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Nike (NKE) Gains As Market Dips: What You Should Know
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Nike (NKE - Free Report) closed at $74.90 in the latest trading session, marking a +0.93% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.43%. Elsewhere, the Dow lost 0.5%, while the tech-heavy Nasdaq added 0.26%.
Heading into today, shares of the athletic apparel maker had lost 13.07% over the past month, lagging the Consumer Discretionary sector's loss of 5.92% and the S&P 500's loss of 4.68% in that time.
Wall Street will be looking for positivity from NKE as it approaches its next earnings report date. This is expected to be December 20, 2018. The company is expected to report EPS of $0.45, down 2.17% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $9.14 billion, up 6.9% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.62 per share and revenue of $39.05 billion, which would represent changes of +8.26% and +7.29%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for NKE. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 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. Within the past 30 days, our consensus EPS projection has moved 0.05% higher. NKE is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, NKE currently has a Forward P/E ratio of 28.27. This represents a premium compared to its industry's average Forward P/E of 15.83.
Investors should also note that NKE has a PEG ratio of 2.46 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. NKE's industry had an average PEG ratio of 1.52 as of yesterday's close.
The Shoes and Retail Apparel industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 34, which puts it in the top 13% 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.
To follow NKE in the coming trading sessions, be sure to utilize Zacks.com.
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Nike (NKE) Gains As Market Dips: What You Should Know
Nike (NKE - Free Report) closed at $74.90 in the latest trading session, marking a +0.93% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.43%. Elsewhere, the Dow lost 0.5%, while the tech-heavy Nasdaq added 0.26%.
Heading into today, shares of the athletic apparel maker had lost 13.07% over the past month, lagging the Consumer Discretionary sector's loss of 5.92% and the S&P 500's loss of 4.68% in that time.
Wall Street will be looking for positivity from NKE as it approaches its next earnings report date. This is expected to be December 20, 2018. The company is expected to report EPS of $0.45, down 2.17% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $9.14 billion, up 6.9% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.62 per share and revenue of $39.05 billion, which would represent changes of +8.26% and +7.29%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for NKE. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 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. Within the past 30 days, our consensus EPS projection has moved 0.05% higher. NKE is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, NKE currently has a Forward P/E ratio of 28.27. This represents a premium compared to its industry's average Forward P/E of 15.83.
Investors should also note that NKE has a PEG ratio of 2.46 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. NKE's industry had an average PEG ratio of 1.52 as of yesterday's close.
The Shoes and Retail Apparel industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 34, which puts it in the top 13% 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.
To follow NKE in the coming trading sessions, be sure to utilize Zacks.com.