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Nike (NKE) Stock Drops Despite Market Gains: Important Facts to Note
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Nike (NKE - Free Report) closed at $70.89 in the latest trading session, marking a -1.68% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.49%. On the other hand, the Dow registered a gain of 0.38%, and the technology-centric Nasdaq increased by 0.72%.
The stock of athletic apparel maker has fallen by 5.36% in the past month, lagging the Consumer Discretionary sector's gain of 1.34% and the S&P 500's gain of 2.99%.
Analysts and investors alike will be keeping a close eye on the performance of Nike in its upcoming earnings disclosure. The company's earnings report is set to go public on September 30, 2025. The company is expected to report EPS of $0.28, down 60% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $10.98 billion, down 5.23% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.68 per share and a revenue of $45.72 billion, signifying shifts of -22.22% and -1.26%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Nike. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been a 0.17% fall in the Zacks Consensus EPS estimate. Nike presently features a Zacks Rank of #3 (Hold).
Digging into valuation, Nike currently has a Forward P/E ratio of 42.86. This indicates a premium in contrast to its industry's Forward P/E of 22.21.
We can additionally observe that NKE currently boasts a PEG ratio of 2.61. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Shoes and Retail Apparel stocks are, on average, holding a PEG ratio of 1.02 based on yesterday's closing prices.
The Shoes and Retail Apparel industry is part of the Consumer Discretionary sector. With its current Zacks Industry Rank of 158, this industry ranks in the bottom 37% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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) Stock Drops Despite Market Gains: Important Facts to Note
Nike (NKE - Free Report) closed at $70.89 in the latest trading session, marking a -1.68% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.49%. On the other hand, the Dow registered a gain of 0.38%, and the technology-centric Nasdaq increased by 0.72%.
The stock of athletic apparel maker has fallen by 5.36% in the past month, lagging the Consumer Discretionary sector's gain of 1.34% and the S&P 500's gain of 2.99%.
Analysts and investors alike will be keeping a close eye on the performance of Nike in its upcoming earnings disclosure. The company's earnings report is set to go public on September 30, 2025. The company is expected to report EPS of $0.28, down 60% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $10.98 billion, down 5.23% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.68 per share and a revenue of $45.72 billion, signifying shifts of -22.22% and -1.26%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Nike. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been a 0.17% fall in the Zacks Consensus EPS estimate. Nike presently features a Zacks Rank of #3 (Hold).
Digging into valuation, Nike currently has a Forward P/E ratio of 42.86. This indicates a premium in contrast to its industry's Forward P/E of 22.21.
We can additionally observe that NKE currently boasts a PEG ratio of 2.61. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Shoes and Retail Apparel stocks are, on average, holding a PEG ratio of 1.02 based on yesterday's closing prices.
The Shoes and Retail Apparel industry is part of the Consumer Discretionary sector. With its current Zacks Industry Rank of 158, this industry ranks in the bottom 37% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.