Analysts Anticipate Nordstrom, Inc. (JWN) Will Post Earnings of $1.23 Per Share

Analysts expect that Nordstrom, Inc. (NYSE:JWN) will report earnings of $1.23 per share for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Nordstrom’s earnings, with the lowest EPS estimate coming in at $1.18 and the highest estimate coming in at $1.28. Nordstrom posted earnings per share of $1.37 in the same quarter last year, which suggests a negative year over year growth rate of 10.2%. The firm is scheduled to report its next earnings results on Thursday, February 22nd.

On average, analysts expect that Nordstrom will report full year earnings of $2.93 per share for the current year, with EPS estimates ranging from $2.88 to $2.95. For the next fiscal year, analysts expect that the firm will post earnings of $3.08 per share, with EPS estimates ranging from $2.65 to $3.42. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that cover Nordstrom.

Nordstrom (NYSE:JWN) last announced its quarterly earnings data on Thursday, November 9th. The specialty retailer reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.04. Nordstrom had a net margin of 3.25% and a return on equity of 67.44%. The firm had revenue of $3.54 billion during the quarter, compared to analysts’ expectations of $3.50 billion. During the same quarter in the previous year, the business posted $0.84 earnings per share. The business’s quarterly revenue was up 2.0% compared to the same quarter last year.

Several research firms have commented on JWN. Zacks Investment Research upgraded shares of Nordstrom from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a report on Monday, January 15th. BMO Capital Markets set a $50.00 price target on shares of Nordstrom and gave the stock a “hold” rating in a report on Friday, January 12th. Piper Jaffray Companies set a $45.00 price target on shares of Nordstrom and gave the stock a “hold” rating in a report on Wednesday, January 10th. JPMorgan Chase & Co. upgraded shares of Nordstrom from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $33.00 to $48.00 in a report on Tuesday, January 2nd. Finally, ValuEngine cut shares of Nordstrom from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $47.43.

Institutional investors have recently modified their holdings of the company. San Francisco Sentry Investment Group CA boosted its holdings in shares of Nordstrom by 1,752.0% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 2,315 shares of the specialty retailer’s stock valued at $109,000 after buying an additional 2,190 shares in the last quarter. Advisory Services Network LLC boosted its holdings in shares of Nordstrom by 41.8% in the 2nd quarter. Advisory Services Network LLC now owns 3,452 shares of the specialty retailer’s stock valued at $165,000 after buying an additional 1,018 shares in the last quarter. Thrivent Financial For Lutherans purchased a new stake in Nordstrom in the 2nd quarter valued at $202,000. Nordea Investment Management AB raised its position in Nordstrom by 7.2% in the 2nd quarter. Nordea Investment Management AB now owns 4,264 shares of the specialty retailer’s stock valued at $204,000 after purchasing an additional 287 shares during the last quarter. Finally, Intact Investment Management Inc. purchased a new stake in Nordstrom in the 3rd quarter valued at $226,000. Institutional investors and hedge funds own 57.70% of the company’s stock.

Nordstrom (JWN) opened at $52.00 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.30 and a debt-to-equity ratio of 3.14. Nordstrom has a twelve month low of $37.79 and a twelve month high of $53.00. The company has a market cap of $8,532.35, a P/E ratio of 18.31, a price-to-earnings-growth ratio of 2.86 and a beta of 0.89.

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About Nordstrom

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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Earnings History and Estimates for Nordstrom (NYSE:JWN)

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