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Nike (NKE) Stock Moves -0.28%: What You Should Know
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Nike (NKE - Free Report) closed the most recent trading day at $83.26, moving -0.28% from the previous trading session. This change outpaced the S&P 500's 0.56% loss on the day. Meanwhile, the Dow lost 0.35%, and the Nasdaq, a tech-heavy index, lost 1.43%.
Prior to today's trading, shares of the athletic apparel maker had gained 4.3% over the past month. This has outpaced the Consumer Discretionary sector's gain of 1.84% and the S&P 500's gain of 2.44% in that time.
Investors will be hoping for strength from NKE as it approaches its next earnings release, which is expected to be September 25, 2018. The company is expected to report EPS of $0.62, up 8.77% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $9.88 billion, up 8.89% from the year-ago period.
NKE's full-year Zacks Consensus Estimates are calling for earnings of $2.62 per share and revenue of $39.25 billion. These results would represent year-over-year changes of +8.26% and +7.83%, respectively.
Investors should also note any recent changes to analyst estimates for NKE. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.36% higher. NKE is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note NKE's current valuation metrics, including its Forward P/E ratio of 31.83. For comparison, its industry has an average Forward P/E of 17.65, which means NKE is trading at a premium to the group.
Investors should also note that NKE has a PEG ratio of 2.78 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Shoes and Retail Apparel industry currently had an average PEG ratio of 1.57 as of yesterday's close.
The Shoes and Retail Apparel industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 67, which puts it in the top 26% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Nike (NKE) Stock Moves -0.28%: What You Should Know
Nike (NKE - Free Report) closed the most recent trading day at $83.26, moving -0.28% from the previous trading session. This change outpaced the S&P 500's 0.56% loss on the day. Meanwhile, the Dow lost 0.35%, and the Nasdaq, a tech-heavy index, lost 1.43%.
Prior to today's trading, shares of the athletic apparel maker had gained 4.3% over the past month. This has outpaced the Consumer Discretionary sector's gain of 1.84% and the S&P 500's gain of 2.44% in that time.
Investors will be hoping for strength from NKE as it approaches its next earnings release, which is expected to be September 25, 2018. The company is expected to report EPS of $0.62, up 8.77% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $9.88 billion, up 8.89% from the year-ago period.
NKE's full-year Zacks Consensus Estimates are calling for earnings of $2.62 per share and revenue of $39.25 billion. These results would represent year-over-year changes of +8.26% and +7.83%, respectively.
Investors should also note any recent changes to analyst estimates for NKE. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.36% higher. NKE is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note NKE's current valuation metrics, including its Forward P/E ratio of 31.83. For comparison, its industry has an average Forward P/E of 17.65, which means NKE is trading at a premium to the group.
Investors should also note that NKE has a PEG ratio of 2.78 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Shoes and Retail Apparel industry currently had an average PEG ratio of 1.57 as of yesterday's close.
The Shoes and Retail Apparel industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 67, which puts it in the top 26% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.