In the latest trading session, Nike (NKE) closed at $36.22, marking a -2.25% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 0.45% for the day. Meanwhile, the Dow experienced a drop of 0.63%, and the technology-dominated Nasdaq saw a decrease of 0.78%.
Shares of the athletic apparel maker have depreciated by 5.22% over the course of the past month, underperforming the Consumer Discretionary sector's loss of 4.05%, and the S&P 500's loss of 1.99%.
The investment community will be closely monitoring the performance of Nike in its forthcoming earnings report. The company is scheduled to release its earnings on October 1, 2026. The company is predicted to post an EPS of $0.45, indicating a 8.16% decline compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $11.43 billion, indicating a 2.44% downward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.69 per share and a revenue of $45.98 billion, representing changes of +6.96% and -0.91%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Nike. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.26% lower. Right now, Nike possesses a Zacks Rank of #3 (Hold).
Looking at valuation, Nike is presently trading at a Forward P/E ratio of 21.86. This denotes a premium relative to the industry average Forward P/E of 13.93.
We can also see that NKE currently has a PEG ratio of 1.87. 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 1.33 based on yesterday's closing prices.
The Shoes and Retail Apparel industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 195, finds itself in the bottom 21% echelons 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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