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Driven by majority downward revisions Nike Air Max Thea saleand only a few upward movements, the Zacks Consensus Estimates for the upcoming quarters and fiscal year periods witnessed a considerable dip. In the last 7 days, the Zacks Consensus Estimate for the fourth quarter came down by 5 cents to $1. 36 per share. Negative revisions for the first quarter of 2013 led Zacks to slide down its estimate by 12 cents to $1. 49 per share. For fiscal 2012, negative revisions were to some extent offset by positive moves, with estimates moving down only 2 cents to $4. 93 per share. nike shox turbo china However, estimates for fiscal 2013 slipped down 7 cents to $5. 79 per share in the last 7 days.
Though Nike air max 1 menstop and bottom lines performed well, the company's increased inventories affected the margin performance in the past quarter. A continued trend of rising inventories signal further margin pressures for the company, which may ultimately impact the company's bottom lines. Moreover, sluggish discretionary spending and intense competition amid rapidly changing customer preferences will continue to weigh upon the company's future operating performance. Nike faces intense competition in both domestic and international markets from local as well as established players, such as Adidas AG (including Reebok), PVH Corporation (PVH) and Brown Shoe Company Inc. (BWS). On the positive side, the industry leader in the U. S. footwear and athletic apparel continues to expand its global reach and market share by aggressively expanding its operations in the emerging markets.
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