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Nike (NKE) Stock Dips While Market Gains: Key Facts
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Nike (NKE - Free Report) closed at $44.93 in the latest trading session, marking a -2.24% move from the prior day. This move lagged the S&P 500's daily gain of 0.5%. Elsewhere, the Dow saw an upswing of 0.7%, while the tech-heavy Nasdaq appreciated by 0.31%.
Shares of the athletic apparel maker have appreciated by 9.38% over the course of the past month, outperforming the Consumer Discretionary sector's gain of 1.82%, and the S&P 500's loss of 0.23%.
The upcoming earnings release of Nike will be of great interest to investors. The company's earnings report is expected on June 30, 2026. The company's upcoming EPS is projected at $0.11, signifying a 21.43% drop compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $10.87 billion, down 2.03% from the year-ago period.
NKE's full-year Zacks Consensus Estimates are calling for earnings of $1.49 per share and revenue of $46.36 billion. These results would represent year-over-year changes of -31.02% and +0.11%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for Nike. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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, there's been a 1.67% fall in the Zacks Consensus EPS estimate. Nike presently features a Zacks Rank of #4 (Sell).
Looking at valuation, Nike is presently trading at a Forward P/E ratio of 24.83. This signifies a premium in comparison to the average Forward P/E of 16.01 for its industry.
We can also see that NKE currently has a PEG ratio of 1.99. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. NKE's industry had an average PEG ratio of 1.93 as of yesterday's close.
The Shoes and Retail Apparel industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 94, placing it within the top 39% of over 250 industries.
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 Dips While Market Gains: Key Facts
Nike (NKE - Free Report) closed at $44.93 in the latest trading session, marking a -2.24% move from the prior day. This move lagged the S&P 500's daily gain of 0.5%. Elsewhere, the Dow saw an upswing of 0.7%, while the tech-heavy Nasdaq appreciated by 0.31%.
Shares of the athletic apparel maker have appreciated by 9.38% over the course of the past month, outperforming the Consumer Discretionary sector's gain of 1.82%, and the S&P 500's loss of 0.23%.
The upcoming earnings release of Nike will be of great interest to investors. The company's earnings report is expected on June 30, 2026. The company's upcoming EPS is projected at $0.11, signifying a 21.43% drop compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $10.87 billion, down 2.03% from the year-ago period.
NKE's full-year Zacks Consensus Estimates are calling for earnings of $1.49 per share and revenue of $46.36 billion. These results would represent year-over-year changes of -31.02% and +0.11%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for Nike. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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, there's been a 1.67% fall in the Zacks Consensus EPS estimate. Nike presently features a Zacks Rank of #4 (Sell).
Looking at valuation, Nike is presently trading at a Forward P/E ratio of 24.83. This signifies a premium in comparison to the average Forward P/E of 16.01 for its industry.
We can also see that NKE currently has a PEG ratio of 1.99. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. NKE's industry had an average PEG ratio of 1.93 as of yesterday's close.
The Shoes and Retail Apparel industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 94, placing it within the top 39% of over 250 industries.
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.