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Nordstrom Shares Slip on Earnings Miss, But Comps Manage to Grow
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Nordstrom Inc. (JWN - Free Report) just released its fourth quarter fiscal 2017 financial results, posting earnings of $1.20 per share and revenues of $4.6 billion. The stock is down about 3% to $49 per share shortly after the report was released.
Currently, JWN is a #2 (Buy) on the Zacks Rank, and our consensus estimate trend has increased for the next few periods.
Nordstrom:
Missed earnings estimates. The department store giant reported earnings of $1.20 per share, lagging behind the Zacks Consensus Estimate of $1.24 per share.
Missed revenue estimates. The company saw sales of $4.6 billion, falling just short of our consensus estimate of $4.62 billion but growing 8.4% year-over-year.
Total comparable sales grew 2.6% for the fourth quarter. At its Nordstrom Rack Brand, net sales increased 15% and comps increased 3.7%.
Looking ahead to fiscal 2018, Nordstrom expects net sales in the range of $15.2 billion and $15.4 billion, with comparable sales between 0.5% and 1.5%. EPS is estimated in the range of $3.30 and $3.55 per share.
Here’s a graph that looks at Nordstrom’s price, consensus, and EPS surprise:
Nordstrom, Inc. is one of the nation's leading fashion specialty retailers, with stores located in a number of states, including full-line stores, Nordstrom Racks, Faconnable boutiques, and free-standing shoe stores. Nordstrom also operates Faconnable boutiques throughout Europe. Additionally, Nordstrom serves customers through its online presence and through its direct mail catalogs.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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Nordstrom Shares Slip on Earnings Miss, But Comps Manage to Grow
Nordstrom Inc. (JWN - Free Report) just released its fourth quarter fiscal 2017 financial results, posting earnings of $1.20 per share and revenues of $4.6 billion. The stock is down about 3% to $49 per share shortly after the report was released.
Currently, JWN is a #2 (Buy) on the Zacks Rank, and our consensus estimate trend has increased for the next few periods.
Nordstrom:
Missed earnings estimates. The department store giant reported earnings of $1.20 per share, lagging behind the Zacks Consensus Estimate of $1.24 per share.
Missed revenue estimates. The company saw sales of $4.6 billion, falling just short of our consensus estimate of $4.62 billion but growing 8.4% year-over-year.
Total comparable sales grew 2.6% for the fourth quarter. At its Nordstrom Rack Brand, net sales increased 15% and comps increased 3.7%.
Looking ahead to fiscal 2018, Nordstrom expects net sales in the range of $15.2 billion and $15.4 billion, with comparable sales between 0.5% and 1.5%. EPS is estimated in the range of $3.30 and $3.55 per share.
Here’s a graph that looks at Nordstrom’s price, consensus, and EPS surprise:
Nordstrom, Inc. Price, Consensus and EPS Surprise
Nordstrom, Inc. Price, Consensus and EPS Surprise | Nordstrom, Inc. Quote
Nordstrom, Inc. is one of the nation's leading fashion specialty retailers, with stores located in a number of states, including full-line stores, Nordstrom Racks, Faconnable boutiques, and free-standing shoe stores. Nordstrom also operates Faconnable boutiques throughout Europe. Additionally, Nordstrom serves customers through its online presence and through its direct mail catalogs.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>