Earnings in Review for NIKE, Inc. (NYSE:NKE)

As earnings season comes into focus, active investors may be wondering which companies will beat estimates and which ones will miss when the earnings numbers are posted. Looking at shares of NIKE, Inc. (NYSE:NKE), we note that the current quarter consensus EPS estimate is 0.63. This estimate is comprised of 12 sell-side analysts polled by Zacks Research. For the previous quarter, the company posted a quarterly EPS of 0.52. Earnings per share is the segment of profit for a company that is allocated to every outstanding share of a company’s common stock. Earnings per share numbers can serve as an indicator for the profitability of a particular company. 

Investors may be doing a mid-year review of the portfolio. They may be looking to see what changes need to be made for the second half of the year. Maybe there were some great performers that don’t need much attention. There may also be some not so great performers that need to be looked at a little bit closer. As the next earnings reports become available, investors will be able to scrutinize the numbers. Investors may be tracking sell-side analyst projections heading into earnings. Analysts will often update their numbers as the earnings date approaches. 

Let’s shift the focus and look at some historical stock price action on shares of NIKE, Inc. (NYSE:NKE). After a recent market scan, we have seen that the stock has been trading near the $82.71 level. Investors may also be tracking the current stock price in relation to its 52-week high and low. The 52-week high is currently sitting at $85.55, and the 52-week low is $62.49. When the stock starts moving towards the 52-week high or 52-week low, investors may pay added attention to see if there will be a breakthrough that level. Over the last 12 weeks, the stock has moved 9.99%. Since the beginning of the calendar year, we can see that shares have changed 11.56%. Over the past 4 weeks, shares have moved 7.99%. Over the previous 5 sessions, the stock has moved 1.76%.

Sell-side Street analysts often offer stock ratings for companies that they cover. Based on analysts polled by Zacks Research, the present average broker rating on shares of NIKE, Inc. (NYSE:NKE) is presently 1.79. This average rating includes analysts who have given Sell, Buy and Hold ratings on the equity. This rating uses a numerical recommendation scale from 1 to 5. A score of 1 would represent a Buy recommendation, and a score of 5 would indicate a Sell recommendation. Out of all the analysts providing recommendations, 14 have rated the stock a Strong Buy or Buy, based on data provided by Zacks Research.

Taking a look at some target price information, we note that shares of NIKE, Inc. (NYSE:NKE) presently have an average target price of $86.96. This is the consensus target price using estimates offered by analysts polled by Zacks Research. Sell-side analysts can calculate price target projections using various methods. Many investors will track stock target prices, especially when analysts make changes to the target. A thorough research report will generally give detailed reasoning for a certain target projection. Some investors may watch sell-side targets very closely and use the data to help with their own stock research.

Investors are always striving to locate the next great stock to add to the portfolio. Finding that next winner may involve some dedicated research and perseverance. Sorting through the immense amount of information about public companies can be a chore. Many sharp investors will attack the equity markets from many various angles. This may encompass keeping close tabs on fundamental and technical data. This may also include monitoring analyst opinions and tracking institutional transactions.