Advertisement
Canada markets open in 3 hours 19 minutes

  • S&P/TSX

    21,873.72
    -138.00 (-0.63%)
     

  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     

  • DOW

    38,460.92
    -42.77 (-0.11%)
     

  • CAD/USD

    0.7314
    +0.0016 (+0.22%)
     

  • CRUDE OIL

    82.77
    -0.04 (-0.05%)
     

  • Bitcoin CAD

    87,289.71
    -3,428.08 (-3.78%)
     

  • CMC Crypto 200

    1,360.41
    -22.17 (-1.60%)
     

  • GOLD FUTURES

    2,337.50
    -0.90 (-0.04%)
     

  • RUSSELL 2000

    1,995.43
    -7.22 (-0.36%)
     

  • 10-Yr Bond

    4.6520
    +0.0540 (+1.17%)
     

  • NASDAQ futures

    17,512.25
    -152.25 (-0.86%)
     

  • VOLATILITY

    16.14
    +0.17 (+1.06%)
     

  • FTSE

    8,097.29
    +56.91 (+0.71%)
     

  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     

  • CAD/EUR

    0.6813
    -0.0006 (-0.09%)
     

The Best Options Trade for Nike (NKE) Earnings

Patrick Anderson
Updated

On Tuesday, September 27th, Nike (NKE) will release its Q2 earnings results after the bell. The company is a Zacks Rank #3 (Hold), and they were upgraded within the last 30 days due to a upward revisions in their earnings estimates.

Dave will investigate Nike’s past earnings, look at what is currently going on with the company, and give us his thoughts on their upcoming earnings announcement.

Furthermore, Dave will uncover some potential options trades for investors looking to make a play on Nike ahead of earnings.

To watch this premium stream, you can sign-up to Dave’s new service, Zacks Live Trader, for $9.99 a month. He’ll have one premium stream every week.

ADVERTISEMENT

Nike in Focus

Nike’s principal business activity involves the design, development and worldwide marketing of high quality footwear, apparel, equipment, and accessory products. NIKE is the one of the largest sellers of athletic footwear and athletic apparel in the world. The company sells its products to retail accounts in the United States and through a mix of independent distributors, licensees and subsidiaries in numerous countries around the world.

Nike is expected to report earnings at $0.56 per share according to the Zacks Consensus Estimate. Last quarter they reported an earnings at $0.49 per share beating the Zack’s Consensus Estimate by $0.01 per share, and they have an average surprise of 8.25% over the last four quarters.

NIKE INC-B Price and EPS Surprise

NIKE INC-B Price and EPS Surprise | NIKE INC-B Quote

Nike is trading around $55.76 a share, and they are near a 52-week low which is $51.48 per share.

The Shoes and Retail Apparel industry is in the Bottom 34% of our Zacks Industry Rank. The apparel and shoe industry can be very finicky at times due to broad economic conditions, and due to strong global competition.

Nike is in a very competitive sector including major competitors such as Adidas (ADDYY) and Skechers (SKX). Therefore, investors need to keep in mind Nike has some tough competition.

Bottom Line

Will David be Bearish or Bullish on Nike? David will be giving us his earnings predictions when he goes live on Monday.

But how should investors play Nike ahead of their earnings report? For insights on the best options trades, make sure to watch Dave Bartosiak at 1pm Central time on Monday by signing up for Zacks Live Trader.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
NIKE INC-B (NKE): Free Stock Analysis Report
 
SKECHERS USA-A (SKX): Free Stock Analysis Report
 
ADIDAS AG-ADR (ADDYY): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research