Nike Inc (NYSE:NKE) after opening the company’s stock at the price of $51.97, its shares traded on -0.23% below secure line. The stock exchanged hands 22,569,009 shares versus average trading capacity of 9.30M shares. It has a market cap of $83.92B.
Wall Street analysts are predicting that Nike Inc (NYSE:NKE) will report earnings per share of $0.5 in their quarterly report. The firm is expected to announce results on 6/27/17.
For the current quarter Nike Inc (NYSE:NKE) has high EPS estimates of $0.58 in contradiction of low EPS estimates of $0.4. However a year ago for the same quarter the company has reported $0.49 EPS. Average estimation for the current quarter has been provided by 32 analysts.
Investors as well as the sell-side will be paying close attention to how the actual numbers compare with the estimates. Earnings surprises can have a huge impact on a company’s stock price. Several studies suggest that positive earnings surprises not only lead to an immediate hike in a stock’s price, but also to a gradual increase over time. Hence, it’s not surprising that some companies are known for routinely beating earning projections. A negative earnings surprise will usually result in a decline in share price.
A large surprise factor in either direction typically can lead to a significant swing in the stock price in the hours and days after the report. Previously Nike Inc (NYSE:NKE) reported $0.68 earnings per share (EPS) for the quarter on 3/21/2017 After Market Close, beating the consensus estimate of $0.52 by $0.16 with surprise factor of 30.77%.
Nike Inc (NYSE:NKE) has average revenue estimates of $8.63B, compared to low analyst estimates of $8.54B and high estimates of $8.89B for the current quarter. A total number of 29 analysts provided estimations over revenues. For the next quarter the company has anticipated average revenues of $9.52B, according to the sentiments of 22 analysts.
Taking a broader look at the analyst consensus, most recently Nike Inc (NYSE:NKE)’s price target was revised on 05/16/17 and according to 32 analysts stock’s price will reach at $62.47 during 52 weeks with standard deviation of 7.26. Nike Inc (NYSE:NKE)’s minimum price target estimates has been figured out at $46.00 while the maximum price target forecast is established at $100.00, if we look at the price target with an optimistic approach it has upside potential of 93% from its latest closing price of $51.68.
On the other hand Nike Inc (NYSE:NKE) has Relative Strength Index (RSI 14) of 24.38 along with Average True Range (ATR 14) of 0.78, where the relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine excess buying & selling conditions of an asset, it is one of the most popular technical indicators, computed on the basis of the speed and direction of a stock’s price movement. The RSI value will always move between 0 and 100; the value will be 0 if the stock falls on all 14 days, and 100, if the price moves up on all the days) as suggested by J Welles Wilder. In terms of market analysis and trading signals, RSI moving above the horizontal 30 reference level is viewed as a bullish indicator, while the RSI moving below the horizontal 70 reference level is seen to be a bearish indicator. The level of 50 represents neutral market momentum and corresponds with the center line in other oscillators such as MACD (Moving Average Convergence/Divergence). The average true range (ATR) is a measure of volatility introduced by Welles Wilder. Consequently Nike Inc (NYSE:NKE)’s weekly and monthly volatility is 1.62%, 1.34% respectively.
In terms of Buy, Sell or Hold recommendations, Nike Inc (NYSE:NKE) has an average broker recommendation of 1.96. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell. There are currently 28 recommendations in total that have been tracked in order to arrive at this number, of those, 15 have given the shares a Strong Buy while 0 are recommending a Buy, 12 have given the stock a Hold rating, 1 a Sell and 0 a Strong Sell.