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Nike (NKE) Outpaces Stock Market Gains: What You Should Know
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Nike (NKE - Free Report) closed the most recent trading day at $172.27, moving +0.29% from the previous trading session. This change outpaced the S&P 500's 0.1% gain on the day.
Prior to today's trading, shares of the athletic apparel maker had gained 6.15% over the past month. This has outpaced the Consumer Discretionary sector's loss of 2.94% and the S&P 500's gain of 1.53% in that time.
NKE will be looking to display strength as it nears its next earnings release. In that report, analysts expect NKE to post earnings of $1.11 per share. This would mark year-over-year growth of 16.84%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $12.53 billion, up 18.28% from the year-ago period.
NKE's full-year Zacks Consensus Estimates are calling for earnings of $4.30 per share and revenue of $50.02 billion. These results would represent year-over-year changes of +20.79% and +12.31%, respectively.
Investors should also note any recent changes to analyst estimates for NKE. These recent revisions tend to reflect the evolving nature of short-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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.91% higher within the past month. NKE is currently sporting a Zacks Rank of #2 (Buy).
In terms of valuation, NKE is currently trading at a Forward P/E ratio of 39.99. This valuation marks a premium compared to its industry's average Forward P/E of 18.6.
Also, we should mention that NKE has a PEG ratio of 2.62. 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. Shoes and Retail Apparel stocks are, on average, holding a PEG ratio of 1.99 based on yesterday's closing prices.
The Shoes and Retail Apparel industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 18, putting it in the top 8% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Nike (NKE) Outpaces Stock Market Gains: What You Should Know
Nike (NKE - Free Report) closed the most recent trading day at $172.27, moving +0.29% from the previous trading session. This change outpaced the S&P 500's 0.1% gain on the day.
Prior to today's trading, shares of the athletic apparel maker had gained 6.15% over the past month. This has outpaced the Consumer Discretionary sector's loss of 2.94% and the S&P 500's gain of 1.53% in that time.
NKE will be looking to display strength as it nears its next earnings release. In that report, analysts expect NKE to post earnings of $1.11 per share. This would mark year-over-year growth of 16.84%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $12.53 billion, up 18.28% from the year-ago period.
NKE's full-year Zacks Consensus Estimates are calling for earnings of $4.30 per share and revenue of $50.02 billion. These results would represent year-over-year changes of +20.79% and +12.31%, respectively.
Investors should also note any recent changes to analyst estimates for NKE. These recent revisions tend to reflect the evolving nature of short-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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.91% higher within the past month. NKE is currently sporting a Zacks Rank of #2 (Buy).
In terms of valuation, NKE is currently trading at a Forward P/E ratio of 39.99. This valuation marks a premium compared to its industry's average Forward P/E of 18.6.
Also, we should mention that NKE has a PEG ratio of 2.62. 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. Shoes and Retail Apparel stocks are, on average, holding a PEG ratio of 1.99 based on yesterday's closing prices.
The Shoes and Retail Apparel industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 18, putting it in the top 8% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.