Credit Suisse: Nike Could Achieve 20% EPS Growth In 2015

Christian Buss of Credit Suisse commented in a note on Wednesday that

is in a position to drive 20 percent earnings per share growth in fiscal 2015. "With dominant market share, the deepest pockets, and consistent innovation, we expect Nike to continue to capture market share in the U.S. footwear space," Buss wrote. The analyst adds that an 8 percent to 9 percent footwear growth is sustainable over the next year while apparel growth appears "solid." According to Buss, Nike is in a position to continue capturing market share in the United States. At the same time, the company will also benefit from strong demand trends in China and restructuring initiatives in Western Europe will yield EBIT margin recapture. Buss estimates Nike will earn $3.64 for the entire fiscal year, above the consensus estimate of $3.60. Shares were maintained with an Outperform rating with a price target raised to $105 from a previous $100.