Nike beats estimates, Constellation Brands raises FY27 guidance
Nike and Constellation Brands delivered strong quarterly results, with Nike beating revenue estimates and Constellation Brands raising its FY27 guidance. General Mills and Factset Research Systems are set to report earnings before the market opens, while MSC Industrial Direct also remains in focus.
*this image is generated using AI for illustrative purposes only.
U.S. stock futures traded lower this morning as investors focused on quarterly earnings reports from major corporations. Nike Inc. and Constellation Brands Inc. led the news with better-than-expected results, while General Mills Inc. and Factset Research Systems Inc. prepared to announce their financial figures.
Nike reported fourth-quarter revenue of $10.97 billion, surpassing analyst estimates of $10.86 billion. The company posted adjusted earnings of 20 cents per share, beating expectations of 13 cents per share. Despite the positive results, Nike shares fell 2.5% to $40.04 in after-hours trading.
Constellation Brands reported upbeat first-quarter financial results, with earnings of $3.43 per share, beating the consensus estimate of $3.21 by 6.85%. The company also raised its FY27 earnings guidance. Shares gained 3.2% to $143.59 in after-hours trading.
General Mills is expected to post quarterly earnings of 80 cents per share on revenue of $4.59 billion before the opening bell. Factset Research Systems is anticipated to report earnings of $4.46 per share on revenue of $618.25 million. Both companies will release earnings before the market opens.
MSC Industrial Direct Co. Inc. is also in focus, with analysts expecting quarterly earnings of $1.26 per share on revenue of $1.03 billion. Shares gained 1.1% to $120.25 in after-hours trading.
Key Earnings Data
| Company | Expected EPS | Reported EPS | Revenue | Revenue Estimate | Share Movement |
|---|---|---|---|---|---|
| Nike Inc. | 13 cents | 20 cents | $10.97 billion | $10.86 billion | -2.5% |
| Constellation Brands Inc. | $3.21 | $3.43 | - | - | +3.2% |
| General Mills Inc. | 80 cents | - | $4.59 billion | - | +0.3% |
| Factset Research Systems Inc. | $4.46 | - | $618.25 million | - | +2.1% |
| MSC Industrial Direct Co. Inc. | $1.26 | - | $1.03 billion | - | +1.1% |
What factors contributed to Nike's share decline despite beating earnings expectations?
How will Constellation Brands' raised FY27 guidance impact its competitive positioning in the beverage industry?
What are analysts' expectations for General Mills and FactSet following their upcoming earnings releases?
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