How much will expenses related to the World Cup weigh on Nike's earnings? Nike is expected to report fourth-quarter and full year earnings after the markets close on Thursday. Consensus estimates are calling for the sports apparel and footwear company to post quarterly earnings of $0.75 cents a share on revenue of $7.3 billion, up 10% from a year earlier. D.A. Davidson analyst Andrew Burns says the quarter historically is not set-up for positive earnings surprises and that Nike's spending related to the FIFA World Cup creates further uncertainty. Canaccord Genuity analyst Camilo Lyon is worried about pressure to Nike's gross margin from rising expenses from leathers, chemicals and labor. TheStreet's Laurie Kulikowski reports.

More from Video

Facebook's Earnings Beat and 4 Other Stories You Must Know Premarket Thursday

Facebook's Earnings Beat and 4 Other Stories You Must Know Premarket Thursday

Let the Najarian Brothers Crash-Proof Portfolio

Let the Najarian Brothers Crash-Proof Portfolio

Let the Najarian Brothers Help You Generate Income With Options

Let the Najarian Brothers Help You Generate Income With Options

Investors Shouldn't Be Worried About Trump's Trade Tariffs: Ian Bremmer

Investors Shouldn't Be Worried About Trump's Trade Tariffs: Ian Bremmer

Abercrombie & Fitch CEO Reveals to TheStreet How She Is Turning Company Around

Abercrombie & Fitch CEO Reveals to TheStreet How She Is Turning Company Around