NIKE(US:NKE) ZACKS·2024-11-04 23:55Company Performance - Nike's stock closed at $77.19, reflecting a -1.11% change from the previous session, underperforming the S&P 500's daily loss of 0.28% [1] - Over the past month, Nike's shares have decreased by 5.09%, contrasting with the Consumer Discretionary sector's gain of 2.26% and the S&P 500's gain of 0.41% [1] Upcoming Financial Results - Nike is expected to report an EPS of $0.64, which represents a 37.86% decline compared to the same quarter last year [2] - Revenue is anticipated to be $12.18 billion, indicating a 9.01% decrease from the same quarter of the previous year [2] Annual Forecast - The Zacks Consensus Estimates predict earnings of $2.74 per share and revenue of $47.48 billion for the year, reflecting changes of -30.63% and -7.55% respectively compared to the previous year [3] - Recent adjustments to analyst estimates for Nike may indicate near-term business trends, with positive revisions suggesting analyst optimism [3] Valuation Metrics - Nike has a Forward P/E ratio of 28.45, which is significantly higher than the industry average of 16.53, indicating that Nike is trading at a premium [6] - The current PEG ratio for Nike is 1.9, compared to the average PEG ratio of 1.44 for Shoes and Retail Apparel stocks [7] Industry Context - The Shoes and Retail Apparel industry is part of the Consumer Discretionary sector, currently holding a Zacks Industry Rank of 146, placing it in the bottom 43% of all industries [8] - The strength of individual industry groups is measured by the Zacks Industry Rank, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [8]