Nike Stock (NKE) Beginning to Make Back Losses… But Can Nike’s Stock Return to its Highs?

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This year Nike stock has grown in value to over $80 per share, starting the year at less than $70.

Since the end of September 2018 however the stock has fallen and wiped out much of it’s gains it made this year.

Analysts are pointing to Nike’s stock price increasing again and are very hopeful for 2019.

Nike Stock from inside the trading halls in New York, United States.

Investors will be hoping for strength from NKE as it approaches its next earnings release reports, which is expected to be December 20, 2018. The company is expected to report EPS of $0.45, down 2.17% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $9.16 billion, up 7.1% from the year-ago period.

If Nike’s earnings are good and it can keep it up then the stock price should quickly return back to it’s over $80 per share trading price.

The stock has bounced back and closed at just under $75 per share.

Prior to today’s trading, shares of the athletic apparel maker had lost 2.17% over the past month. This has was narrower than the Consumer Discretionary sector’s loss of 4.65% and the S&P 500’s loss of 4.97% in that time.

NKE has a Forward P/E ratio of 28.02 right now. Its industry sports an average Forward P/E of 14.64.

It is also worth noting that NKE currently has a PEG ratio of 2.3.

Overall Nike (NKE) stock is looking quite ripe for investment.

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