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Nike (NKE) Falls More Steeply Than Broader Market: What Investors Need to Know
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Nike (NKE - Free Report) ended the recent trading session at $41.82, demonstrating a -1.32% change from the preceding day's closing price. This change lagged the S&P 500's 0.1% loss on the day. Meanwhile, the Dow gained 0.35%, and the Nasdaq, a tech-heavy index, lost 0.43%.
The stock of athletic apparel maker has fallen by 5.7% in the past month, lagging the Consumer Discretionary sector's loss of 1.78% and the S&P 500's loss of 1.34%.
The investment community will be paying close attention to the earnings performance of Nike in its upcoming release. The company is slated to reveal its earnings on June 30, 2026. The company's earnings per share (EPS) are projected to be $0.11, reflecting a 21.43% decrease from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $10.88 billion, showing a 1.98% drop compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $1.49 per share and a revenue of $46.33 billion, demonstrating changes of -31.02% and +0.05%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Nike. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health 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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. As of now, Nike holds a Zacks Rank of #5 (Strong Sell).
In terms of valuation, Nike is presently being traded at a Forward P/E ratio of 22.89. For comparison, its industry has an average Forward P/E of 13.86, which means Nike is trading at a premium to the group.
It's also important to note that NKE currently trades at a PEG ratio of 1.83. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Shoes and Retail Apparel industry was having an average PEG ratio of 1.77.
The Shoes and Retail Apparel industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 110, placing it within the top 46% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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Nike (NKE) Falls More Steeply Than Broader Market: What Investors Need to Know
Nike (NKE - Free Report) ended the recent trading session at $41.82, demonstrating a -1.32% change from the preceding day's closing price. This change lagged the S&P 500's 0.1% loss on the day. Meanwhile, the Dow gained 0.35%, and the Nasdaq, a tech-heavy index, lost 0.43%.
The stock of athletic apparel maker has fallen by 5.7% in the past month, lagging the Consumer Discretionary sector's loss of 1.78% and the S&P 500's loss of 1.34%.
The investment community will be paying close attention to the earnings performance of Nike in its upcoming release. The company is slated to reveal its earnings on June 30, 2026. The company's earnings per share (EPS) are projected to be $0.11, reflecting a 21.43% decrease from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $10.88 billion, showing a 1.98% drop compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $1.49 per share and a revenue of $46.33 billion, demonstrating changes of -31.02% and +0.05%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Nike. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health 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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. As of now, Nike holds a Zacks Rank of #5 (Strong Sell).
In terms of valuation, Nike is presently being traded at a Forward P/E ratio of 22.89. For comparison, its industry has an average Forward P/E of 13.86, which means Nike is trading at a premium to the group.
It's also important to note that NKE currently trades at a PEG ratio of 1.83. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Shoes and Retail Apparel industry was having an average PEG ratio of 1.77.
The Shoes and Retail Apparel industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 110, placing it within the top 46% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.