We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Department Store Stock Earnings Preview: M, JCP, JWN
Read MoreHide Full Article
As you might have been able to guess, it has been a very rough time for names in the department store world. Stocks here are the victims of a continued online shopping trend, as well as Amazon (AMZN) dominating the broader world of retail too.
However, in some cases, a few of these old-guard companies may have actually found a bottom in recent trading and could be interesting choices for investors willing to play a volatile market. In particular, we take a look at three companies in this segment which are reporting this week including…
Macy’s has definitely been on an extremely sluggish trend over the past two years, but some bright spots are finally starting to appear. The company has seen three straight earnings beats, while it has a positive Earnings ESP as well, potentially setting up this report for some strength, especially considering an ‘A’ fundamental score.
JCP has also struggled, but its woes are more long term, as it has been stuck in purgatory for years now. However, the company does see a nice streak of earnings beats and relatively optimistic earnings estimates which is definitely a plus for Penney’s investors. Still, a negative earnings ESP and a rank of just #3 make this a potentially rocky one in earnings season.
Nordstrom has also seen weakness, and shares may have just bottomed out for investors. Estimates have finally begun to tick higher and the stock has a Zacks Rank #2 (buy), but with its poor history in earnings season and a negative earnings ESP, it is hard to have a lot of confidence regarding this name.
For more in-depth analysis of these companies, make sure to watch our short video on the topic. And for additional insights on trading earnings reports, listen to the podcast below:
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Department Store Stock Earnings Preview: M, JCP, JWN
As you might have been able to guess, it has been a very rough time for names in the department store world. Stocks here are the victims of a continued online shopping trend, as well as Amazon (AMZN) dominating the broader world of retail too.
However, in some cases, a few of these old-guard companies may have actually found a bottom in recent trading and could be interesting choices for investors willing to play a volatile market. In particular, we take a look at three companies in this segment which are reporting this week including…
Macy’s (M - Free Report)
Macy’s has definitely been on an extremely sluggish trend over the past two years, but some bright spots are finally starting to appear. The company has seen three straight earnings beats, while it has a positive Earnings ESP as well, potentially setting up this report for some strength, especially considering an ‘A’ fundamental score.
MACYS INC Price, Consensus and EPS Surprise
MACYS INC Price, Consensus and EPS Surprise | MACYS INC Quote
Macy’s reports on 8/11 before the bell.
J.C. Penney’s
JCP has also struggled, but its woes are more long term, as it has been stuck in purgatory for years now. However, the company does see a nice streak of earnings beats and relatively optimistic earnings estimates which is definitely a plus for Penney’s investors. Still, a negative earnings ESP and a rank of just #3 make this a potentially rocky one in earnings season.
PENNEY (JC) INC Price, Consensus and EPS Surprise
PENNEY (JC) INC Price, Consensus and EPS Surprise | PENNEY (JC) INC Quote
J.C. Penney reports before the bell on 8/12.
Nordstrom (JWN - Free Report)
Nordstrom has also seen weakness, and shares may have just bottomed out for investors. Estimates have finally begun to tick higher and the stock has a Zacks Rank #2 (buy), but with its poor history in earnings season and a negative earnings ESP, it is hard to have a lot of confidence regarding this name.
NORDSTROM INC Price, Consensus and EPS Surprise
NORDSTROM INC Price, Consensus and EPS Surprise | NORDSTROM INC Quote
Nordstrom reports after the bell on 8/11.
For more in-depth analysis of these companies, make sure to watch our short video on the topic. And for additional insights on trading earnings reports, listen to the podcast below: