Nike Shares Drop 2% as Q4 EPS Forecast Slumps 40.7% YoY
Nike shares fell 2%, trailing the S&P 500’s 1.57% decline and the Consumer Discretionary sector’s 3.21% drop. Analysts forecast Q4 EPS of $0.32, down 40.7% year-over-year, on revenue of $11.29 billion, while full-year estimates call for EPS of $1.57 (–27.3%) on $46.83 billion (+1.1%).
1. Stock Performance Overview
Nike shares fell 2% in the most recent session, underperforming the S&P 500’s 1.57% decline and lagging the Consumer Discretionary sector’s 3.21% loss as broader indices slumped.
2. Q4 Earnings Outlook
Analysts project fourth-quarter earnings per share of $0.32, reflecting a 40.7% year-over-year drop, on revenue of $11.29 billion, marking a 0.17% increase from the same quarter last year.
3. Valuation and Industry Comparison
Full-year consensus estimates call for EPS of $1.57, down 27.3%, on revenue of $46.83 billion, up 1.1%; Nike trades at a forward P/E of 39.8 versus the industry average of 16.4 and carries a PEG ratio of 3.19.