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Your Two Minute Earnings Preview for Nike (NKE) Stock
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.
NIKE INC-B Price, Consensus and EPS Surprise
NIKE INC-B Price, Consensus and EPS Surprise | NIKE INC-B Quote
Nike reports after the bell on September 27th and we are looking for 56 cents a share in earnings from the company. Make sure to watch the video for a quick guide to NKE heading into the report, but if you want to trade NKE stock, then make sure to watch Dave Bartosiak’s Live Trader for some option insights ahead of the report.