NKE finished its last six post-earnings sessions lower
Footwear name Nike Inc (NYSE:NKE) will announce its fiscal fourth-quarter earnings report after the close on Thursday, June 26. Analysts are expecting an earnings per share (EPS) of 11 cents, on revenue of $10.67 billion. Ahead of the event, Raymond James reiterated its "market perform" rating, suggesting results won't be as bad as anticipated, despite tariff concerns.
However, it's worth noting that Nike stock has a fairly dismal post-earnings history. The stock finished the session lower following seven of its last eight earnings reports, including a 5.5% drop this past March.
On the charts, NKE has been steadily climbing since its April 10 more than seven-year low of $52.28. The stock recently found a floor of support at the $60 level, but overhead pressure at 80-day moving average, which rejected a rally earlier this month, still lingers above. Currently trading at $60.22, the shares are down 20.4% in 2025.
Options traders have been more bullish than usual over the last 10 weeks. Nike stock's 50-day call/put volume ratio of 2.78 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) ranks higher than 94% of readings from the past year.
Short interest has been unwinding too, down 18.5% in the last two weeks. Of the stock's total available float, 3.4% is currently sold short, leaving under two days for shorts to buy back their bearish bets.