Nike (NKE) came out with quarterly earnings of $0.54 per share, beating estimates. This compares to earnings of $0.98 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 92.86%. A quarter ago, it was expected that this athletic apparel maker would post earnings of $0.63 per share when it actually produced earnings of $0.78, delivering a surprise of 23.81%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Nike, which belongs to the Shoes and Retail Apparel industry, posted revenues of $11.27 billion for the quarter ended February 2025, surpassing the Consensus Estimate by 2.13%. This compares to year-ago revenues of $12.43 billion. The company has topped consensus revenue estimates two times over the last four quarters.

The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.

Nike shares have lost about 3.5% since the beginning of the year versus the S&P 500’s decline of -3.5%.