Nordstrom: Here’s What Investors Need to Know Before Earnings
Nordstrom (NYSE:JWN) will report earnings after markets close on Thursday, May 16th. Nordstrom, Inc. is a fashion retailer of apparel, shoes, and accessories for men, women, and children. The Company operates through multiple retail channels, discount stores, boutiques, catalogs, and on the Internet. Nordstrom, Inc. also offers, through a subsidiary, private label card credit and debit cards.
Here is your Cheat Sheet to Nordstrom Earnings:
Earnings Expectations: Analysts expect earnings of $0.76 per share on revenues of $2.81 billion. Currently, the company’s P/E ratio stands at 16.43.
Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.9 to a profit $0.87. For the current year, the average estimate is a profit of $3.8, which is worse than the estimate ninety days ago.
Here’s how Nordstrom has been performing on an annual basis:
|Revenue ($) in millions||8,573||8,627||9,700||10,880||12,150|
|Diluted EPS ($)||1.83||2.01||2.75||3.14||3.56|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Jan. 31, 2012||Apr. 30, 2012||Jul. 31, 2012||Oct. 31, 2012||Jan. 31, 2013|
|Revenue ($) in millions||3,266||2,629||3,009||2,808||3,702|
|Diluted EPS ($)||1.113||0.70||0.75||0.71||1.405|
Nordstrom has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.
“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)