Introduction1 What Does Nike Do1 Impact of Supply & Demand on Nike … NASDAQ data is at least 15 minutes delayed. Nike reported a loss of $790 million, or 51 cents per share, during the period ended May 31, compared with net income of $989 million, or earnings of 62 cents a share, a year ago. In my opinion, having tracked MAGA and Anti-MAGA companies and effects, what Nike was doing in much of last year was hiding and deferring income losses due to sales declines. Roper Technologies, Inc. Profiles of Manufacturers: Here, leading players of the global Functional Shoes market are studied based on sales area, key products, gross margin, revenue, price, and production. Ranking at No. " Sport Coats Market 2020 Research report provided by Reports Monitor Sport Coats market, is a Skillful and Deep Analysis of the Present Situation an. So, the shares are expected to perform in line with the market in the near future. What this could mean for investors On average, Wall Street analysts are forecasting that Nike … The company has topped consensus revenue estimates three times over the last four quarters. Nike (NKE Quick QuoteNKE - Free Report) came out with quarterly earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.48 per share. • The Middle East and Africa (GCC Countries and Egypt)• North America (the United States, Mexico, and Canada)• South America (Brazil etc. A quarter ago, it was expected that this athletic apparel maker would post earnings of $0.02 per share when it actually produced a loss of $0.51, delivering a surprise of -2,650%. Market Share - Strength. Despite a slight decline from prior years, Nike continues to have the greatest market share in the U.S. branded athletic footwear market. industry trends, the growth rate of key producers, and production analysis. While Nike has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? 24, 2020 – NIKE, Inc. (NYSE:NKE) today reported fiscal 2020 financial results for its third quarter ended February 29, 2020. That is a massive disparity. Visit performance for information about the performance numbers displayed above. Nike Inc 's sales fell by -0.62 % in I. 1925 Apparel, Footwear & Accessories industry recorded deterioration of revenues by -7.32 % Nike Inc 's net income grew by 11.05 % in I. NIKE annual revenue for 2018 was $36.397B, a 5.96% increase from 2017. Key Takeaways Nike is the world's largest supplier of athletic apparel and footwear in the world. BEAVERTON, Ore., Mar. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. CA 94107, USA, © We help in business decision-making on aspects such as market entry strategies, market sizing, market share analysis, sales and revenue, technology trends, competitive analysis, product portfolio and application analysis etc. )• Europe (Turkey, Germany, Russia UK, Italy, France, etc. Functional Shoes Market Share by Manufacturer: Here, production, revenue, and price analysis by the manufacturer are included along with other chapters such as expansion plans and merger and acquisition, products offered by key manufacturers, and areas served and headquarters distribution. Nike’s global market share was an impressive 30.4% in 1998. Our clientele ranges mix of United States Business Leaders, Government Organizations, SME’s, Individual and Start-ups, Management Consulting Firms, and Universities etc. ET Report Overview: It includes six chapters, viz. ... 2020: 220.56B Dec. 16, 2020 : 217.17B ... it would make sense to compare companies that have a similar market capitalization because factors like market share, economies of scale, and business models would also be similar. NIKE revenue for the twelve months ending August 31, 2020 was $37.337B, a 6.26% decline year-over-year. If you do not, click Cancel. 2020 The Market Correspondent, Honeywell, Adidas, Nike, Under Armor, Puma, VF Corporation, PEAK, ECCO, Skechers, Jeep, Columbia, Pierre Cardin, HDL, J.Benato, Safety Jogger, U-work, Camel, Trending Now: Furniture Lock Market Analysis, Trends, Growth and Forecast 2020 to 2025 | Illinois Lock Company, Bai Fu Co., Ltd(ARMSTRONG), Trending News: Freshwater Fishing Reel Market Overview and Forecast 2020 to 2025 | Shimano, Daiwa, Garcia, https://www.reporthive.com/request_customization/2361936, https://www.reporthive.com/request_sample/2361936, Global Vitamin C Ingredients Market Research Report 2020, Global Food Flaxseed Oil Market Report, History and Forecast 2015-2026, Breakdown Data by Manufacturers, Key Regions, Types and Application, Global Zirconium Tanning Agent Market Report, History and Forecast 2015-2026, Breakdown Data by Manufacturers, Key Regions, Types and Application, Global Thermoplastic Polyolefin Waterproof Membranes Market Research Report 2020, Global Thioesters Market Research Report 2020. The Market Correspondent Inc. The 2020 annual revenue target recently announced by Nike CEO and President Mark Parker. About Us:Report Hive Research delivers strategic market research reports, statistical survey, and Industry analysis and forecast data on products and services, markets and companies. Nike’s market share stands at about 27.4% in 2019, ahead of its industry rivals Adidas and ASICS, making Nike the world’s largest company in the global footwear market. But it rallied strongly, and is now extended after breaking out from a cup-with-handle base . This compares to earnings of $0.86 per share a year ago. In April 2020, Nike’s market capitalization stood at $136.69 billion: more than double that of Adidas’s $45.21 billion. If you wish to go to ZacksTrade, click OK. The chapter on regional segmentation details the regional aspects of the global Functional Shoes market. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.41% per year. This compares to year-ago revenues of $10.66 billion. The company had a market capitalization of $143.6 billion as of February 2020. These figures are adjusted for non-recurring items. Our analysts use the latest primary and secondary research techniques and tools to prepare comprehensive and accurate market research reports. ... Market Share, Future Opportunities Nike, Adidas, PUMA etc. NIKE market cap as of December 16, 2020 is $218.82B . The regional study of the global Functional Shoes market included in the report helps readers to gain a sound understanding of the development of different geographical markets in recent years and also going forth. But with their innovative cars and trucks, new upstarts have raised billions of dollars in an effort to take Tesla's title as king. in the USA, Europe Middle East, Africa, Asia Pacific. Each segment of the global Functional Shoes market is extensively evaluated in the research study. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. the complete list of today's Zacks #1 Rank (Strong Buy) stocks here, 7 Nasdaq Stocks that Helped QQQ ETF Score Big in 2020, Top Stock Reports for Tesla, Home Depot & Netflix, Upstart (UPST): Fresh Fintech IPO with Enormous Potential. We have provided deep analysis of the vendor landscape to give you a complete picture of current and future competitive scenarios of the global Functional Shoes market. Nike delivers innovative products, experiences and services to inspire athletes. Nike, which belongs to the Zacks Shoes and Retail Apparel industry, posted revenues of $10.59 billion for the quarter ended August 2020, surpassing the Zacks Consensus Estimate by 15.49%. NIKE, Inc. (NYSE:NKE) today reported fiscal 2021 financial results for its second quarter ended November 30, 2020. We have provided a detailed study on the critical dynamics of the global Functional Shoes market, which include the market influence and market effect factors, drivers, challenges, restraints, trends, and prospects. Visit www.zacksdata.com to get our data and content for your mobile app or website. Nike is housed within the Shoes and Retail Apparel industry, which carries a Zacks Industry Rank #68, which places it among the top 27% of more than 250 Zacks industries. Ahead of this earnings release, the estimate revisions trend for Nike was mixed. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. Chicago, United States: –  The report comes out as an intelligent and thorough assessment tool as well as a great resource that will help you to secure a position of strength in the global Functional Shoes Market. Image source: Getty Images. Quarter 2020 year on year, above company average, It includes Porter’s Five Forces and PESTLE analysis to equip your business with critical information and comparative data about the Global Functional Shoes Market. In depth view into Nike Market Cap including historical data from 1980, charts, stats and industry comps. NIKE annual revenue for 2019 was $39.117B, a 7.47% increase from 2018. NIKE annual revenue for 2020 was $37.403B, a 4.38% decline from 2019. In a new report, Zacks' experts predict the top stocks in the EV space that could strengthen your portfolio and which has the most upside in 2021 and beyond. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. These returns cover a period from January 1, 1988 through October 5, 2020. Global Functional Shoes Market: Regional Segments. This quarterly report represents an earnings surprise of 97.92%. NIKE market cap history and chart from 2006 to 2020. Nike stock sold off in the coronavirus stock market correction. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Copyright 2020 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. Global Growth Trends: There are three chapters included in this section, i.e. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. Auto manufacturers are reinventing the electric vehicle space key Opportunities available in the days ahead a slight decline 2019... See the complete list of today 's Zacks # 1 Rank ( strong Buy ) stocks here surpassed consensus estimates... Nike continues to have the greatest market share was an impressive 30.4 % in 2020 |..., click OK Inc. ( NYSE: NKE ) today reported fiscal 2021 results... 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