Nordstrom First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Nordstrom, Inc. (NYSE:JWN) will unveil its latest earnings on Thursday, May 10, 2012. Nordstrom is a fashion retailer offering designer, luxury and quality apparel, shoes, cosmetics and accessories.

Nordstrom, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 74 cents per share, a rise of 7.2% from the company’s actual earnings for the year-ago quarter. The average estimate is the same as three months ago. Between one and three months ago, the average estimate moved down. It has risen from 72 cents during the last month. For the year, analysts are projecting profit of $3.47 per share, a rise of 9.1% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by one cent, reporting net income of $1.11 per share against a mean estimate of profit of $1.10 per share.

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Wall St. Revenue Expectations: On average, analysts predict $2.51 billion in revenue this quarter, a rise of 12.6% from the year-ago quarter. Analysts are forecasting total revenue of $11.71 billion for the year, a rise of 11.5% from last year’s revenue of $10.5 billion.

Analyst Ratings: Analysts are bullish on Nordstrom, as 10 analysts rate it as a buy, three rate it as a sell and seven rate it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, profit rose 1.7% to $236 million ($1.10 a share) from $232 million ($1.04 a share) the year earlier, exceeding analyst expectations. Revenue rose 12% to $3.27 billion from $2.92 billion.

Key Stats:

With double-digit revenue growth the past four quarters, this earnings release is a chance to keep that positive trend going. The company has averaged year-over-year revenue growth of 12.2% over the last four quarters.

This upcoming earnings announcement will be a chance to build on positive earnings momentum over the last three quarters. Net income rose 19.9% in the second quarter of the last fiscal year and 6.7% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year.

Stock Price Performance: Between February 8, 2012 and May 4, 2012, the stock price rose $5.15 (10.1%), from $50.75 to $55.90. The stock price saw one of its best stretches over the last year between September 9, 2011 and September 19, 2011, when shares rose for seven straight days, increasing 8.9% (+$3.89) over that span. It saw one of its worst periods between November 15, 2011 and November 25, 2011 when shares fell for eight straight days, dropping 10.2% (-$4.96) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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