Nike (NKE) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Adjusted EPS
- $0.48
- Estimate
- $0.44
- Surprise
- +9.9%
- Score at report (before → after)
- 5.3 → 5.2/10
Revenue for this quarter isn’t shown: the reported figure hasn’t cleared TrendMatrix’s freshness and sanity checks yet, and consensus revenue isn’t tracked. EPS above is the available figure.
How the report landed
Nike (NKE) beat the $0.44 estimate with adjusted EPS of $0.48 — a clear 9.9% upside surprise. TrendMatrix's engine moved from Hold (5.3/10) to Sell at 5.2/10 after the report — the engine's score fell despite the beat.
Coverage in the report window
- Nike Posts Mixed Q1 Results, Joins Mangoceuticals And Other Big Stocks Moving Lower In Friday’s Pre-Market Session — benzinga, 2026-10-02
- Baird Maintains Neutral on Nike, Lowers Price Target to $36 — benzinga, 2026-10-02
- Stifel Maintains Hold on Nike, Lowers Price Target to $36 — benzinga, 2026-10-02
Where TrendMatrix's rating stands now
TrendMatrix currently rates NKE Sell at 5.2/10.
4 of the last 4 quarters beat the estimate; this quarter's +9.9% surprise compares with a +135.4% four-quarter average.
What supports the rating
- Strong earnings beat streak (4/4)
- Attractive valuation
What argues against it
- Concentration risk — Geographic: non-U.S. sales (57.0%)
- Concentration risk — Supplier: Vietnam footwear factories (51.0%)
- Sector modifier (Consumer Cyclical): -1.5
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $35.15
- Price target
- $41.98
- Stop
- $33.97
- Upside to target
- +19.4%
- Reward-to-risk
- 3.5:1
At 16.5× trailing and 16.3× forward earnings, consensus estimates imply little change in earnings power.
Risk check: trading volume is running 2.9× its average — elevated turnover around the report window.
Model outputs from TrendMatrix’s engine as of 2026-10-02 — shown for context, not personalized investment advice.
NKE at TrendMatrix's latest read
Cyclical consumer names live and die on demand momentum — same-quarter comps and guidance carry more weight than the headline surprise.
- Industry
- Footwear & Accessories
- Market cap
- $52.14B
- P/E (fwd)
- 16.3
- P/E (ttm)
- 16.5
- 52-week range
- $35.02–$76.97
- Off 52-week high
- 54.3%
- RSI (14)
- 36
- Volume vs avg
- 2.93×
- Score today
- 5.2/10