Nike Earnings Preview: Can the Brand Bounce Back from Q3 Revenue Expectations?

Athletic apparel brand Nike (NKE) is set to report its Q3 earnings this Thursday after the bell.

Last quarter, Nike beat analysts' revenue expectations with revenues of $10.97 billion, a 1.1% year-on-year decline.

This time around, market expectations are for a 3.3% year-over-year revenue decline, a reversal from last year's 1.1% increase.

Nike rarely misses Wall Street's revenue estimates, and analysts covering the company have generally reaffirmed their estimates over the past 30 days.