NEW YORK (TheStreet) -- Shares of Nike (NKE) are rising, up 1.1% to $95.54 in early market trading, ahead of the sporting goods company's fiscal second quarter earnings release after the market closes today.
The world's largest footwear and athletic apparel company is set to announce its quarterly results along with its futures orders -- a metric that shows how much merchandise the company expects to ship in the coming months.
For the company's fiscal second quarter, analysts estimate earnings of 70 cents per share on $7.15 billion in revenue, as Nike predicts a slow-down in momentum.
In the same quarter of last year, Nike reported earnings of 59 cents per share on $6.43 billion in sales.
Nike guided for a high single-digit growth in revenue for the fiscal second quarter after posting a 15% growth in its fiscal first quarter.
Separately, TheStreet Ratings team rates NIKE INC as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:
"We rate NIKE INC (NKE) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow."