Nordstrom Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Nordstrom Inc. (NYSE:JWN) will unveil its latest earnings on Thursday, August 11, 2011. Nordstrom Inc. 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 estimate of analysts is for net income of 73 cents per share, a rise of 10.6% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 75 cents. Between one and three months ago, the average estimate moved down, but has risen from 72 cents during the last month. For the year, analysts are projecting profit of $3.02 per share, a rise of 9.8% from last year.

Past Earnings Performance: The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked net income of 69 cents per share versus a mean estimate of profit of 67 cents per share.

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock >>

Wall St. Revenue Expectations: On average, analysts predict $2.71 billion in revenue this quarter, a rise of 12% from the year ago quarter. Analysts are forecasting total revenue of $10.39 billion for the year, a rise of 11.6% from last year’s revenue of $9.31 billion.

Analyst Ratings: Analysts are bullish on this stock with 11 analysts rating it as a buy, one rating it as a sell and eight rating it as a hold.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 11.4%, with the biggest boost coming in the second quarter of the last fiscal year when revenue rose 12.7% from the year earlier quarter.

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 25% while it rose 34.9% in the fourth quarter of the last fiscal year and 43.4% in the third quarter of the last fiscal year.

Competitors to Watch: Macy’s, Inc. (NYSE:M), Saks Incorporated (NYSE:SKS), Stage Stores, Inc. (NYSE:SSI), Dillard’s, Inc. (NYSE:DDS), J.C. Penney Company, Inc. (NYSE:JCP), Stein Mart, Inc. (NASDAQ:SMRT), Kohl’s Corporation (NYSE:KSS), Syms Corp. (NASDAQ:SYMS), The Buckle, Inc. (NYSE:BKE), and Citi Trends, Inc. (NASDAQ:CTRN).

Stock Price Performance: During July 8, 2011 to August 5, 2011, the stock price had dropped $5.94 (-11.8%) from $50.25 to $44.31. The stock price saw one of its best stretches over the last year between February 2, 2011 and February 11, 2011 when shares rose for eight-straight days, rising 15.1% (+$6) over that span. It saw one of its worst periods between May 31, 2011 and June 8, 2011 when shares fell for seven-straight days, falling 9.9% (-$4.64) over that span. Shares are up $2.36 (+5.6%) year to date.

(Source: Xignite Financials)

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock >>

More from The Cheat Sheet