Nike (NKE) Stock Slides as Market Rises: Facts to Know Before You Trade

Company Performance - Nike's stock closed at $76.78, reflecting a -1.04% change from the previous trading day, underperforming the S&P 500 which gained 0.24% [1] - Over the last month, Nike's shares increased by 6.04%, lagging behind the Consumer Discretionary sector's gain of 8.73% and outperforming the S&P 500's gain of 2.37% [2] Upcoming Earnings - The upcoming earnings release is expected to show an EPS of $0.28, a significant decline of 71.43% compared to the same quarter last year, with projected revenue of $11.15 billion, down 10.31% year-over-year [3] - Full-year estimates predict earnings of $2.05 per share and revenue of $46.32 billion, representing year-over-year declines of -48.1% and -9.81% respectively [4] Analyst Estimates and Valuation - Recent changes in analyst estimates for Nike indicate a correlation with near-term share price momentum, with a consensus EPS projection moving 2.48% lower in the past 30 days [5][6] - Nike currently has a Zacks Rank of 4 (Sell), indicating a less favorable outlook compared to its peers [6] - The company's Forward P/E ratio stands at 37.91, significantly higher than the industry average of 14.13 [7] Industry Context - Nike's PEG ratio is 2.53, compared to the average PEG ratio of 1.74 for Shoes and Retail Apparel stocks [8] - The Shoes and Retail Apparel industry is ranked 204 out of over 250 industries, placing it in the bottom 19% of the Zacks Industry Rank [9]