Key TakeawaysNike is scheduled to report earnings after the bell Thursday, its first quarterly release since new CEO Elliott Hill took over in October.The athletic apparel giant's sales and stock have been pressured this year as it has faced new competition in the U.S. and China.Last quarter, the company withdrew its guidance for fiscal 2025 to allow for new projections with Hill as leader. Nike (NKE) is set to report fiscal second-quarter earnings after the market closes Thursday, its first quarterly resu ...

Nike (NKE) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended November 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on December 19, 2024, might help the stock move higher if these key numbers are better than expecta ...

NIKE Inc. (NKE) shares rose 2.8% yesterday following the announcement of a transformative 10-year extension to its longstanding partnership with the National Football League (“NFL”). The renewed agreement solidifies their commitment to advancing football through growth, innovation and progress.Through the deal, NIKE is set to redefine its role in the game and further strengthen its alliance as the exclusive provider of uniforms, sideline gear and performance apparel for all 32 NFL teams for over a decade. F ...

Nike has renewed its partnership with the National Football League for another 10 years after the league briefly opened the bidding process to competitors and held talks with other companies. Under the terms of the deal, Nike will continue to be the exclusive provider of uniforms and sideline, practice and base layer apparel for all 32 NFL teams through 2038. Nike has been the NFL's exclusive apparel provider since 2012. "This partnership renewal is a testament to the strength and success of our collaborati ...

Core Insights - Nike is identified as a high Return on Invested Capital (ROIC) business with sustainable competitive advantages, currently trading at a fair price [1] - The ownership structure, board, and executive team are aligned with strong incentives, indicating a commitment to the company's success [1] - Nike has a straightforward capital allocation policy that is designed to appeal to value investors [1] Company Analysis - The company operates under the principles of good businesses, alignment of interests, margin of safety, and superior capital allocation [1] - Nike's management has a vested interest in the company's performance, which enhances accountability and strategic decision-making [1] - The investment philosophy emphasizes deep value, growth at a reasonable price, and special situations, indicating a comprehensive approach to investment opportunities [1]

Core Viewpoint - Needham analyst Tom Nikic initiated coverage on Nike, Inc. with a Buy rating and a price target of $84, indicating optimism about the company's future following a significant leadership change [1] Group 1: Leadership Transition - The recent CEO transition from John Donohoe to Elliott Hill is viewed as a pivotal moment for Nike, with Hill being referred to as "Nike's proverbial white knight" [1] - Management's acknowledgment of past mistakes and their decisive corrective actions are seen as positive steps for the company [1] Group 2: Financial Projections - Although short-term profit pressures are expected due to strategic adjustments, these moves are considered necessary for long-term brand rebuilding [2] - The consensus FY25 EPS forecast for Nike has significantly decreased from approximately $6.60 three years ago to $2.75 currently, reflecting the adjustments needed [2][3] - Nikic projects FY25 revenues for Nike to be $47.383 billion, with an EPS of $2.67 [4] Group 3: Market Outlook - Revenue declines are anticipated to peak in the second half of 2024 and the first half of 2025 as Nike reduces over-distributed styles [3] - If revenue trends improve and the EPS revision cycle turns positive, there is potential for Nike's stock to start rising [3]

NIKE Inc. (NKE) has been on a growth trajectory, backed by its strong market share and popular brands. However, the current forward 12-month price-to-sales (P/S) multiple of 2.28X raises concerns about whether the stock's valuation is justified. This multiple is significantly higher than the Zacks Shoes and Retail Apparel industry average of 2.18X, making the stock seem relatively expensive.At 2.28X P/S, the Swoosh brand owner is trading at a much higher valuation than its competitors. Its competitors, such ...

Despite the fact that it still sits in the top spot in its space, engineering a rebound might take time. In its latest quarterly report, management didn't provide any guidance. For that, we'll have to wait until the new CEO strategizes the company's way forward.Some of the declines Nike endured during its fiscal first quarter were actually intentional -- the expected results of the company pivoting away from some of its previous strategies. For example, it cut the amount of inventory going to its direct-to- ...

Nike (NKE) closed the latest trading day at $73.91, indicating a -1.31% change from the previous session's end. The stock trailed the S&P 500, which registered a daily gain of 0.4%. At the same time, the Dow lost 0.28%, and the tech-heavy Nasdaq gained 1.04%.Shares of the athletic apparel maker have depreciated by 8.09% over the course of the past month, underperforming the Consumer Discretionary sector's gain of 5.04% and the S&P 500's gain of 0.62%.Market participants will be closely following the financi ...

More than a few companies that did well in the past are out of favor with investors. And that could spell opportunity. The S&P 500 (^GSPC 0.38%) has a lot of winners in its ranks, which is why the famous stock market barometer is up more than 31% since the start of 2024 as I write this. Yet in any collection numbering hundreds of stocks, there are bound to be some laggards, and that's the case with this closely watched index. As we prepare to leave this year behind, this is a look at a now-undervalued pair ...