Nordstrom (JWN) Expected to Announce Earnings on Tuesday

Nordstrom (NYSE:JWN) is expected to be releasing its earnings data after the market closes on Tuesday, March 4th. Analysts expect Nordstrom to post earnings of $0.91 per share and revenue of $4.32 billion for the quarter.

Nordstrom (NYSE:JWN) last announced its quarterly earnings data on Tuesday, November 26th. The specialty retailer reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.11. Nordstrom had a negative net margin of 1.57% and a negative return on equity of 18.04%. The company had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.34 billion. During the same quarter in the prior year, the company earned $0.25 EPS. The firm’s revenue was up 4.6% on a year-over-year basis. On average, analysts expect Nordstrom to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Nordstrom Price Performance

Shares of Nordstrom stock opened at $24.32 on Tuesday. Nordstrom has a 52-week low of $16.78 and a 52-week high of $24.99. The stock has a market capitalization of $4.01 billion, a price-to-earnings ratio of 15.49 and a beta of 2.51. The company has a fifty day moving average of $24.15 and a 200-day moving average of $23.18. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.35 and a current ratio of 1.14.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on JWN. UBS Group raised shares of Nordstrom from a “sell” rating to a “neutral” rating and upped their price objective for the company from $14.50 to $24.00 in a research note on Friday, January 10th. StockNews.com began coverage on shares of Nordstrom in a research note on Wednesday, February 19th. They issued a “buy” rating for the company. Argus cut shares of Nordstrom from a “buy” rating to a “sell” rating in a research note on Monday, December 30th. Evercore ISI increased their price target on shares of Nordstrom from $22.00 to $24.00 and gave the company an “in-line” rating in a research report on Monday, January 13th. Finally, Bank of America increased their price target on shares of Nordstrom from $20.00 to $22.00 and gave the company an “underperform” rating in a research report on Wednesday, November 27th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Nordstrom currently has an average rating of “Hold” and an average price target of $22.17.

Nordstrom Company Profile

Nordstrom, Inc, a fashion retailer, provides apparels, shoes, beauty, accessories, and home goods for women, men, young adults, and children. It offers a range of brand-name and private-label merchandise through various channels, such as Nordstrom branded stores and online at Nordstrom.com; Nordstrom.ca; Nordstrom stores; Nordstrom Rack stores; Nordstrom Locals; ASOS; Nordstromrack.com; mobile application; and clearance stores under the Last Chance name.