The research firm expects Nike's fourth-quarter fiscal 2025 results to align with Street estimates of $10.7 billion in revenue, representing a 15% year-over-year decline, and earnings per share of $0.12 in what it describes as a "messy quarter" affected by timing shifts, tariffs, and cleanup actions. Despite these challenges, Nike maintains strong financial fundamentals, with InvestingPro data showing a 23-year streak of dividend increases and a current yield of 2.68%. Stifel anticipates Nike management will provide conservative guidance and likely refrain from offering a complete fiscal year 2026 outlook, while projecting the company could achieve flat revenue of approximately $46 billion for the year, aided by favorable foreign exchange rates. The firm expects Nike's marketplace cleanup actions will continue to cause revenue declines through the first half of fiscal 2026, with a potential revenue inflection possible in the second half against easier year-over-year comparisons.