Nike (NKE) Ascends While Market Falls: Some Facts to Note

Company Performance - Nike's stock closed at $92.72, reflecting a +1.96% increase compared to the previous day, outperforming the S&P 500's daily loss of 0.02% [1] - Over the past month, Nike's stock has decreased by 1.15%, which is better than the Consumer Discretionary sector's loss of 1.98% but worse than the S&P 500's gain of 1.29% [1] - Upcoming earnings are projected to show an EPS of $0.86, a 30.3% increase year-over-year, with revenue expected at $12.92 billion, indicating a 0.71% increase from the same quarter last year [1] Full-Year Estimates - Zacks Consensus Estimates for Nike's full-year earnings are $3.73 per share and revenue of $51.66 billion, representing year-over-year changes of +15.48% and +0.86%, respectively [2] - Analysts' estimate revisions are crucial as they reflect optimism about the company's business and profitability, which correlates with near-term share price momentum [2] Valuation Metrics - Nike has a Zacks Rank of 3 (Hold), with a Forward P/E ratio of 24.38, indicating a premium compared to the industry's average Forward P/E of 16.45 [3] - The PEG ratio for Nike is currently 1.75, while the average PEG ratio for the Shoes and Retail Apparel industry is 1.68 [3] Industry Overview - The Shoes and Retail Apparel industry is part of the Consumer Discretionary sector and holds a Zacks Industry Rank of 68, placing it in the top 27% of over 250 industries [4] - The Zacks Industry Rank assesses the strength of industry groups, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [4]