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Nike (NKE) Registers a Bigger Fall Than the Market: Important Facts to Note
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Nike (NKE - Free Report) closed at $35.78 in the latest trading session, marking a -1.21% move from the prior day. This move lagged the S&P 500's daily loss of 0.45%. Elsewhere, the Dow saw a downswing of 1.21%, while the tech-heavy Nasdaq depreciated by 0.01%.
Shares of the athletic apparel maker have depreciated by 9.59% over the course of the past month, underperforming the Consumer Discretionary sector's loss of 5.62%, and the S&P 500's loss of 2.43%.
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 October 1, 2026. The company's earnings per share (EPS) are projected to be $0.44, reflecting a 10.2% decrease from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $11.43 billion, down 2.51% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.69 per share and revenue of $45.92 billion. These totals would mark changes of +6.96% and -1.04%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Nike. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 0.53% fall in the Zacks Consensus EPS estimate. As of now, Nike holds a Zacks Rank of #4 (Sell).
With respect to valuation, Nike is currently being traded at a Forward P/E ratio of 21.47. This valuation marks a premium compared to its industry average Forward P/E of 13.64.
Also, we should mention that NKE has a PEG ratio of 1.83. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Shoes and Retail Apparel industry stood at 1.3 at the close of the market yesterday.
The Shoes and Retail Apparel industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 213, which puts it in the bottom 14% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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) Registers a Bigger Fall Than the Market: Important Facts to Note
Nike (NKE - Free Report) closed at $35.78 in the latest trading session, marking a -1.21% move from the prior day. This move lagged the S&P 500's daily loss of 0.45%. Elsewhere, the Dow saw a downswing of 1.21%, while the tech-heavy Nasdaq depreciated by 0.01%.
Shares of the athletic apparel maker have depreciated by 9.59% over the course of the past month, underperforming the Consumer Discretionary sector's loss of 5.62%, and the S&P 500's loss of 2.43%.
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 October 1, 2026. The company's earnings per share (EPS) are projected to be $0.44, reflecting a 10.2% decrease from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $11.43 billion, down 2.51% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.69 per share and revenue of $45.92 billion. These totals would mark changes of +6.96% and -1.04%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Nike. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 0.53% fall in the Zacks Consensus EPS estimate. As of now, Nike holds a Zacks Rank of #4 (Sell).
With respect to valuation, Nike is currently being traded at a Forward P/E ratio of 21.47. This valuation marks a premium compared to its industry average Forward P/E of 13.64.
Also, we should mention that NKE has a PEG ratio of 1.83. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Shoes and Retail Apparel industry stood at 1.3 at the close of the market yesterday.
The Shoes and Retail Apparel industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 213, which puts it in the bottom 14% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.