Nordstrom (JWN) Set to Announce Earnings on Thursday
Nordstrom (NYSE:JWN) is scheduled to be releasing its Q214 earnings data on Thursday, August 14th. Analysts expect Nordstrom to post earnings of $0.94 per share and revenue of $3.39 billion for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.
Nordstrom (NYSE:JWN) last announced its earnings results on Thursday, May 15th. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.68 by $0.04. The company had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.86 billion. On average, analysts expect Nordstrom to post $3.90 EPS for the current fiscal year and $4.29 EPS for the next fiscal year.
Shares of Nordstrom (NYSE:JWN) opened at 68.71 on Wednesday. Nordstrom has a one year low of $54.90 and a one year high of $70.71. The stock has a 50-day moving average of $68.66 and a 200-day moving average of $64.18. The company has a market cap of $13.053 billion and a price-to-earnings ratio of 18.66. Nordstrom also saw some unusual options trading activity on Tuesday. Stock investors purchased 3,683 put options on the stock. This is an increase of 528% compared to the typical daily volume of 586 put options.
A number of research firms have recently commented on JWN. Analysts at Topeka Capital Markets raised their price target on shares of Nordstrom from $75.00 to $78.00 in a research note on Tuesday. They now have a “buy” rating on the stock. On a related note, analysts at Deutsche Bank raised their price target on shares of Nordstrom from $72.00 to $78.00 in a research note on Monday, July 28th. They now have a “buy” rating on the stock. Twelve equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Nordstrom currently has a consensus rating of “Hold” and an average target price of $69.82.
Nordstrom, Inc is a fashion specialty retailer. As of March 18, 2013, the Company operates 242 United States stores located in 31 states, as well as an e-commerce business through nordstrom.
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