Core Insights - Nike reported quarterly earnings of $0.54 per share, exceeding the Zacks Consensus Estimate of $0.28 per share, but down from $0.98 per share a year ago, representing an earnings surprise of 92.86% [1] - The company generated revenues of $11.27 billion for the quarter ended February 2025, surpassing the Zacks Consensus Estimate by 2.13%, but down from $12.43 billion year-over-year [2] - Nike has consistently surpassed consensus EPS estimates over the last four quarters, achieving this four times [2] Earnings Performance - The earnings surprise of 92.86% indicates strong performance relative to expectations, with a previous quarter's earnings of $0.78 per share also exceeding estimates [1][2] - The current consensus EPS estimate for the upcoming quarter is $0.27, with projected revenues of $11.17 billion, while the estimate for the current fiscal year is $2.06 on revenues of $46.24 billion [7] Market Position and Outlook - Nike shares have declined approximately 3.5% since the beginning of the year, mirroring the S&P 500's decline of -3.5% [3] - The company's Zacks Rank is currently 3 (Hold), indicating expected performance in line with the market in the near future [6] - The Shoes and Retail Apparel industry, to which Nike belongs, is currently ranked in the bottom 9% of over 250 Zacks industries, suggesting potential challenges ahead [8]

Company Performance - Nike's stock closed at $72.71, reflecting a -1.19% change from the previous day's closing price, which was less than the S&P 500's daily loss of 0.91% [1] - Over the past month, Nike's shares gained 1.83%, while the Consumer Discretionary sector and the S&P 500 lost 9.2% and 7.38%, respectively [1] Upcoming Earnings - Nike is set to announce its earnings on March 20, 2025, with projected earnings per share (EPS) of $0.28, indicating a 71.43% decrease from the same quarter last year [2] - The consensus estimate for revenue is $11.12 billion, down 10.57% from the prior-year quarter [2] Annual Forecast - For the entire year, the Zacks Consensus Estimates forecast earnings of $2.05 per share and revenue of $46.24 billion, reflecting changes of -48.1% and -9.98%, respectively, compared to the previous year [3] Analyst Estimates - Recent revisions to analyst estimates for Nike are important as they reflect near-term business trends, with positive revisions indicating analyst optimism about the company's business and profitability [3][4] Zacks Rank and Valuation - Nike currently holds a Zacks Rank of 3 (Hold), with a Forward P/E ratio of 35.84, which is a premium compared to the industry average Forward P/E of 11.12 [5] - The Zacks Consensus EPS estimate has shifted 0.3% upward over the past month [5] Industry Metrics - Nike's PEG ratio is currently 2.39, compared to the Shoes and Retail Apparel industry's average PEG ratio of 0.93 [6] - The Shoes and Retail Apparel industry is part of the Consumer Discretionary sector and has a Zacks Industry Rank of 219, placing it in the bottom 13% of all industries [6][7]