Retailers are facing a variety of issues from weaker in-store sales to laying off workers. Yahoo Finance’s Reggie Wade joins the On The Move panel to discuss what investors should expect ahead of Nike's earnings report.

Video Transcript

JULIE HYMAN: You're watching Yahoo Finance live. I'm Julie Hyman. And even as we are amidst the coronavirus and all of the headlines coming about it, we're also about to get into more earnings reports. So it should be quite telling what we're hearing from companies.

One of them is Nike. That company is actually scheduled to report after the close of trading today. Our Reggie Wade covers the sneaker companies for us, and he joins us now.

Reggie, those Nike shares are rallying today, along with the rest of market. They're up about 11 and 1/2%. Of course, they have fallen along with the rest of the market too. What should we be expecting from the company?

REGGIE WADE: Well, really, we don't know what to expect. And you talk to analyst after analyst, and they say, you know, one thing that investors are looking for is Nike to reassure them that they could put a floor underneath them. These earnings that come out, Nike is expected to pull in $9.87 billion in revenue and have EPS of $0.58. So if they could come out with numbers like that, I think that would ease investors.

And the coronavirus impact is going to be felt a little bit on this report, because they did close stores in February. So we'll see some of that. But it isn't till Q4 where we'll really get the tale of the tape on how corona has impacted the stock and the company.

JULIE HYMAN: Yeah, it should be-- it should be quite interesting to see if people are buying sneakers at home or not, you know.