Nike Inc (NYSE: NKE) has reported earnings for its second fiscal quarter (ending November 30) of $1.04 versus $0.85 for the same period a year ago — an increase of 22%. E.P.S. were $3.46 for the latest four quarters through November 30 versus $3.58 for the same period a year ago — a decline of -3%.
Recent Price Action
Nike Inc (NYSE: NKE) stock closed at $122.53 on 12/21/23 after a modest gain of 0.9%. Moreover, trading volume in this advance was unusually high at 175% of normal. The stock has risen 1.1% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
NKE’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Nike has a current Value Trend Rating of F (Lowest Rating). This rating combines complementary signals from two proprietary PTR measures of a stock’s attractiveness. Nike has a slightly negative Power Rating of 36 and a very low Appreciation Score of 14, leading to the Lowest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
Be the first to comment