Nike (NKE) Stock Drops Despite Market Gains: Important Facts to Note

20.05.24 23:45 Uhr

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Aktien

88,40 EUR -2,47 EUR -2,72%

659,00 JPY 12,00 JPY 1,85%

Indizes

PKT PKT

39.112,2 PKT -299,1 PKT -0,76%

2.646,7 PKT 19,0 PKT 0,72%

5.469,3 PKT 21,4 PKT 0,39%

Nike (NKE) closed at $91.77 in the latest trading session, marking a -0.44% move from the prior day. This change lagged the S&P 500's 0.09% gain on the day. Meanwhile, the Dow experienced a drop of 0.49%, and the technology-dominated Nasdaq saw an increase of 0.65%.Coming into today, shares of the athletic apparel maker had lost 2.49% in the past month. In that same time, the Consumer Discretionary sector gained 1.96%, while the S&P 500 gained 5.78%.Analysts and investors alike will be keeping a close eye on the performance of Nike in its upcoming earnings disclosure. In that report, analysts expect Nike to post earnings of $0.86 per share. This would mark year-over-year growth of 30.3%. At the same time, our most recent consensus estimate is projecting a revenue of $12.92 billion, reflecting a 0.71% rise from the equivalent quarter last year.Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $3.73 per share and revenue of $51.66 billion, indicating changes of +15.48% and +0.86%, respectively, compared to the previous year.Investors should also take note of any recent adjustments to analyst estimates for Nike. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Nike is currently sporting a Zacks Rank of #3 (Hold).In terms of valuation, Nike is currently trading at a Forward P/E ratio of 24.71. This valuation marks a premium compared to its industry's average Forward P/E of 16.42.It is also worth noting that NKE currently has a PEG ratio of 1.78. 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. As the market closed yesterday, the Shoes and Retail Apparel industry was having an average PEG ratio of 1.73.The Shoes and Retail Apparel industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 22, which puts it in the top 9% 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.Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.Zacks 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.It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>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

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Nachrichten zu Nike Inc.

Analysen zu Nike Inc.

DatumRatingAnalyst
24.06.2024Nike 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
24.06.2024Nike 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"