Nike (NKE) has this bad habit of beating qtrly profit estimates, then lowering next qtr’s estimate. I’m not a fan of that strategy.
Nike (NKE) is one of the best stocks in the Dow this year as the return to sales growth in North American has boosted the stock to new highs.
Nike’s (NKE) stock was a laggard in 2016 and 2017 as North American sales figures have been lagging. Now momentum could reverse that trend.
Nike (NKE) just had profits decline the past 2 qtrs. But that hasn’t hurt the stock as its jumped from the low-$50s to the high-$60s since last Fall.
Nike (NKE) has had fiscal year 2018 profit estimates decline for seven straight qtrs, from $2.86 to $2.32. I feel this stock could continue to be in the $50s for the next two years.