Nike Inc. Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Nike Inc. (NYSE:NKE) will unveil its latest earnings on Monday, June 27, 2011. Nike Inc. 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 analyst is estimating net income of $1.16 per share, a rise of 9.4% from the same quarter a year ago. Estimates range from profit of $1.09 per share to net income of $1.29 per share. The consensus estimate is the same as three months ago. For the year, analysts are projecting profit of $4.32 per share, a rise of 11.9% from last year.

Past Earnings Performance: The company hopes to beat expectations after coming in short last quarter, in which it reported net income of $1.08 per share against a consensus estimate of profit of $1.12 per share.

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Wall St. Revenue Expectations: On average, analysts predict $5.53 billion in revenue this quarter, a rise of 8.9% from the year ago quarter. Analysts are forecasting total revenue of $20.63 billion for the year, from last year’s revenue of $19.01 billion.

Analyst Ratings: Analysts are bullish on this stock with 10 analysts rating it as a buy and none rating it as a sell. While the average rating for the stock remains a moderate buy, the strength of the rating has dwindled over the past three months.

Key Stats:

The company has now seen net income rise in three-straight quarters. In the third quarter, net income rose 5.4% while it rose 21.7% in the second quarter and 9% in the first quarter.

Revenue has risen the past four quarters. Revenue increased 7.3% to $5.08 billion in third quarter. The figure rose 9.9% in the second quarter from the year earlier, climbed 7.8% in the first quarter from the year-ago quarter and 7.7% in the fourth 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), LaCrosse Footwear, Inc. (NASDAQ:BOOT), Phoenix Footwear Group, Inc. (AMEX:PXG), TOD’S SpA (NYSE:TOD), Kenneth Cole Productions (NYSE:KCP), Under Armour (NYSE:UA) and Nordstrom (NYSE:JWN)

Stock Price Performance: Over the past three months, the stock price has risen $6.79 (8.9%) from $76.44 on March 24, 2011 to $83.23 on June 20, 2011. The stock price saw one of its best stretches over the last year between September 13, 2010 and September 20, 2010 when shares rose for six-straight days, rising 5% (+$3.66) over that span. It saw one of its worst periods between March 9, 2011 and March 16, 2011 when shares fell for six-straight days, falling 4.6% (-$4.11) over that span. Shares are down $1.57 (-1.9%) year to date.

(Source: Xignite Financials)

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