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3 Department Store Earnings Reports To Watch For Thursday: (KSS, M, JWN)
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The most recent earnings cycle is drawing to an end, but this week still had a plethora of earnings reports from different companies. On Thursday 3 companies from the retail sector, or more specifically 3 major department stores, are set to release their most recent quarter’s financial results.
Many eyes will be on the reports of these companies, as department stores have seen their fair share of struggles in recent months. Consumer spending has improved, but changes to how and where consumers shop has caused the brick and mortar stores of old to try adapt to this evolved consumer. (Also Read: Retailers Are Down, But Are They Out)
Below are the three department stores slated to release their earnings reports Thursday, along with what analysts are expecting to see.
Kohl’s Corporation is slated to release its second quarter earnings results Thursday before the market opens. The company operates family-orientated, specialty department stores primarily in the Midwest, Mid-Atlantic, and Northeast areas of the United States that feature quality, national brand merchandise priced to provide exceptional value to customers.
KSS is currently a Zacks Rank #4 (Sell), and shares of the company are down about 18% year-to-date. The Zacks Consensus Estimate for the company’s EPS stands at $1.04 for the quarter, and revenue is expected to come in at $4.16 billion. The EPS has fallen throughout the quarter, as it was as high as $1.17 90 days ago. The Most Accurate Estimate stands for EPS at $1.02, which represents an earnings surprise prediction figure of -1.92% when compared to the Zacks Consensus Estimate.
In its most recent earnings report from Q1, Kohl’s came up short on estimates, posting EPS of $0.31, below the estimate of $0.36, and representing a miss of 13.89%. Over its last 4 quarters Kohl’s has beaten on EPS estimates twice, while also posting a miss on estimates twice. The average earnings surprise for the company over the last 4 quarters is -2.35%.
Also slated to release its second quarter financial results Thursday before market open is Macy’s Inc. The company, together with its subsidiaries, operates stores, Websites, and mobile applications in the United States. Its stores and websites sell a range of merchandise, including apparel and accessories for men, women, and children, cosmetics, home furnishings, and other consumer goods.
Macy’s is currently a Zacks Rank #3 (Hold) stock, and shares of the company are down nearly 4% year-to-date. The Zacks Consensus Estimate for the company’s Q2 EPS stands at $0.40, and revenue is expected to be $5.75 billion. The EPS estimate for the quarter has fallen throughout it, as the estimate stood at $0.49 90 days ago. The Most Accurate Estimate stands at $0.50 though, representing a positive earnings surprise prediction figure of 25%.
In its Q1 earnings report Macy’s posted an earnings beat of $0.05, or 14.29%, as its reported EPS of $0.40 beat estimates. Across the its last 4 quarters the company has been able to beat on earnings estimates on 3 occasions, and has posted an average surprise figure of 3.92% in that span.
The final department store to release its latest quarter’s financial results Thursday is Nordstrom Inc., which will do so after the market closes. The company is a fashion retailer that offers apparel, shoes, cosmetics, and accessories for men, women, and children in the United States, and Canada.
Nordstrom is currently a Zacks Rank #2 (Buy) stock, and shares of the company are down just over 9.6% year-to-date. The Zacks Consensus Estimate for the company’s quarterly EPS stands at $0.55, and revenues are expected to come in around $3.65 billion for the quarter. The EPS estimate for the quarter has fallen throughout the period, as it stood at $0.72 90 days ago. The Most Accurate Estimate for EPS stands at $0.52, which represents an earnings surprise prediction figure of -5.46%.
In its most recent earnings report for the quarter that ended in April, Macy’s posted a large miss on earnings estimates. The company posted EPS of $0.26, much lower than the estimate of $0.45, and which represented a miss of 42.22%. Over its last 4 quarters the company has missed on earnings estimates 3 times, and has posted an average earnings surprise of -15.68% over that span.
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3 Department Store Earnings Reports To Watch For Thursday: (KSS, M, JWN)
The most recent earnings cycle is drawing to an end, but this week still had a plethora of earnings reports from different companies. On Thursday 3 companies from the retail sector, or more specifically 3 major department stores, are set to release their most recent quarter’s financial results.
Many eyes will be on the reports of these companies, as department stores have seen their fair share of struggles in recent months. Consumer spending has improved, but changes to how and where consumers shop has caused the brick and mortar stores of old to try adapt to this evolved consumer. (Also Read: Retailers Are Down, But Are They Out)
Below are the three department stores slated to release their earnings reports Thursday, along with what analysts are expecting to see.
Kohl’s Corporation (KSS - Free Report)
Kohl’s Corporation is slated to release its second quarter earnings results Thursday before the market opens. The company operates family-orientated, specialty department stores primarily in the Midwest, Mid-Atlantic, and Northeast areas of the United States that feature quality, national brand merchandise priced to provide exceptional value to customers.
KSS is currently a Zacks Rank #4 (Sell), and shares of the company are down about 18% year-to-date. The Zacks Consensus Estimate for the company’s EPS stands at $1.04 for the quarter, and revenue is expected to come in at $4.16 billion. The EPS has fallen throughout the quarter, as it was as high as $1.17 90 days ago. The Most Accurate Estimate stands for EPS at $1.02, which represents an earnings surprise prediction figure of -1.92% when compared to the Zacks Consensus Estimate.
In its most recent earnings report from Q1, Kohl’s came up short on estimates, posting EPS of $0.31, below the estimate of $0.36, and representing a miss of 13.89%. Over its last 4 quarters Kohl’s has beaten on EPS estimates twice, while also posting a miss on estimates twice. The average earnings surprise for the company over the last 4 quarters is -2.35%.
Macy’s Inc. (M - Free Report)
Also slated to release its second quarter financial results Thursday before market open is Macy’s Inc. The company, together with its subsidiaries, operates stores, Websites, and mobile applications in the United States. Its stores and websites sell a range of merchandise, including apparel and accessories for men, women, and children, cosmetics, home furnishings, and other consumer goods.
Macy’s is currently a Zacks Rank #3 (Hold) stock, and shares of the company are down nearly 4% year-to-date. The Zacks Consensus Estimate for the company’s Q2 EPS stands at $0.40, and revenue is expected to be $5.75 billion. The EPS estimate for the quarter has fallen throughout it, as the estimate stood at $0.49 90 days ago. The Most Accurate Estimate stands at $0.50 though, representing a positive earnings surprise prediction figure of 25%.
In its Q1 earnings report Macy’s posted an earnings beat of $0.05, or 14.29%, as its reported EPS of $0.40 beat estimates. Across the its last 4 quarters the company has been able to beat on earnings estimates on 3 occasions, and has posted an average surprise figure of 3.92% in that span.
Nordstrom Inc. (JWN - Free Report)
The final department store to release its latest quarter’s financial results Thursday is Nordstrom Inc., which will do so after the market closes. The company is a fashion retailer that offers apparel, shoes, cosmetics, and accessories for men, women, and children in the United States, and Canada.
Nordstrom is currently a Zacks Rank #2 (Buy) stock, and shares of the company are down just over 9.6% year-to-date. The Zacks Consensus Estimate for the company’s quarterly EPS stands at $0.55, and revenues are expected to come in around $3.65 billion for the quarter. The EPS estimate for the quarter has fallen throughout the period, as it stood at $0.72 90 days ago. The Most Accurate Estimate for EPS stands at $0.52, which represents an earnings surprise prediction figure of -5.46%.
In its most recent earnings report for the quarter that ended in April, Macy’s posted a large miss on earnings estimates. The company posted EPS of $0.26, much lower than the estimate of $0.45, and which represented a miss of 42.22%. Over its last 4 quarters the company has missed on earnings estimates 3 times, and has posted an average earnings surprise of -15.68% over that span.
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