Investors Heavily Search NIKE, Inc. (NKE): Here is What You Need to Know

23.05.24 15:00 Uhr

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Nike (NKE) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this athletic apparel maker have returned -2.3% over the past month versus the Zacks S&P 500 composite's +6.1% change. The Zacks Shoes and Retail Apparel industry, to which Nike belongs, has lost 0.2% over this period. Now the key question is: Where could the stock be headed in the near term?Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.Earnings Estimate RevisionsHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.Nike is expected to post earnings of $0.86 per share for the current quarter, representing a year-over-year change of +30.3%. Over the last 30 days, the Zacks Consensus Estimate has changed +0.8%.For the current fiscal year, the consensus earnings estimate of $3.73 points to a change of +15.5% from the prior year. Over the last 30 days, this estimate has remained unchanged.For the next fiscal year, the consensus earnings estimate of $3.95 indicates a change of +5.9% from what Nike is expected to report a year ago. Over the past month, the estimate has changed +0.4%.With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Nike.The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:12 Month EPSProjected Revenue GrowthWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.In the case of Nike, the consensus sales estimate of $12.92 billion for the current quarter points to a year-over-year change of +0.7%. The $51.66 billion and $52.56 billion estimates for the current and next fiscal years indicate changes of +0.9% and +1.7%, respectively.Last Reported Results and Surprise HistoryNike reported revenues of $12.43 billion in the last reported quarter, representing a year-over-year change of +0.3%. EPS of $0.98 for the same period compares with $0.79 a year ago.Compared to the Zacks Consensus Estimate of $12.28 billion, the reported revenues represent a surprise of +1.22%. The EPS surprise was +42.03%.Over the last four quarters, Nike surpassed consensus EPS estimates three times. The company topped consensus revenue estimates two times over this period.ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.Nike is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Nike. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.Research Chief Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NIKE, Inc. (NKE): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks

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Quelle: Zacks

Nachrichten zu Nike Inc.

Analysen zu Nike Inc.

DatumRatingAnalyst
13:26Nike HoldJefferies & Company Inc.
20.06.2024Nike OverweightJP Morgan Chase & Co.
20.06.2024Nike OverweightBarclays Capital
18.06.2024Nike BuyUBS AG
14.06.2024Nike BuyDeutsche Bank AG
DatumRatingAnalyst
20.06.2024Nike OverweightJP Morgan Chase & Co.
20.06.2024Nike OverweightBarclays Capital
18.06.2024Nike BuyUBS AG
14.06.2024Nike BuyDeutsche Bank AG
12.06.2024Nike BuyGoldman Sachs Group Inc.
DatumRatingAnalyst
13:26Nike HoldJefferies & Company Inc.
05.06.2024Nike Sector PerformRBC Capital Markets
03.06.2024Nike HoldJefferies & Company Inc.
03.06.2024Nike Sector PerformRBC Capital Markets
24.05.2024Nike Sector PerformRBC Capital Markets
DatumRatingAnalyst
22.08.2023Nike VerkaufenDZ BANK
30.06.2023Nike VerkaufenDZ BANK
14.06.2022Nike HoldHSBC
25.06.2021Nike VerkaufenDZ BANK
23.04.2021Nike VerkaufenDZ BANK

Um die Übersicht zu verbessern, haben Sie die Möglichkeit, die Analysen für Nike Inc. nach folgenden Kriterien zu filtern.

Alle: Alle Empfehlungen

Buy: Kaufempfehlungen wie z.B. "kaufen" oder "buy"
Hold: Halten-Empfehlungen wie z.B. "halten" oder "neutral"
Sell: Verkaufsempfehlungn wie z.B. "verkaufen" oder "reduce"