Is Trending Stock NIKE, Inc. (NKE) a Buy Now?

Core Viewpoint - Nike has experienced a decline in stock performance recently, with a return of -5.7% over the past month, underperforming the Zacks S&P 500 composite's -0.9% change and the Zacks Shoes and Retail Apparel industry's -7% loss [1] Earnings Estimate Revisions - Nike is expected to post earnings of $0.85 per share for the current quarter, reflecting a year-over-year increase of +28.8%, although the Zacks Consensus Estimate has decreased by -2.7% over the last 30 days [3] - The consensus earnings estimate for the current fiscal year is $3.73, indicating a +15.5% change from the previous year, with a +4.9% increase in the estimate over the last month [3] - For the next fiscal year, the consensus estimate is $3.94, showing a +5.5% change, but this estimate has decreased by -6% recently [3] - Nike holds a Zacks Rank of 3 (Hold), influenced by recent changes in earnings estimates and other related factors [3] Revenue Growth Forecast - The consensus sales estimate for the current quarter is $12.91 billion, indicating a year-over-year change of +0.7% [5] - For the current fiscal year, the sales estimate is $51.66 billion, reflecting a +0.9% change, while the next fiscal year's estimate is $52.56 billion, indicating a +1.8% change [5] Last Reported Results and Surprise History - In the last reported quarter, Nike generated revenues of $12.43 billion, a year-over-year increase of +0.3%, and an EPS of $0.98 compared to $0.79 a year ago [6] - The reported revenues exceeded the Zacks Consensus Estimate of $12.28 billion by +1.22%, and the EPS surprise was +42.03% [6] - Over the last four quarters, Nike surpassed consensus EPS estimates three times and topped revenue estimates two times [7] Valuation - Nike's valuation metrics, including price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), are essential for assessing whether the stock is fairly valued [8] - The Zacks Value Style Score grades Nike as D, indicating it is trading at a premium compared to its peers [9]