Nordstrom, Inc. (JWN) Set to Announce Quarterly Earnings on Thursday
Nordstrom, Inc. (NYSE:JWN) is scheduled to be announcing its earnings results after the market closes on Thursday, November 9th. Nordstrom has set its FY18 guidance at $2.85-3.00 EPS.
Nordstrom (NYSE:JWN) last posted its quarterly earnings data on Thursday, August 10th. The specialty retailer reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.03. Nordstrom had a return on equity of 71.57% and a net margin of 2.44%. The company had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.70 billion. During the same quarter in the previous year, the business earned $0.67 EPS. Nordstrom’s revenue was up 3.5% compared to the same quarter last year. On average, analysts expect Nordstrom to post $2.98 EPS for the current fiscal year and $2.96 EPS for the next fiscal year.
JWN has been the subject of several analyst reports. KeyCorp set a $55.00 price objective on Nordstrom and gave the stock a “buy” rating in a research report on Wednesday, October 11th. ValuEngine lowered Nordstrom from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Royal Bank Of Canada restated a “hold” rating and set a $45.00 price target on shares of Nordstrom in a research report on Thursday, October 5th. J P Morgan Chase & Co restated an “underweight” rating and set a $48.00 price target on shares of Nordstrom in a research report on Friday, July 14th. Finally, Vetr lowered Nordstrom from a “sell” rating to a “strong sell” rating and set a $41.54 price target for the company. in a research report on Monday, July 17th. Five equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $47.41.
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Nordstrom, Inc is a fashion specialty retailer in the United States. The Company’s segments include Retail and Credit. As of March 20, 2017, the Company operated 344 the United States stores located in 40 states as well as an e-commerce business. The Company also offers its customers a variety of payment products and services, including credit and debit cards.
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