** Nike NKE.N shares slip 0.5% ahead of qtrly results after the bell, as investors focus on the co's efforts to regain market dominance amid stiff competition
** Analysts expect qtrly rev down ~11% to $11.01 bln, with adjusted EPS seen at $0.29 vs $0.77 yr-ago, per LSEG, highlighting challenges in recovering market share lost in recent years
** NKE stock down about 4% YTD, underperforming S&P 500 .SPX, which is down 3%; stock is 29% below its 52-week intraday high of $101.9 reached on March 21, 2024
** Stock recently traded at 32 times expected earnings, slightly above its five-year avg forward PE of 31, per LSEG data
** In past 30 days, six analysts raised EPS estimates for qtr, while four revised downwards, indicating mixed sentiment on co's near-term prospects
(Reporting by Noel Randewich)
((noel.randewich@thomsonreuters.com))
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