lineup to focus more on new products and ideas.

Nike stock, which slipped less than 1% on Wednesday, is down ಌnearly 30% this year so far.

UPDATE—Dec. 18, 2024: This article has been updated to reflect more recent analyst estimates and share price information.