Articles for NIKE

NIKE Quarterly Earnings Preview

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Sunday, December 18th, 2011 by Trefis Team

NIKE, Inc. (NYSE:NKE) is expected to report earnings for last fiscal quarter after the closing bell on December 20, 2011. NKE trades an average of 2.2 million shares per day.

52 Week High: $98.25
52 Week Low: $75.05
Book Value: $21.35
Float Short: 0.96%

On average, 14 analysts are expecting a drop of $-0.38 in earnings per share compared to last quarter’s results of $1.36. The number to beat is $0.98 per share, based on the estimated mean earnings. Analyst estimates range between $0.9 and $1.08 per share.

The current trailing twelve months (ttm) P/E ratio is 20.6. The forward P/E ratio is 18.9.

The company has rising revenue year-over-year of $20.86 billion for 2011 vs. $19.01 billion for 2010. The bottom line has rising earnings year-over-year of $2.13 billion for 2011 vs. $1.91 billion for 2010.The company’s earnings before interest and taxes are rising with an EBIT year-over-year of $2.82 billion for 2011 vs. $2.47 billion for 2010.Rising revenue along with rising earnings is a very good sign and what we want to see with our companies. Be sure to check the margins to make sure that the bottom line is keeping up with the top line.

Here is a look at the fiscal year revenue.

Gross reported revenue compared to the mean estimate (rounded).

Differences are rounded. (Some onetime items are often excluded in reported EPS)’

Reported earnings per share compared to the mean estimate. Differences are rounded.

The total short interest number of shares for NKE

The number of days to cover short interest based on average daily trading volume for NKE.

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I use a proprietary blend of technical analysis, financial crowd behavior, and fundamentals in my short-term trades, and while not totally the same in longer swing trades to investments, the concepts used are similar. You may want to use this article as a starting point of your own research with your financial planner. I use Seeking Alpha, Edgar Online, and Yahoo Finance for most of my data. I use the “confirmed” symbols from earnings.com that I believe to be of the most interest.

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NBA Deal and Olympics Will Help Nike Just Do It in 2012

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Monday, November 28th, 2011 by Trefis Team

Nike Brand Footwear, driving nearly 50% of Nike’s (NYSE:NKE) stock, experienced an increase in consumer satisfaction in the third quarter – a perfect lead-in to what will likely be a very strong year for Nike in 2012. For just the second time in history, Nike earned over an 80 on the consumer satisfaction score, in the process tying Adidas (PINK:ADDYY) in consumer satisfaction ratings. Consumers perceive Nike shoes to be higher in quality than competitors, though more expensive. During the economic downturn, Nike has benefited from staying aggressive in marketing and retail efforts. The company pushes to continue to improve its margins via streamlining factories and supply chains. Nike has been able to avoid customers moving to other brands during the tough economic times; Nike features premium and value product lines, allowing consumers to move between Nike product lines (rather than to another brand) during tough economic times. Read More »

Nike Grows by Selling Direct to Customers in Emerging Markets

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Tuesday, July 19th, 2011 by Trefis Team

Nike (NYSE:NKE) witnessed a 23% increase in its direct-to-consumer business in the North America region in Q4 2011. This increase was driven by an 18% improvement in same store sales and 31% growth in online sales. Direct to consumer sales includes online sales and company operated stores. Nike is the largest global manufacturer of athletic footwear, apparel and equipment and competes with Sketchers (NYSE:SKX), Adidas AG (ETR:ADS), Steve Madden (NASDAQ:SHOO) and K-Swiss (NASDAQ:KSWS) in the global footwear market.

We currently have a price estimate of $85.30 for NIKE’s stock implies a small discount to the market price.

Nike’s Upside Helped by Selling More to China

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Friday, May 27th, 2011 by Trefis Team

Nike’s (NYSE:NKE) global footwear market share has consistently grown over the years reaching about 17% at the end of 2010. We attribute this success to its strong marketing and innovation as well as growing demand from emerging markets like China. But rising input costs and air freight have been a concern for Nike, which contributed to the company providing lower gross margin guidance by 50 basis points in 2011 vs. 2010. (See Nike’s Earnings Re-Iterate Gross Margin Pressure) Nonetheless, we believe the company has bright prospects in new markets like China that will give it an edge over rivals like Sketchers (NYSE:SKX), Adidas AG (ETR:ADS), Steve Madden (NASDAQ:SHOO) and K-Swiss (NASDAQ:KSWS).

Growth Potential for Nike in Sports Apparel Market

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Wednesday, April 6th, 2011 by Trefis Team

Nike (NYSE:NKE) mainly competes with Adidas AG (ETR:ADS), Puma AG Rudolf Dassler Sport, Under Armour, Quicksilver and VF Knitwear in the sports apparel and accessories market. While Nike brand footwear is the single largest contributor to Nike’s stock value (representing over 45% of its stock value by our estimates), Nike brand apparel still adds a healthy 25%. Nike’s share in the sports apparel market has been gradually rising, and currently stands at about 4.5%.

Nike’s Opportunity in Emerging Markets Outweighs Higher Costs

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Monday, March 28th, 2011 by Trefis Team

Nike (NYSE:NKE) is the largest global manufacturer of athletic footwear, apparel and equipment by sales volume, and competes with Sketchers (NYSE:SKX), Adidas AG (ETR:ADS), Steve Madden (NASDAQ:SHOO) and K-Swiss (NASDAQ:KSWS) in the global footwear market. The company recently announced its Q3 2011 results. Although Nike’s revenues increased 7% to $5.1 billion, the gross margin declined 110 basis points to 45.8% compared to same period last year. The decline in margin was basically because of higher product and freight costs. We have highlighted these factors in our earlier note titled: Nike’s Air Freighting Raises Questions on Inventory Management.

Nike’s Earnings Re-Iterate Gross Margin Pressure

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Wednesday, March 23rd, 2011 by Trefis Team

Nike (NYSE:NKE) recently released its fiscal Q3 2011 earnings, and based on continued pressure in gross margins and other evident trends, we have updated our price estimate for Nike to $76.52, which is roughly in line with market price. Nike remains the largest global manufacturer of athletic footwear, apparel and equipment by sales volume, and competes with Sketchers (NYSE:SKX), Adidas AG (ETR:ADS), Steven Madden (NASDAQ:SHOO) and K-Swiss (NASDAQ:KSWS) in the global footwear market. It sells its products under several brands including Nike, Nike Golf, Converse, Cole Haan, Umbro, and Hurley.

Nike’s Gross Margin Outlook a Key to This Week’s Earnings Announcement

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Tuesday, March 15th, 2011 by Trefis Team

Nike (NYSE:NKE) is expected to announce its 3rd quarter fiscal 2011 earnings on March 17th. We take this opportunity to look at what are some of the key aspects to look forward to with regards to upcoming earnings. Nike is the largest global manufacturer of athletic footwear, apparel and equipment by sales volume, and competes with Sketchers (NYSE:SKX), Adidas AG (ETR:ADS), Steven Madden (NASDAQ:SHOO) and K-Swiss (NASDAQ:KSWS) in the global footwear market. It sells its products under several brands including Nike, Nike Golf, Converse, Cole Haan, Umbro, and Hurley. Our price estimate for Nike stands at $77.52, which is about 11% below the current market price.

Nike’s Air Freighting Raises Questions on Inventory Management

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Thursday, March 10th, 2011 by Trefis Team

Nike (NYSE:NKE) is the largest global manufacturer of athletic footwear, apparel and equipment by sales volume, and competes with Sketchers (NYSE:SKX), Adidas AG (ETR:ADS), Steven Madden (NASDAQ:SHOO) and K-Swiss (NASDAQ:KSWS) in the global footwear market. It sells its products under several brands including Nike, Nike Golf, Converse, Cole Haan, Umbro, and Hurley. Our price estimate for Nike stands at $77.52, which is about 13% below the current market price.