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In the latest trading session, Nike (NKE) closed at $168.85, marking a -0.14% move from the previous day. This move lagged the S&P 500's daily of 0%.
Prior to today's trading, shares of the athletic apparel maker had gained 7.01% over the past month. This has outpaced the Consumer Discretionary sector's gain of 2.98% and lagged the S&P 500's gain of 7.79% in that time.
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%. Meanwhile, our latest consensus estimate is calling for revenue of $11.23 billion, down 0.09% from the prior-year quarter.
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 should also note any recent changes to analyst estimates for NKE. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. NKE is holding a Zacks Rank of #4 (Sell) right now.
Digging into valuation, NKE currently has a Forward P/E ratio of 47.44. This valuation marks a premium compared to its industry's average Forward P/E of 20.1.
Investors should also note that NKE has a PEG ratio of 3.26 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. The Shoes and Retail Apparel industry currently had an average PEG ratio of 1.21 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 246, which puts it in the bottom 4% 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.
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NIKE, Inc. (NKE) : Free Stock Analysis Report
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