NIKE Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component NIKE (NYSE:NKE) will unveil its latest earnings on Thursday, June 28, 2012. Nike designs and markets high-quality footwear, apparel, equipment, and accessory products throughout the world.

NIKE Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of $1.37 per share, a rise of 10.5% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from $1.36. Between one and three months ago, the average estimate moved up. It has been unchanged at $1.37 during the last month. Analysts are projecting profit to rise by 12.5% versus last year to $4.94.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 4 cents, reporting net income of $1.20 per share against a mean estimate of profit of $1.16 per share.

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Wall St. Revenue Expectations: On average, analysts predict $6.52 billion in revenue this quarter, a rise of 13% from the year-ago quarter. Analysts are forecasting total revenue of $24.11 billion for the year, a rise of 15.6% from last year’s revenue of $20.86 billion.

Stock Price Performance: Between April 26, 2012 and June 22, 2012, the stock price had fallen $10.95 (-9.9%), from $110.35 to $99.40. The stock price saw one of its best stretches over the last year between February 21, 2012 and March 5, 2012, when shares rose for 10 straight days, increasing 4.1% (+$4.29) over that span. It saw one of its worst periods between December 9, 2011 and December 19, 2011 when shares fell for seven straight days, dropping 4.4% (-$4.30) over that span.

Analyst Ratings: With 12 analysts rating the stock a buy, none rating it a sell and five rating the stock a hold, there are indications of a bullish stance by analysts.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 3.21 last quarter. Having a ratio above 2:1 is usually considered a good indicator of a company’s liquidity and ability to meet creditor demands.

Competitors to Watch: Crocs, Inc., Deckers Outdoor Corp, Skechers USA Inc, K Swiss Inc, Steven Madden, Ltd., and LaCrosse Footwear, Inc.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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