Nordstrom Inc. (NYSE: JWN) is scheduled to release its most recent quarterly results after the markets close on Thursday. The consensus estimates call for $0.44 in earnings per share (EPS) on $3.46 billion in revenue. The fiscal first quarter of last year reportedly had EPS of $0.37 and $3.35 billion in revenue.
In its most recent quarter, Nordstrom reported that comparable store sales for the quarter rose 2.6%. Net sales rose 8.4% year over year. Also, the company reported that quarterly online sales growth totaled 12.4% at Nordstrom.com and full-year sales growth rose 13.1%.
There was a fair amount of brouhaha surrounding whether the company would go private earlier this year. However, Nordstrom announced back in March that its special committee of the board had terminated talks with several Nordstrom family members who wanted to acquire the company and take it private.
Excluding Thursday’s move, Nordstrom had outperformed the broad markets with its stock up about 25% in the past 52 weeks. In just 2018 alone, the stock was up about 8%.
[nativounit]
A few analysts weighed in on Nordstrom ahead of the report:
- Credit Suisse has a Neutral rating with a $54 price target.
- BMO Capital Markets has a Market Perform rating and a $55 target.
- Robert Baird has a Neutral rating.
- RBC has a Hold rating with a $49 target price.
- Piper Jaffray has a Hold rating and a $48 price target.
Shares of Nordstrom were last up about 1% at $51.11, with a consensus analyst price target of $51.19 and a 52-week range of $37.79 to $54.00.
[recirclink id=461826]
[wallst_email_signup]
Top Gaining Stocks
Top Losing Stocks