NIKE, Inc. (NKE) is Attracting Investor Attention: Here is What You Should Know

19.06.24 15:00 Uhr

Werte in diesem Artikel
Aktien

67,73 EUR -0,12 EUR -0,18%

Indizes

PKT PKT

40.358,1 PKT -57,4 PKT -0,14%

2.688,6 PKT -1,4 PKT -0,05%

5.555,7 PKT -8,7 PKT -0,16%

Nike (NKE) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this athletic apparel maker have returned +2.1%, compared to the Zacks S&P 500 composite's +3.6% change. During this period, the Zacks Shoes and Retail Apparel industry, which Nike falls in, has gained 4.1%. The key question now is: What could be the stock's future direction?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 RevisionsRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.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 +0.7%.For the current fiscal year, the consensus earnings estimate of $3.76 points to a change of +16.4% from the prior year. Over the last 30 days, this estimate has changed +0.1%.For the next fiscal year, the consensus earnings estimate of $3.95 indicates a change of +5.3% from what Nike is expected to report a year ago. Over the past month, the estimate has changed +0.1%.Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Nike is rated Zacks Rank #3 (Hold).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 $12.91 billion for the current quarter points to a year-over-year change of +0.7%. The $51.67 billion and $52.37 billion estimates for the current and next fiscal years indicate changes of +0.9% and +1.4%, 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.Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it 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.Bottom LineThe 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.Top 5 Dividend Stocks for Your RetirementZacks targets 5 well-established companies with solid fundamentals and a history of raising dividends. More importantly, they have the resources and will to likely pay them in the future.Click now for a Special Report packed with unconventional wisdom and insights you simply won’t get from your neighborhood financial planner.See our Top 5 now – the report is FREE >>Want 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

Ausgewählte Hebelprodukte auf Here

Mit Knock-outs können spekulative Anleger überproportional an Kursbewegungen partizipieren. Wählen Sie einfach den gewünschten Hebel und wir zeigen Ihnen passende Open-End Produkte auf Here

NameHebelKOEmittent
NameHebelKOEmittent
Wer­bung

Quelle: Zacks

Nachrichten zu Nike Inc.

Analysen zu Nike Inc.

DatumRatingAnalyst
05.07.2024Nike Sector PerformRBC Capital Markets
04.07.2024Nike BuyGoldman Sachs Group Inc.
02.07.2024Nike Sector PerformRBC Capital Markets
01.07.2024Nike OutperformBernstein Research
28.06.2024Nike HaltenDZ BANK
DatumRatingAnalyst
04.07.2024Nike BuyGoldman Sachs Group Inc.
01.07.2024Nike OutperformBernstein Research
28.06.2024Nike BuyGoldman Sachs Group Inc.
26.06.2024Nike BuyUBS AG
20.06.2024Nike OverweightJP Morgan Chase & Co.
DatumRatingAnalyst
05.07.2024Nike Sector PerformRBC Capital Markets
02.07.2024Nike Sector PerformRBC Capital Markets
28.06.2024Nike HaltenDZ BANK
28.06.2024Nike NeutralUBS AG
28.06.2024Nike NeutralJP Morgan Chase & Co.
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"