Nordstrom Earnings: Here’s Why Investors are Selling Shares Now

Nordstrom Inc. (NYSE:JWN) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 3%.

Nordstrom Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 24% to $0.93 in the quarter versus EPS of $0.75 in the year-earlier quarter.

Revenue: Rose 3.16% to $3.1 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Nordstrom Inc. reported adjusted EPS income of $0.93 per share. By that measure, the company beat the mean analyst estimate of $0.88. It missed the average revenue estimate of $3.29 billion.

Key Stats (on next page)…

Revenue increased 12.91% from $2.75 billion in the previous quarter. EPS increased 27.4% from $0.73 in the previous quarter.

Looking Forward: 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 $0.75 to a profit $0.74. For the current year, the average estimate has moved down from a profit of $3.79 to a profit of $3.78 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)