Nike, Inc. (NKE) just released its fourth-quarter fiscal 2017 results, posting earnings of $0.60 per share and revenues of $8.68 billion. Currently, NKE is a #3 (Hold) on the Zacks Rank, and is up 2.6% to $54.59 per share in trading shortly after its earnings report was released.
Nike:
Beat earnings estimates. The company reported earnings of $0.60 per share, up 22.4% year-over-year, surpassing the Zacks Consensus Estimate of $0.49 per share.
Beat revenue estimates. The company saw total revenues of $8.68 billion, just beating our consensus estimate of $8.61 billion and increasing 5% year-over-year. Revenues increased by double-digits in Western Europe, Greater China and other emerging markets due to extensive growth in Sportswear and Running.
Sales and administrative expenses decreased by 4% to $2.7 billion, while overhead expenses decreased by 1% to $1.9 billion.
Net income for the quarter increased 19% to $1.0 billion, which was mostly due to a global revenue increase, decreased sales and administrative expenses, as well as a smaller tax rate.
Nike, Inc.'s principal business activity involves the design, development and worldwide marketing of high quality footwear, apparel, equipment, and accessory products. NIKE is the one of the largest sellers of athletic footwear and athletic apparel in the world. The company sells its products to retail accounts in the United States and through a mix of independent distributors, licensees and subsidiaries in numerous countries around the world.
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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.
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Nike, Inc. (NKE) just released its fourth-quarter fiscal 2017 results, posting earnings of $0.60 per share and revenues of $8.68 billion. Currently, NKE is a #3 (Hold) on the Zacks Rank, and is up 2.6% to $54.59 per share in trading shortly after its earnings report was released.
Nike:
Beat earnings estimates. The company reported earnings of $0.60 per share, up 22.4% year-over-year, surpassing the Zacks Consensus Estimate of $0.49 per share.
Beat revenue estimates. The company saw total revenues of $8.68 billion, just beating our consensus estimate of $8.61 billion and increasing 5% year-over-year. Revenues increased by double-digits in Western Europe, Greater China and other emerging markets due to extensive growth in Sportswear and Running.
Sales and administrative expenses decreased by 4% to $2.7 billion, while overhead expenses decreased by 1% to $1.9 billion.
Net income for the quarter increased 19% to $1.0 billion, which was mostly due to a global revenue increase, decreased sales and administrative expenses, as well as a smaller tax rate.
Nike, Inc.'s principal business activity involves the design, development and worldwide marketing of high quality footwear, apparel, equipment, and accessory products. NIKE is the one of the largest sellers of athletic footwear and athletic apparel in the world. The company sells its products to retail accounts in the United States and through a mix of independent distributors, licensees and subsidiaries in numerous countries around the world.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2%, respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>>
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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