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Nordstrom (JWN) Stock Sinks As Market Gains: What You Should Know
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Nordstrom (JWN - Free Report) closed at $26.67 in the latest trading session, marking a -0.49% move from the prior day. This change lagged the S&P 500's 0.48% gain on the day. Elsewhere, the Dow gained 0.2%, while the tech-heavy Nasdaq lost 0.01%.
Coming into today, shares of the department store operator had lost 5.4% in the past month. In that same time, the Retail-Wholesale sector lost 10.21%, while the S&P 500 lost 8.48%.
Wall Street will be looking for positivity from Nordstrom as it approaches its next earnings report date. On that day, Nordstrom is projected to report earnings of -$0.10 per share, which would represent year-over-year growth of 84.38%. Our most recent consensus estimate is calling for quarterly revenue of $3.33 billion, up 10.64% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.30 per share and revenue of $15.54 billion, which would represent changes of +200% and +5.05%, respectively, from the prior year.
Any recent changes to analyst estimates for Nordstrom should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Nordstrom currently has a Zacks Rank of #1 (Strong Buy).
Investors should also note Nordstrom's current valuation metrics, including its Forward P/E ratio of 8.12. Its industry sports an average Forward P/E of 9.21, so we one might conclude that Nordstrom is trading at a discount comparatively.
It is also worth noting that JWN currently has a PEG ratio of 1.35. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. JWN's industry had an average PEG ratio of 0.88 as of yesterday's close.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 150, putting it in the bottom 41% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Nordstrom (JWN) Stock Sinks As Market Gains: What You Should Know
Nordstrom (JWN - Free Report) closed at $26.67 in the latest trading session, marking a -0.49% move from the prior day. This change lagged the S&P 500's 0.48% gain on the day. Elsewhere, the Dow gained 0.2%, while the tech-heavy Nasdaq lost 0.01%.
Coming into today, shares of the department store operator had lost 5.4% in the past month. In that same time, the Retail-Wholesale sector lost 10.21%, while the S&P 500 lost 8.48%.
Wall Street will be looking for positivity from Nordstrom as it approaches its next earnings report date. On that day, Nordstrom is projected to report earnings of -$0.10 per share, which would represent year-over-year growth of 84.38%. Our most recent consensus estimate is calling for quarterly revenue of $3.33 billion, up 10.64% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.30 per share and revenue of $15.54 billion, which would represent changes of +200% and +5.05%, respectively, from the prior year.
Any recent changes to analyst estimates for Nordstrom should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Nordstrom currently has a Zacks Rank of #1 (Strong Buy).
Investors should also note Nordstrom's current valuation metrics, including its Forward P/E ratio of 8.12. Its industry sports an average Forward P/E of 9.21, so we one might conclude that Nordstrom is trading at a discount comparatively.
It is also worth noting that JWN currently has a PEG ratio of 1.35. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. JWN's industry had an average PEG ratio of 0.88 as of yesterday's close.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 150, putting it in the bottom 41% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.