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Nike (NKE) Suffers a Larger Drop Than the General Market: Key Insights
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Nike (NKE - Free Report) closed the most recent trading day at $39.06, moving -1.36% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.33%. Meanwhile, the Dow experienced a drop of 0.7%, and the technology-dominated Nasdaq saw a decrease of 0.12%.
The athletic apparel maker's stock has dropped by 5.06% in the past month, falling short of the Consumer Discretionary sector's gain of 2.03% and the S&P 500's gain of 3.87%.
Investors will be eagerly watching for the performance of Nike in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on October 1, 2026. It is anticipated that the company will report an EPS of $0.44, marking a 10.2% fall compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $11.43 billion, down 2.44% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.74 per share and a revenue of $46.24 billion, indicating changes of +10.13% and -0.35%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Nike. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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 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 shifted 0.04% downward. Right now, Nike possesses a Zacks Rank of #3 (Hold).
In the context of valuation, Nike is at present trading with a Forward P/E ratio of 22.77. Its industry sports an average Forward P/E of 12.58, so one might conclude that Nike is trading at a premium comparatively.
It's also important to note that NKE currently trades at a PEG ratio of 1.76. 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 average PEG ratio for the Shoes and Retail Apparel industry stood at 1.59 at the close of the market yesterday.
The Shoes and Retail Apparel industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 44, positioning it in the top 18% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks 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.
View the Zacks #1 Rank List
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Nike (NKE) Suffers a Larger Drop Than the General Market: Key Insights
Nike (NKE - Free Report) closed the most recent trading day at $39.06, moving -1.36% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.33%. Meanwhile, the Dow experienced a drop of 0.7%, and the technology-dominated Nasdaq saw a decrease of 0.12%.
The athletic apparel maker's stock has dropped by 5.06% in the past month, falling short of the Consumer Discretionary sector's gain of 2.03% and the S&P 500's gain of 3.87%.
Investors will be eagerly watching for the performance of Nike in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on October 1, 2026. It is anticipated that the company will report an EPS of $0.44, marking a 10.2% fall compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $11.43 billion, down 2.44% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.74 per share and a revenue of $46.24 billion, indicating changes of +10.13% and -0.35%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Nike. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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 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 shifted 0.04% downward. Right now, Nike possesses a Zacks Rank of #3 (Hold).
In the context of valuation, Nike is at present trading with a Forward P/E ratio of 22.77. Its industry sports an average Forward P/E of 12.58, so one might conclude that Nike is trading at a premium comparatively.
It's also important to note that NKE currently trades at a PEG ratio of 1.76. 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 average PEG ratio for the Shoes and Retail Apparel industry stood at 1.59 at the close of the market yesterday.
The Shoes and Retail Apparel industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 44, positioning it in the top 18% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks 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.