Nike Forecasts Q1 EPS Down 40.7% on $11.29B Revenue
Nike shares closed at $61.01, down 1.88%, lagging the S&P 500’s 0.04% gain and the consumer discretionary sector’s 1.82% monthly rise despite a 0.6% one-month share increase. Q1 estimates project EPS of $0.32 (-40.7% year-over-year) on $11.29 billion revenue, with a 39.7 forward P/E.
1. Stock Price and Monthly Performance
Nike shares closed at $61.01, down 1.88% versus the prior day, trailing the S&P 500’s 0.04% gain and underperforming the Dow’s 0.15% drop and Nasdaq’s 0.36% rise. Over the past month, shares rose 0.6%, below the consumer discretionary sector’s 1.82% increase but above the S&P 500’s 1.33% decline.
2. Q1 Earnings Forecast
Nike plans to release first-quarter results on March 31, projecting EPS of $0.32, a 40.7% drop from the same quarter last year, on revenue of $11.29 billion, up 0.17% year-over-year.
3. Full-Year Forecasts and Valuation
Full-year estimates call for EPS of $1.57, down 27.3%, and revenue of $46.83 billion, up 1.12%. The stock trades at a forward P/E of 39.72 and a PEG ratio of 3.18, versus industry averages of 15.15 and 1.58.
4. Industry Position
The shoes and retail apparel industry holds an industry rank of 66, placing it in the top 27% of more than 250 industries, indicating relative strength within the consumer discretionary sector.