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.
Nordstrom (JWN) Posts Q3 Earnings and Revenue Beats
Read MoreHide Full Article
Nordstrom, Inc. (JWN - Free Report) just released its third-quarter financial results, posting earnings of 67 cents per share and revenues of $3.63 billion.
Currently, JWN is a Zacks Rank #3 (Hold) and is down 4.02% to $38.42 per share in after-hours trading shortly after its earnings report was released. JWN closed about 4.5% higher on Thursday.
Nordstrom:
Beat earnings estimates. The company posted earnings of $0.67 per share, beating the Zacks Consensus Estimate of $0.63.
Beat revenue estimates. The company saw revenue figures of $3.63, beating our consensus estimate $3.60 billion.
Comparable-store sales were down 0.9% in the quarter. Nordstrom opened 19 stores, relocated three stores, and closed two stores in the quarter.
Looking ahead, Nordstrom expects to report approximately flat comps for the full fiscal year. Net sales are expected to increase by about 4%. This guidance has been left unchanged, however, management did update its earnings per share projections. The company now expects full-year earnings per diluted share to fall in the range of $2.85 to $2.95, which is slightly narrower than the previously announced $2.85 to $3.00 range.
“With a test and learn approach in finding innovative ways to improve speed, convenience and personalization for customers, the Company launched Nordstrom Local, its latest retail concept where customers can shop and access Nordstrom services in a convenient, central location,” the company noted.
Here’s a graph that looks at Nordstrom’s earnings surprise history:
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.
Check back later for our full analysis on Nordstrom’s earnings report!
Want more stock market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
Image: Bigstock
Nordstrom (JWN) Posts Q3 Earnings and Revenue Beats
Nordstrom, Inc. (JWN - Free Report) just released its third-quarter financial results, posting earnings of 67 cents per share and revenues of $3.63 billion.
Currently, JWN is a Zacks Rank #3 (Hold) and is down 4.02% to $38.42 per share in after-hours trading shortly after its earnings report was released. JWN closed about 4.5% higher on Thursday.
Nordstrom:
Beat earnings estimates. The company posted earnings of $0.67 per share, beating the Zacks Consensus Estimate of $0.63.
Beat revenue estimates. The company saw revenue figures of $3.63, beating our consensus estimate $3.60 billion.
Comparable-store sales were down 0.9% in the quarter. Nordstrom opened 19 stores, relocated three stores, and closed two stores in the quarter.
Looking ahead, Nordstrom expects to report approximately flat comps for the full fiscal year. Net sales are expected to increase by about 4%. This guidance has been left unchanged, however, management did update its earnings per share projections. The company now expects full-year earnings per diluted share to fall in the range of $2.85 to $2.95, which is slightly narrower than the previously announced $2.85 to $3.00 range.
“With a test and learn approach in finding innovative ways to improve speed, convenience and personalization for customers, the Company launched Nordstrom Local, its latest retail concept where customers can shop and access Nordstrom services in a convenient, central location,” the company noted.
Here’s a graph that looks at Nordstrom’s earnings surprise history:
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.
Check back later for our full analysis on Nordstrom’s earnings report!
Want more stock market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>