Zacks cuts Nike estimate. Nike stock sits 45.14 percent below its high

Published on 10/19/2026 at 10:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Zacks cut its Q1 2028 estimate to USD 0.50 from USD 0.51. Nike stock costs EUR 33.21 on October 19, 2026, 0.54 percent below Xetra close.

Analyst pressure and key dates

Zacks cut its Q1 2028 estimate to USD 0.50 from USD 0.51 on October 16, 2026.
Nike reported USD 11.21 billion in Q1 2027 revenue, down 4.3 percent year over year.
Nike stock trades at EUR 33.21 at 10:12 a.m. CEST at Lang & Schwarz on October 19, 2026, 0.54 percent below the Xetra close of October 16, 2026.
Nike's Investor Day is scheduled for November 17, 2026, followed by earnings on December 17, 2026.

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Nike (ISIN US6541061031) was trading at EUR 33.21 at Lang & Schwarz on October 19, 2026, 0.54 percent below the Xetra close of October 16, 2026. MarketBeat reported that Zacks Research cut its Q1 2028 earnings estimate to USD 0.50 from USD 0.51 on October 16, 2026.

Zacks trims its estimate

The latest analyst revision adds pressure to a turnaround already marked by weaker sales. Zacks kept a Strong Sell rating, while the wider analyst consensus cited by MarketBeat was Reduce with an average target of USD 41.07.

Nike's fiscal first-quarter results on October 1, 2026, showed the central tension. According to Nike, revenue for the quarter ended August 31, 2026, was USD 11.2 billion and diluted earnings per share were USD 0.48. Revenue fell 4.3 percent year over year, while earnings per share exceeded the USD 0.43 consensus cited by MarketBeat.

What does guidance mean for earnings?

Management's fiscal 2027 outlook points to a high-single-digit revenue decline and adjusted earnings per share of USD 1.15 to USD 1.35, according to MarketBeat. That outlook matters because the latest quarterly earnings beat did not offset the weaker sales path.

Three dates shape the reset

On October 1, 2026, Nike reported USD 11.21 billion in quarterly revenue and USD 0.48 in earnings per share, according to Nike. On October 2, 2026, Investing.com reported that Goldman Sachs cut its target from USD 38 to USD 30. On October 16, 2026, Zacks reduced its Q1 2028 estimate from USD 0.51 to USD 0.50.

Next dates for Nike

Investing.com identifies November 17, 2026, as Nike's next Investor Day. TradingView lists December 17, 2026, as the next earnings date. The two dates frame the next test of the company's recovery plan.

Stock stays below its yearly high

The EUR 33.21 quote is 45.14 percent below the EUR 60.52 52-week high shown for the euro listing, while the EUR 27.90 low sets a nearby lower reference. For investors, the main issue is whether the November strategy update can improve the revenue trajectory before earnings expectations fall further. Nike was trading at EUR 33.21 at Lang & Schwarz on October 19, 2026 at 10:12 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Nike stock.