Nike Shares Rise 1.13% as Q1 EPS Seen Plunging 40.7%
During the latest session, Nike shares climbed 1.13%, closing at $65.55 and outperforming the S&P 500's 0.56% gain. For the upcoming quarter analysts project earnings per share to drop to $0.32 (-40.74% YoY) on revenue of $11.29 billion (+0.17%), driving a forward P/E of 41.4x versus the industry’s 17.1x.
1. Stock Performance
In the latest trading session, Nike shares rose 1.13% to $65.55, outpacing the S&P 500's 0.56% gain, the Dow's 0.26% increase and the Nasdaq’s 0.78% advance. The stock had gained 1.87% in its prior session, outperforming the Consumer Discretionary sector’s 2.26% decline.
2. Q1 Earnings Estimates
Analysts forecast first-quarter earnings per share of $0.32, down 40.74% from the same quarter last year, on revenue of $11.29 billion, a 0.17% year-over-year increase.
3. Full-Year Projections & Valuation
Full-year consensus calls for EPS of $1.57, a 27.31% decline, and revenue of $46.83 billion, up 1.12%. At a forward P/E of 41.4x, Nike trades at a premium to the industry average of 17.07x and holds a PEG ratio of 3.32 versus the industry’s 1.56.
4. Analyst Sentiment
Nike’s consensus estimate rank stands at 4 (Sell) after a 0.14% drop in EPS projections over the past 30 days, reflecting increased analyst caution toward near-term earnings momentum.