Nike (NKE) Rises Higher Than Market: Key Facts

Company Performance - Nike's stock closed at $92, reflecting a +0.27% change from the previous session, outperforming the S&P 500's gain of 0.03% for the day [1] - Over the past month, Nike's stock has decreased by 2.46%, underperforming the Consumer Discretionary sector's gain of 0.91% and the S&P 500's gain of 4.19% [1] - The upcoming earnings disclosure is anticipated, with an expected EPS of $0.86, indicating a 30.3% growth year-over-year, and projected net sales of $12.92 billion, up 0.71% from the previous year [1][2] Annual Forecast - The Zacks Consensus Estimates for the entire year forecast earnings of $3.73 per share and revenue of $51.66 billion, representing changes of +15.48% and +0.86% respectively compared to the previous year [2] Analyst Estimates and Valuation - Recent analyst estimate revisions reflect optimism about Nike's business and profitability, with a direct correlation to stock price performance [2] - Nike currently holds a Zacks Rank of 3 (Hold), with a Forward P/E ratio of 24.6, indicating a premium compared to its industry's Forward P/E of 16.4 [3] - The PEG ratio for Nike is 1.77, compared to the Shoes and Retail Apparel industry's average PEG ratio of 1.66 [3] Industry Overview - The Shoes and Retail Apparel industry is part of the Consumer Discretionary sector, holding a Zacks Industry Rank of 46, placing it in the top 19% of over 250 industries [4] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [4]