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Nike Exceeds Market Returns: Some Facts to Consider

In the latest trading session, Nike (NYSE: NKE) closed at $95, marking a +1.72% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.77%. On the other hand, the Dow registered a gain of 0.49%, and the technology-centric Nasdaq increased by 0.95%. The athletic apparel maker's shares have seen an increase of 1.31% over the last month, surpassing the Consumer Discretionary sector's loss of 1.38% and falling behind the S&P 500's gain of 3.71%. The investment community will be paying close attention to the earnings performance of Nike in its upcoming release. The company is slated to reveal its earnings on June 27, 2024. On that day, Nike is projected to report earnings of $0.86 per share, which would represent year-over-year growth of 30.3%. Simultaneously, our latest consensus estimate expects the revenue to be ...