We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Nike (NKE) Stock Moves -0.54%: What You Should Know
Read MoreHide Full Article
The latest trading session saw Nike (NKE - Free Report) ending at $57.04, denoting a -0.54% adjustment from its last day's close. This change was narrower than the S&P 500's daily loss of 0.77%. On the other hand, the Dow registered a loss of 0.95%, and the technology-centric Nasdaq decreased by 0.87%.
The athletic apparel maker's stock has climbed by 3.13% in the past month, falling short of the Consumer Discretionary sector's gain of 14.18% and the S&P 500's gain of 11.54%.
Analysts and investors alike will be keeping a close eye on the performance of Nike in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.10, reflecting a 90.1% decrease from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $10.65 billion, showing a 15.49% drop compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.15 per share and revenue of $45.87 billion, which would represent changes of -45.57% and -10.7%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Nike. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
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 varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.22% upward. Nike is currently a Zacks Rank #3 (Hold).
From a valuation perspective, Nike is currently exchanging hands at a Forward P/E ratio of 26.68. This expresses a premium compared to the average Forward P/E of 12.47 of its industry.
Meanwhile, NKE's PEG ratio is currently 1.78. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Shoes and Retail Apparel industry currently had an average PEG ratio of 1 as of yesterday's close.
The Shoes and Retail Apparel industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 225, putting it in the bottom 9% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Nike (NKE) Stock Moves -0.54%: What You Should Know
The latest trading session saw Nike (NKE - Free Report) ending at $57.04, denoting a -0.54% adjustment from its last day's close. This change was narrower than the S&P 500's daily loss of 0.77%. On the other hand, the Dow registered a loss of 0.95%, and the technology-centric Nasdaq decreased by 0.87%.
The athletic apparel maker's stock has climbed by 3.13% in the past month, falling short of the Consumer Discretionary sector's gain of 14.18% and the S&P 500's gain of 11.54%.
Analysts and investors alike will be keeping a close eye on the performance of Nike in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.10, reflecting a 90.1% decrease from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $10.65 billion, showing a 15.49% drop compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.15 per share and revenue of $45.87 billion, which would represent changes of -45.57% and -10.7%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Nike. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
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 varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.22% upward. Nike is currently a Zacks Rank #3 (Hold).
From a valuation perspective, Nike is currently exchanging hands at a Forward P/E ratio of 26.68. This expresses a premium compared to the average Forward P/E of 12.47 of its industry.
Meanwhile, NKE's PEG ratio is currently 1.78. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Shoes and Retail Apparel industry currently had an average PEG ratio of 1 as of yesterday's close.
The Shoes and Retail Apparel industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 225, putting it in the bottom 9% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.