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The Best Options Trade for Nike (NKE) Earnings

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On Tuesday, September 27th, Nike (NKE - Free Report) will release its Q2 earnings results after the bell. The company is a Zacks Rank #3 (Hold), and they were upgraded within the last 30 days due to a upward revisions in their earnings estimates.

Dave will investigate Nike’s past earnings, look at what is currently going on with the company, and give us his thoughts on their upcoming earnings announcement.

Furthermore, Dave will uncover some potential options trades for investors looking to make a play on Nike ahead of earnings.

To watch this premium stream, you can sign-up to Dave’s new service, Zacks Live Trader, for $9.99 a month. He’ll have one premium stream every week.

Nike in Focus

Nike’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.

Nike is expected to report earnings at $0.56 per share according to the Zacks Consensus Estimate. Last quarter they reported an earnings at $0.49 per share beating the Zack’s Consensus Estimate by $0.01 per share, and they have an average surprise of 8.25% over the last four quarters.

NIKE INC-B Price and EPS Surprise

NIKE INC-B Price and EPS Surprise | NIKE INC-B Quote

Nike is trading around $55.76 a share, and they are near a 52-week low which is $51.48 per share.

The Shoes and Retail Apparel industry is in the Bottom 34% of our Zacks Industry Rank. The apparel and shoe industry can be very finicky at times due to broad economic conditions, and due to strong global competition.

Nike is in a very competitive sector including major competitors such as Adidas (ADDYY - Free Report) and Skechers (SKX - Free Report) . Therefore, investors need to keep in mind Nike has some tough competition.

Bottom Line

Will David be Bearish or Bullish on Nike? David will be giving us his earnings predictions when he goes live on Monday.

But how should investors play Nike ahead of their earnings report? For insights on the best options trades, make sure to watch Dave Bartosiak at 1pm Central time on Monday by signing up for Zacks Live Trader.

In-Depth Zacks Research for the Tickers Above

Normally $25 each - click below to receive one report FREE:

NIKE, Inc. (NKE) - free report >>

Skechers U.S.A., Inc. (SKX) - free report >>

Adidas AG (ADDYY) - free report >>

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