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Jun 28, 2019

Nike (NKE, $84.43) disappoints on earnings but beats revenue estimates for fiscal Q4

Nike reported lower-than-expected earnings for its fiscal fourth quarter, but beat estimates on sales.

The footwear/sportswear behemoth’s adjusted earnings for the three months ending in May came in at 62 cents per share, falling short of the Street estimates of 66 cents. The figure is also -10.14% lower from the year-ago quarter.

The company’s revenue of $10.18 billion, however, beat analysts’ estimates. It registered a solid +4% year-over-year growth as well. Sales from the Nike brand, which excludes Converse merchandise, climbed +10% from the same quarter last year to $9.7 billion.

The company said that its profit margins were squeezed during the quarter in part due to investments needed to sell more directly to consumers and less through wholesalers.

In fiscal 2019, Nike’s revenues from its direct-to-consumer division touched $11.8 billion, thanks in large part to a +35% surge in online sales and a +6% jump in same-store sales , according to the company.

 

Related Ticker: NKE

NKE in upward trend: price expected to rise as it breaks its lower Bollinger Band on March 22, 2024

NKE may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 35 cases where NKE's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where NKE's RSI Oscillator exited the oversold zone, of 34 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on April 15, 2024. You may want to consider a long position or call options on NKE as a result. In of 84 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for NKE just turned positive on April 12, 2024. Looking at past instances where NKE's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where NKE advanced for three days, in of 307 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where NKE declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for NKE entered a downward trend on April 18, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: NKE's P/B Ratio (9.862) is slightly higher than the industry average of (3.484). P/E Ratio (27.224) is within average values for comparable stocks, (28.646). Projected Growth (PEG Ratio) (2.032) is also within normal values, averaging (1.937). Dividend Yield (0.015) settles around the average of (0.048) among similar stocks. P/S Ratio (2.762) is also within normal values, averaging (1.925).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. NKE’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. NKE’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 82, placing this stock better than average.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

Notable companies

The most notable companies in this group are Nike (NYSE:NKE), Skechers USA (NYSE:SKX), VF Corp (NYSE:VFC), G-III Apparel Group Ltd (NASDAQ:GIII), Canada Goose Holdings (NYSE:GOOS), Lakeland Industries (NASDAQ:LAKE).

Industry description

Apparel/footwear might be slightly more ‘cyclical’ in the largely non-cyclical category of non-durables. While digital giants like Amazon have been rapidly expanding their presence, traditional clothing/footwear retailers have also been bulking up their online presence in recent years, to milk the burgeoning trend of online shopping among consumers across the globe. The apparel and footwear retail market was valued at around $ 360 billion in 2018, and this figure was expected to reach about $386 billion by 2020 (according to a Statista report). NIKE, Inc, V.F. Corporation and Under Armour, Inc. are some of the companies with the largest U.S. stock market caps in this segment.

Market Cap

The average market capitalization across the Apparel/Footwear Industry is 6.23B. The market cap for tickers in the group ranges from 1.66K to 140.24B. NKE holds the highest valuation in this group at 140.24B. The lowest valued company is SQBGQ at 1.66K.

High and low price notable news

The average weekly price growth across all stocks in the Apparel/Footwear Industry was -1%. For the same Industry, the average monthly price growth was -5%, and the average quarterly price growth was 7%. SKFG experienced the highest price growth at 12%, while SEPGF experienced the biggest fall at -75%.

Volume

The average weekly volume growth across all stocks in the Apparel/Footwear Industry was -16%. For the same stocks of the Industry, the average monthly volume growth was -21% and the average quarterly volume growth was -4%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 52
P/E Growth Rating: 61
Price Growth Rating: 58
SMR Rating: 65
Profit Risk Rating: 81
Seasonality Score: -7 (-100 ... +100)
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General Information

a maker of athletic footwear and apparel

Industry ApparelFootwear

Profile
Fundamentals
Details
Industry
Apparel Or Footwear
Address
One Bowerman Drive
Phone
+1 503 671-6453
Employees
83700
Web
https://www.nike.com
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