Nike First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Nike, Inc. (NYSE:NKE) will unveil its latest earnings on Thursday, September 22, 2011. Nike designs and markets high-quality footwear, apparel, equipment, and accessory products throughout the world.

Nike, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of $1.21 per share, a rise of 6.1% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1.28. Between one and three months ago, the average estimate moved down, but it has been unchanged at $1.21 during the last month. For the year, analysts are projecting profit of $4.83 per share, a rise of 10% from last year.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the fourth quarter of the last fiscal year, it reported net income of $1.24 per share against a mean estimate of profit of $1.16 per share. In the third quarter of the last fiscal year, it missed forecasts by 4 cents.

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock.

Wall St. Revenue Expectations: On average, analysts predict $5.75 billion in revenue this quarter, a rise of 11% from the year ago quarter. Analysts are forecasting total revenue of $23.12 billion for the year, a rise of 10.8% from last year’s revenue of $20.86 billion.

Analyst Ratings: Analysts are bullish on this stock with 12 analysts rating it as a buy, none rating it as a sell and four rating it as a hold.

Key Stats:

The company has now seen net income rise in three straight quarters. In the fourth quarter of the last fiscal year, net income rose 13.8% while it rose 5.4% in the third quarter of the last fiscal year and 21.7% in the second quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue increased 13.6% to $5.77 billion in fourth quarter of the last fiscal year. The figure rose 7.3% in the third quarter of the last fiscal year from the year earlier, climbed 9.9% in the second quarter of the last fiscal year from the year-ago quarter and 7.8% in the first quarter of the last fiscal year.

Competitors to Watch: Crocs, Inc. (NASDAQ:CROX), Deckers Outdoor Corp. (NASDAQ:DECK), Skechers USA, Inc. (NYSE:SKX), K-Swiss Inc. (NASDAQ:KSWS), Steven Madden, Ltd. (NASDAQ:SHOO), The Timberland Company (NYSE:TBL), The Global Housing Group (GLHO), adidas AG (ADDYY), LaCrosse Footwear, Inc. (NASDAQ:BOOT), and Phoenix Footwear Group, Inc. (AMEX:PXG).

Stock Price Performance: During August 18, 2011 to September 16, 2011, the stock price had risen $10.14 (12.7%) from $79.63 to $89.77. The stock price saw one of its best stretches over the last year between September 9, 2011 and September 16, 2011 when shares rose for six-straight days, rising 8.8% (+$7.27) over that span. It saw one of its worst periods between March 8, 2011 and March 16, 2011 when shares fell for seven-straight days, falling 4.9% (-$4.34) over that span. Shares are up $5.27 (+6.2%) year to date.

(Source: Xignite Financials)

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock.

 

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