We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Nike (NKE) Stock Sinks As Market Gains: What You Should Know
Read MoreHide Full Article
Nike (NKE - Free Report) closed at $166.34 in the latest trading session, marking a -0.57% move from the prior day. This change lagged the S&P 500's 0.18% gain on the day.
Coming into today, shares of the athletic apparel maker had gained 13.76% in the past month. In that same time, the Consumer Discretionary sector lost 0.49%, while the S&P 500 gained 5.68%.
Wall Street will be looking for positivity from NKE as it approaches its next earnings report date. In that report, analysts expect NKE to post earnings of $0.62 per share. This would mark a year-over-year decline of 20.51%. Our most recent consensus estimate is calling for quarterly revenue of $11.23 billion, down 0.09% from the year-ago period.
NKE's full-year Zacks Consensus Estimates are calling for earnings of $3.56 per share and revenue of $47.11 billion. These results would represent year-over-year changes of 0% and +5.76%, respectively.
Investors might also notice recent changes to analyst estimates for NKE. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 2.18% lower within the past month. NKE is holding a Zacks Rank of #5 (Strong Sell) right now.
Looking at its valuation, NKE is holding a Forward P/E ratio of 46.94. This valuation marks a premium compared to its industry's average Forward P/E of 19.73.
Also, we should mention that NKE has a PEG ratio of 3.22. 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. Shoes and Retail Apparel stocks are, on average, holding a PEG ratio of 1.1 based on yesterday's closing prices.
The Shoes and Retail Apparel industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 181, putting it in the bottom 29% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Nike (NKE) Stock Sinks As Market Gains: What You Should Know
Nike (NKE - Free Report) closed at $166.34 in the latest trading session, marking a -0.57% move from the prior day. This change lagged the S&P 500's 0.18% gain on the day.
Coming into today, shares of the athletic apparel maker had gained 13.76% in the past month. In that same time, the Consumer Discretionary sector lost 0.49%, while the S&P 500 gained 5.68%.
Wall Street will be looking for positivity from NKE as it approaches its next earnings report date. In that report, analysts expect NKE to post earnings of $0.62 per share. This would mark a year-over-year decline of 20.51%. Our most recent consensus estimate is calling for quarterly revenue of $11.23 billion, down 0.09% from the year-ago period.
NKE's full-year Zacks Consensus Estimates are calling for earnings of $3.56 per share and revenue of $47.11 billion. These results would represent year-over-year changes of 0% and +5.76%, respectively.
Investors might also notice recent changes to analyst estimates for NKE. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 2.18% lower within the past month. NKE is holding a Zacks Rank of #5 (Strong Sell) right now.
Looking at its valuation, NKE is holding a Forward P/E ratio of 46.94. This valuation marks a premium compared to its industry's average Forward P/E of 19.73.
Also, we should mention that NKE has a PEG ratio of 3.22. 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. Shoes and Retail Apparel stocks are, on average, holding a PEG ratio of 1.1 based on yesterday's closing prices.
The Shoes and Retail Apparel industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 181, putting it in the bottom 29% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.