Nordstrom (JWN - Free Report) just released its first quarter financial results, posting adjusted earnings of $0.51 per share and revenues of $3.56 billion.
Nordstrom is currently a Zacks Rank #2 (Buy), which is subject to change based on today’s results. Shares of Nordstrom are up 25% over the last year and have climbed nearly 8% in the last four weeks. The department store’s stock also popped 0.49% on Thursday to hit $50.93 per share prior to the release of its quarterly earnings results.
Nordstrom stock is currently down 6.32% to $47.69 per share in after-hours trading shortly after its earnings report was released.
Beat earnings estimates. The company posted adjusted earnings of $0.51 per share, beating the Zacks Consensus Estimate of $0.42 per share.
Beat revenue estimates. The company saw revenue figures of $3.56 billion, topping our consensus estimate of $3.47 billion.
Nordstrom saw its quarterly revenues climb by roughly 6% from $3.35 billion in the year-ago period. Meanwhile, the department store’s Q1 comparable store sales grew just 0.6%.
Nordstrom also noted that it has opened eight total stores in fiscal 2018, while only closing one location. Looking ahead, the company called for full-year revenue to fall between $15.2 billion and $15.4 billion, which falls below our current consensus estimate of $15.8 billion.
Here’s a graph that looks at JWN’s Price, Consensus and EPS Surprise history:
Check back later for our full analysis on JWN’s earnings report!
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