Nordstrom Earnings: Here’s Why the Stock is Down Now
Nordstrom Inc. (NYSE:JWN) delivered a profit and missed Wall Street’s expectations, AND 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 0.50%.
Nordstrom Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 4.29% to $0.73 in the quarter versus EPS of $0.70 in the year-earlier quarter.
Revenue: Rose 1.07% to $2.66 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Nordstrom Inc. reported adjusted EPS income of $0.73 per share. By that measure, the company missed the mean analyst estimate of $0.76. It missed the average revenue estimate of $2.8 billion.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…
Revenue decreased 28.23% from $3.7 billion in the previous quarter. EPS decreased 47.86% from $1.40 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 $0.9 to a profit $0.87. For the current year, the average estimate has moved down from a profit of $3.96 to a profit of $3.8 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)