Why Nike Is Pegged by an Analyst to See Big EPS Growth

Sports and athletic shoe and apparel giant Nike, Inc. (NYSE: NKE) received a strong vote of confidence today from an analyst at financial services firm UBS. In his research note, as reported by Seeking Alpha, Jay Sole predicts both ongoing sales improvements and vigorous earnings per share (EPS) growth over the next half-decade. Providing detail on UBS's bull case, his note states the "key is Nike's transition to digital selling is happening much faster than we anticipated" and the e-commerce "transformation is just getting started and will drive better-than-expected sales growth and margin expansion well into the out-years."