Nordstrom Inc. (JWN - Free Report) just released its fourth quarter fiscal 2016 earnings results, posting earnings, before non-recurring items, of $1.37 per share and revenues of $4.2 billion. Currently, JWN is a #4 (Sell) on the Zacks Rank, and is up 3.5% to $45.51 per share in trading shortly after its earnings report was released.
Beat earnings estimates. The company posted adjusted earnings of $1.37 per share, beating the Zacks Consensus Estimate of $1.22 per share. This number excludes 22 cents from non-recurring items.
Missed revenue estimates. The company saw revenue figures of $4.2 billion, lagging behind our consensus estimate of $4.365 billion but increasing 2.4% year-over-year.
Total comparable sales decreased 0.9%. The top-performing merchandise categories were Women’s Apparel and Beauty, while the younger customer-focused departments in Women’s Apparel continued to outperform, reflecting strength in denim and collaborations with new and emerging limited distribution brands.
Nordstrom Rack net sales increased 10.7% and comparable sales increased 4.3%.
Looking ahead to fiscal 2017, Nordstrom expects net sales to see a 3% to 4% increase, with approximately flat comparable sales. Earnings per diluted share are expected in the range of $2.75 to $3.00.
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.
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Nordstrom Inc. (JWN - Free Report) just released its fourth quarter fiscal 2016 earnings results, posting earnings, before non-recurring items, of $1.37 per share and revenues of $4.2 billion. Currently, JWN is a #4 (Sell) on the Zacks Rank, and is up 3.5% to $45.51 per share in trading shortly after its earnings report was released.
Beat earnings estimates. The company posted adjusted earnings of $1.37 per share, beating the Zacks Consensus Estimate of $1.22 per share. This number excludes 22 cents from non-recurring items.
Missed revenue estimates. The company saw revenue figures of $4.2 billion, lagging behind our consensus estimate of $4.365 billion but increasing 2.4% year-over-year.
Total comparable sales decreased 0.9%. The top-performing merchandise categories were Women’s Apparel and Beauty, while the younger customer-focused departments in Women’s Apparel continued to outperform, reflecting strength in denim and collaborations with new and emerging limited distribution brands.
Nordstrom Rack net sales increased 10.7% and comparable sales increased 4.3%.
Looking ahead to fiscal 2017, Nordstrom expects net sales to see a 3% to 4% increase, with approximately flat comparable sales. Earnings per diluted share are expected in the range of $2.75 to $3.00.
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.
Which Stocks are Zacks Experts Talking About?
Stocks in today's headlines may be tempting buys, but how would you like a sneak peek at the stocks Zacks experts recommend? Starting today, for the next month, you can follow all of Zacks' private buys and sells in real time. You can track value and momentum stocks, ETFs, stocks under $10, options moves, insider trades, and stocks set to report positive earnings surprises (we've called them with 80%+ accuracy). Click here for all Zacks trades >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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