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

11.06.24 23:45 Uhr

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67,52 EUR 0,11 EUR 0,16%

664,00 JPY -3,00 JPY -0,45%

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PKT PKT

40.000,9 PKT 247,2 PKT 0,62%

2.725,8 PKT 12,2 PKT 0,45%

5.615,4 PKT 30,8 PKT 0,55%

The most recent trading session ended with Nike (NKE) standing at $95.87, reflecting a -0.14% shift from the previouse trading day's closing. This change lagged the S&P 500's daily gain of 0.27%. Elsewhere, the Dow lost 0.31%, while the tech-heavy Nasdaq added 0.88%.Shares of the athletic apparel maker witnessed a gain of 3.54% over the previous month, beating the performance of the Consumer Discretionary sector with its gain of 1.03% and the S&P 500's gain of 2.85%.Market participants will be closely following the financial results of Nike in its upcoming release. The company plans to announce its earnings on June 27, 2024. The company's earnings per share (EPS) are projected to be $0.86, reflecting a 30.3% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $12.91 billion, up 0.68% from the year-ago period.It is also important to note the recent changes to analyst estimates for Nike. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. At present, Nike boasts a Zacks Rank of #3 (Hold).Valuation is also important, so investors should note that Nike has a Forward P/E ratio of 24.3 right now. This represents a premium compared to its industry's average Forward P/E of 16.83.Meanwhile, NKE's PEG ratio is currently 1.75. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Shoes and Retail Apparel stocks are, on average, holding a PEG ratio of 1.79 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 23, finds itself in the top 10% echelons of all 250+ industries.The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.Where Will Stocks Go…If Biden Wins? If Trump Wins?The answers may surprise you.Since 1950, even after negative midterm years, the market has never had a lower presidential election year. With voters energized and engaged, the market has been almost unrelentingly bullish no matter which party wins!Now is the time to download Zacks' free Special Report with 5 stocks that offer extreme upside for both Democrats and Republicans…1. Medical manufacturer has gained +11,000% in the last 15 years.2. Rental company is absolutely crushing its sector.3. Energy powerhouse plans to grow its already large dividend by 25%.4. Aerospace and defense standout just landed a potentially $80 billion contract.5. Giant Chipmaker is building huge plants in the U.S. Hurry, Download Special Report 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

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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"