NEW YORK (TheStreet) -- Nike (NKE) shares are falling 1.05% to $105.10 in early market trading on Thursday ahead of the release of the shoe company's fourth quarter earnings results after the closing bell today.
The Beaverton, OR-based company is expected to report fourth quarter earnings of 84 cents per share on revenue of $7.7 billion.
In the year ago period the company reported earnings of 78 cents per share on revenue of $7.4 billion.
"I don't like that Nike has run up so much," said TheStreet's Jim Cramer, Portfolio Manager of the Action Alerts PLUS Charitable Trust Portfolio. "Otherwise the quarter should be good."
TheStreet has further coverage of Nike ahead of its earnings release here.
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, impressive record of earnings per share growth, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."
Highlights from the analysis by TheStreet Ratings Team goes as follows: