nike inc nke will likely forecast fullyear profit below wall street estimates as demand for the sportswear firms products from wholesalers like foot locker inc fl and hibbett inc hibb in the us succumb to inflation at least seven analysts trimmed their fy24 expectations for nikes eps since the beginning of june and 10 slashed their price targets on the companys stock ahead of its q4 results reuters reports morningstar analyst david swartz expects weak wholesale orders likely to weigh on nike jane hali  associates senior analyst jessica ramirez voiced heavier markdowns within sneakers in the problematic and volatile us market in march nike warned against earnings pressure amid its attempts to offload excess inventory through heavy discounts it still reaped the benefits of rival adidas ags adddf addyy breakup with the musician formerly kanye west last quarter and demand for jordan retro and lebron 20 foot locker also flagged declining sales in may particularly for fashionoriented sneakers still analysts expect a more robust rebound in china to offset the hit to sales from cooling consumer appetite for higher margin products in the north american region analysts expect nike to report q4 revenue of 1259 billion up by 29 yearonyear they expect an eps of 067 the analysts expect fy24 revenue of 5423 billion up by 64 and eps of 391 nike is due to report earnings today in the afterhours session price action nke shares are trading higher by 086 at 11400 premarket on the last check thursday