Today’s video takes a quick look at Nike (NKE - Free Report) ahead of their earnings report. The company has a great history of beating estimates, but can they keep the streak alive?
It may be tough for NKE this time, at least if we look to the fundamentals of the sector and the stock. The company has a sluggish industry rank, while it was a ‘sell’ ranked stock just a few days ago.
Plus, the company’s earnings ESP is negative, which can often signal that a company is poised to miss estimates, though its full year figures are a bit more promising. Still, the company has weak overall fundamentals, including a ‘D’ VGM score, so the sluggish estimate trend could definitely weigh on this quarter’s release.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Today’s video takes a quick look at Nike (NKE - Free Report) ahead of their earnings report. The company has a great history of beating estimates, but can they keep the streak alive?
It may be tough for NKE this time, at least if we look to the fundamentals of the sector and the stock. The company has a sluggish industry rank, while it was a ‘sell’ ranked stock just a few days ago.
Plus, the company’s earnings ESP is negative, which can often signal that a company is poised to miss estimates, though its full year figures are a bit more promising. Still, the company has weak overall fundamentals, including a ‘D’ VGM score, so the sluggish estimate trend could definitely weigh on this quarter’s release.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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